Q1 2024 Philippine Retailing Magazine Q1 2024 | Page 10

7 RETAIL NEWS CAPSULE PHILIPPINE RETAILING

Goldilocks eyes 60 new stores by year-end

Building on last year ’ s momentum , Goldilocks Bakeshop , Inc ., a Filipino household brand under the SM Group , is planning to build 60 new stores this year to widen customer reach .
“ Aligned with the SM Group ’ s strategy to develop areas outside of the NCR , the Visayas and Mindanao regions offer strong growth potential as many areas there are still unserved and / or underserved ,” Goldilocks chairman Frederic C . DyBuncio said on Tuesday .
“ From a customer focus standpoint , we continue to be committed to their needs and wants by building 60 new Goldilocks stores , to create more delightful celebrations with our signature cakes and food offerings ,” he added .

2GO expands retail footprint , opens 100th store

2GO , the Sy-led transportation and logistics solutions provider , has expanded its retail footprint to hit its 100th store .
DyBuncio also concurrently serves as president and chief executive officer of SM Investments Corp . Last year , Goldilocks opened 41 stores , which brought its total to 926 stores nationwide , with over 40 percent of new locations situated in Visayas and Mindanao .
In 2023 , Goldilocks introduced new cake flavors such as Mango Dream , Rainbow Magic , Luscious Choco , and Merry Cherry Choco . Goldilocks ’ s network of over 76 multi-unit franchisees nationwide to date — mostly customers who turned business owners and partners was instrumental in growing the company ’ s footprint to reach more customers .
Source : www . tribune . net . ph , 02 / 20 / 24
through 2GO Express and FedEx and other services including package pick-up , cargo logistics and forwarding services .
2GO president and CEO Frederic DyBuncio said the company ’ s retail stores are strategically positioned to support and encourage nationwide business opportunities .
“ Through our network , Filipino entrepreneurs anywhere in the country can effortlessly showcase and distribute premium local products both nationwide and globally ,” he said .
Blessie Cruz , business unit head for 2GO Retail , said the expansion at Greenhills Shopping Center is strategic because it is known for being a thriving hub for small businesses . The shopping center is also host to a vibrant community of online sellers offering a diverse range of merchandise , from clothing to gadgets , and more .
The company , now part of SM Investments Corp . ( SMIC ), opened its new retail store at the Greenhills Shopping Center , extending its services closer to consumers , entrepreneurs and nearby residents .
A 2GO retail store serves as a one-stop destination , offering a wide array of 2GO services including ticket purchases for 2GO Travel and travel-related services ; document and parcel deliveries

Ayala Land earmarks P13B for renovation of four malls

Property giant Ayala Land Inc . is spending P13 billion to renovate and reinvent four of its premier shopping centers into “ iconic ” destinations amid increasing competition in the retail sector .
“ With 2GO ’ s presence , business owners in the vicinity can effortlessly ship their products worldwide ,” Cruz said .
2GO has a nationwide retail network of almost 3,000 outlets of company owned stores and retail partners through SM Business Centers , Alfamart , Waltermart , Fax Parcel and Print , Savemore and accredited agents . The company is into shipping and logistics and in the travel industry , 2GO is a choice for businesses , providing nationwide coverage and expertise in handling diverse cargo types .
Source : www . philstar . com , 01 / 21 / 24
The redevelopment will take two years to complete and will involve the builder ’ s TriNoma shopping center in Quezon City , the Glorietta and Greenbelt malls in Makati City and Ayala Center Cebu . It enlisted the help of global design firms such as Australia ’ s Buchan and CAN Design Ltd . of Hong Kong for the project .
“ This is the first time in our history that we will embark on renovating least four of our major flagship malls at once ,” Mariana Zobel de Ayala , senior vice president and head of leasing and hospitality at Ayala Land , said during a media briefing on Thursday .
Source : www . inquirer . net , 02 / 15 / 24 Image from CNBC