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News and Events

PH's Biggest Retailer Is Building World's Largest IKEA Store

The first IKEA store in the Philippines will open by end-2020

Christian Rojkjaer, managing director, IKEA Southeast Asia; Steven Tan, SM Malls COO Steven Tan; and Georg Platzer, Market Development Manager and future IKEA store manager in Manila, IKEA PhilippinesSwedish furniture brand IKEA expects to open its first Philippine branch by the end of ...

by Lorenzo Kyle Subido  | November 20, 2018 03:00:00
Business Ideas

Batangas City Retailer Gives Bigger Shopping Malls a Run for Their Money

Despite tempting offers, Carlito Go refuses to sell his seven-branch CitiMart chain of groceries

Carlito Go is just two years shy from the usual retirement age of 65 but he still works like he just landed his dream job.More than three decades since founding Citimart, a small grocery established in 1986 that grew into a seven-store ...

by Elyssa Christine Lopez  | November 16, 2018 09:00:00
News and Events

Planning to Sell in Manila's Christmas Bazaars? Here's How the Rental Fees Compare

Costs rise the closer it gets to Christmas day and the nearer the venues are to major shopping malls

E-commerce may be the easiest way to set up shop today but many entrepreneurs still prefer selling in physical stores, if only because of the instant feedback one gets from customers and shoppers.And the onset of the long Christmas season in the ...

by Elyssa Christine Lopez  | November 05, 2018 09:00:00
Business Ideas

Stores' CCTV Footage Turned Into Retailing Insights, Thanks to AI Service Built by Millennial-Founded PH Startup

Other products count vehicle passengers seeing outdoor billboards, and guess profiles of tablet viewers to deliver right ads

While doing his internship with an alcoholic beverage maker, Raphael Layosa, then a third-year student at the UP College of Business Administration, noticed something truly odd. Tasked with monitoring the sales of hard drinks marketed to male customers, he observed that it was ...

by Cherrie Regalado  | October 18, 2018 09:00:00
News and Events

92% of E-Commerce Traffic in PH Goes to Only 4 Platfoms-And They're All Foreign Sites

iPrice released its latest ranking of 50 e-commerce platforms in the Philippines

According to “Digital in 2018,” an internet industry report published by social media agency We Are Social, consumer goods in the Philippines sold via e-commerce totaled $1.2 billion (Php62.3 billion) in value in 2017, a 23-percent increase from the year prior. The ...

by Lorenzo Kyle Subido  | October 09, 2018 09:00:00
News and Events

Meet Abao, the Tagalog-Speaking Robot Who'll Help You Find Stuff Faster in Supermarkets

A prototype of the service robot is now under development in New Kinpo Group's Batangas factory

Abao the robot greets guests at the NKG manufacturing plant in BatangasGuests making their way through the New Kinpo Group (NKG)’s manufacturing facility in Lipa, Batangas will inevitably come face-to-face with Abao, one of the company’s tech innovations and unofficial mascot.Rolling around ...

by Paul John Caña  | August 19, 2018 11:00:00
News and Events

Competition Body Clears Robinsons Retail's Acquisition of Rustan Supercenters

The go-signal comes without conditions unlike some of the recent deals approved by the PCC

The Philippine Competition Commission (PCC) has approved the merger between local retail firms Robinsons Retail Holdings Inc. (RRHI) and Rustan Supercenters Inc. (RSCI), the anti-trust body announced in a Commission Decision released August 16.“[T]he acquisition by Robinsons Retail Holdings Inc. of shares ...

by Lorenzo Kyle Subido  | August 17, 2018 05:00:00
News and Events

7-Eleven, Robinsons, Puregold or SM: Which Retailer Benefited the Most From TRAIN Law?

Giant store chains enjoy revenue boost in the first half of 2018 thanks to personal income tax cuts

The personal income tax cuts mandated by the Tax Reform for Acceleration and Inclusion (TRAIN) law that took effect in January 2018 may have been sizeable but their impact on overall economic growth is anything but.With higher take home pay, workers and employees ...

by Elyssa Christine Lopez  | August 17, 2018 01:00:00
News and Events

(LOOK) The Pillars of PH Retailing Who Drove the Industry's Growth in the Last Two Decades

In time for the country's biggest retailing summit, we present a visual overview of the industry's progress in recent years

As the country’s retailers gather for the industry’s main summit for the year – the National Retail Conference and Stores Asia Expo 2018 at the SMX Convention Center on August 9 and 10 – it may be timely to take a quick ...

by Entrepreneur Staff  | August 09, 2018 11:00:00
Franchising

76-Year-Old National Book Store Opens Business for Franchising

For an investment fee of Php6.4 million, you can now have your own NBS Express branch

National Book Store Managing Director Xandra Ramos-Padilla announced the news that the company will be open for franchising during a speech at the Philippine Franchising Association's Franchise Asia ConferenceNational Bookstore (NBS), the country's largest chain of books and school supplies store, is ...

by Elyssa Christine Lopez  | July 18, 2018 08:00:00
News and Events

4 Reasons To Attend the 25th National Retail Conference in August

The event organized by the Philippine Retailers Association will be held August 9 and 10 at the SMX Convention Center

The 25th installment of the annual National Retail Conference organized by the Philippine Retailers Association (PRA) is taking place on August 9 and 10 at the SMX Convention Center at the Mall of Asia Complex in Pasay City.With more than 800 major ...

by Pauline Macaraeg  | July 13, 2018 11:00:00
News and Events

Opening a Sari-Sari Store or Market Stall? Read This to Find Out If They're Growing or Shrinking

While various store formats are still expanding, some segments are actually in decline

According to the Philippine Association of Stores and Carinderia Owners, there are an estimated 1.3 million neighborhood or sari-sari stores in the Philippines. They were visited by 94 percent of shoppers, according to market research firm Nielsen in a 2015 study. These ...

by Lorenzo Kyle Subido  | July 10, 2018 11:00:00
News and Events

PH's Biggest Retail Event to Examine Reinventing Stores Amid Digital Disruption

National Retail Conference and Stores Asia Expo 2018 is happening on August 9 and 10

The biggest retail conference in the Philippines is happening on August 9 and 10 at the SMX Convention Center at the Mall of Asia Complex in Pasay City.Organized by the Philippine Retailers Association (PRA), the two-day National Retail Conference and Stores Asia ...

by Pauline Macaraeg  | June 27, 2018 04:00:00
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