Retailers/Metro Retail Stores Group/News

Metro Retail Stores Group news

16 August 2018
Philippines-based Metro Retail Stores Group has recorded a 9.5% increase in sales for the first half of 2018. Strong H1 results Metro Retail Stores Group has reported a strong set of H1 results, with PHP344m (US$6.4m) profit and strong same store sales growth of 4.6%. Frank Gaisano, Chairman and CEO of Metro Retail, said, "The year may have started on a challenging note, but our retail ...
21 March 2017
Metro Retail Stores Group, the fifth largest retailer in the Philippines, saw profits grew to PHP789m (US$15.7m) for fiscal year 2016, boosted by a strong fourth quarter. Reaping benefits from supply chain modernisation Last year, the group opened a new warehouse facility in Cebu with advanced storage and security features. The retailer also added tracking capabilities on their new trucks t...
29 March 2016
Philippines-based Metro Retail Stores Group Inc. (MRSGI) has revealed that net sales last year climbed 13.9% to PHP 32.3bn (US$697.3m), with profit growing 20.6% to PHP 758.6m (US$16.4m). Robust performance in 2015 The Philippines’ fourth-largest retailer, MRSGI sees same-store sales rise 8.8%, driven by the strong performance of its hypermarket, department store and supermarket formats...
18 February 2016
Philippines-based retailer Metro Retail Stores Group has outlined a plan to more than double the number of stores in the country within five years. Opening up to 70 new stores Metro Retail Stores Group, the Philippines’ fourth-largest retailer, is planning to expand its network by opening 50 to 70 new stores in the next five years, the majority of which will be located in the Visayas re...