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Many retail chains opened new stores this year even as retail sales of consumer goods and services saw a year-on-year rise of 20.5% in the first 11 months. Despite weakening external factors, continued domestic demand brought some relief, according to a…
Speciality stores operator SSI Group has signed a joint venture deal with a Japanese company to bring the Muji retail brand to the Philippines. SSI Group, through its wholly owned subsidiary Stores Specialists Inc. (SSI), entered an agreement with Japan’s…
Metro Retail Sales, Visayas’ largest retailer, has reported a rise in after-tax income of 20.6 per cent to P758.6 million (US$16.4 million) for 2015. Metro Retail (MRSGI)’s net sales grew 13.9 per cent to P32.5 billion last year from 2014, said the company in…
SSI subsidiary Shops Specialists has obtained the franchise for the Joe Recent style model within the Philippines. SSI will open a sequence of Joe Recent Philippines shops underneath licence from Loblaw, the Canadian retail big which owns the model. The…
Specialty retailer SSI Group has entered into a deal to bring to the Philippines Joe Fresh, one of Canada’s leading fashion retailers. In a disclosure to the Philippine Stock Exchange, SSI said it had entered into a franchise partnership with Loblaw Companies…
The Philippines’ largest specialty store retail business, SSI Group, has reported a massive 63 per cent jump in its annual profit. SSI Group says its 2014 surplus was 998.7 million Pesos (US$66.9 million), up from 613.7 million P ($41 million) in 2013. The…
Fresh from announcing record profit growth, Philippines specialty retail operator SSI Group says it plans to open 130 new stores this year. The expansion plan will be ramped up even further if current discussions with four international fashion brands not yet…
An online store recently launched in the Philippines by Stores Specialists will soon become the nation’s online gateway to global brands. Stores Specialists Inc is a member of the SSI Group, the number one lifestyle specialty retailer in the Philippines, a…
