9 RETAIL NEWS CAPSULE PHILIPPINE RETAILING
Robinsons Retail eyes larger market share for drugstore business
Gokongwei-led Robinsons Retail Holdings , Inc . ( RRHI ) said it aims to expand its presence in the drugstore segment .
“ We believe there is an opportunity to increase market coverage for all our banners , as there are many municipalities and barangays in the Philippines that still lack drugstores ,” said RRHI President and Chief Executive Officer Robina Y . Gokongwei-Pe during the company ’ s virtual annual shareholders meeting .
“ Our aspiration for the drugstore segment is to simply become more accessible to our customers . By doing so , we aim to boost our market share and brand value ,” she added .
RRHI has a presence in the drugstore segment through brands such as South Star Drug , TGP , and Rose Pharmacy .
Ms . Pe also said that RRHI is prepared to capitalize on potential mergers and acquisitions ( M & As ) in the drugstore segment that could enhance the company ’ s value and presence .
“ In terms of major acquisitions , we are always on the lookout for value-accretive M & As . Should there be an opportunity , we will be ready to capitalize ,” she added .
On RRHI ’ s overall store expansion , Ms . Pe stated that the company is looking to expand beyond the National Capital Region .
“ With 30 % of our stores located in Metro Manila , we want to accelerate our expansion outside the capital . In terms of formats , we ’ re looking to open more of our core supermarket and drugstore banners ,” she said .
As of end-March , RRHI has 2,399 stores , including 756 food segment stores , 1,072 drugstores , 50 department stores , 224 DIY stores , and 297 specialty stores . The company also has more than 2,100 franchised stores of pharmacy-chain TGP .
bworldonline . com , 05 / 13 / 24
Metro style
Singaporean clothing brand Love , Bonito to open first physical store in Makati this year
Love , Bonito , a popular Singaporean women ' s clothing brand , is coming to the Philippines ! In a media luncheon Love , Bonito CEO Dione Song announced that its first brick-and-mortar store in Manila is set to open in Greenbelt 3 later this year .
" The Philippines remains one of our fastest growing markets , with a constant double-digit year-on-year growth since 2019 ," Dione said during the event .
" The pop-ups and showrooms we ' ve done locally gave us much insight into our local customer base as well as the mall culture . With this , we ' re thrilled to open our first store in a few months !" she added .
During the media luncheon , Love , Bonito co-founder Rachel Lim also expressed her excitement for the brand ' s upcoming physical store in the country .
" With our upcoming physical store , our Filipina customers can now experience our collections firsthand , join workshops , and styling sessions , and be part of our vibrant community events ," she said .
" After five years of shipping to the Philippines , we ' re thrilled to announce the opening of our very first permanent store here ," she added .
Love , Bonito is known for its clothes that are specifically made with Asian women in mind . Among its bestselling products is the Rachel Ruched-ready Blazer , a revolutionary blazer that comes with sleeves that stay up without the need for rubber bands .
Source : www . tribune . net . ph , 02 / 20 / 24