Retailers/Puregold/News

Puregold news

28 April 2023
Our global analysts share some of the latest headlines across the globe. Here's what you need to know. From Europe REWE is the latest German retailer to partner with European crowd-shipping market leader Shopopop Aldi Sud’s ‘best from the region’ private label concept is growing, with it seeking to benefit from the popular German asparagus season Drugstore retailer Rossmann expands its ...
31 March 2023
The Philippines’ second largest retailer Puregold Price Club Inc (PGOLD) reported its FY 2022 consolidated net income of Php 9.3bn, an increase of 13.5% compared to last fiscal year. Strong performance throughout pandemic Recently, Puregold was named as the Philippine’s Most Chosen Retailer according to Kantar, a leading global data analytics provider. Puregold has sustained a growth path thr...
08 January 2021
COVID-19 may have dampened the mood this year, but major retailers in the Philippines launched programs to keep the joyful vibe over the Christmas season. SM Retail launched a Christmas Flash Mob and Tiktok dance challenge Despite longer operating hours to manage the influx of shoppers, the largest retailer SM Markets continued to provide shoppers with entertainment while implementing safe ...
04 February 2019
The Philippines’ second largest retailer is expanding towards new geographic locations by opening stores and acquiring grocery retail chains nationwide. New stores opening The group is to open 25 more stores and four S&R membership warehouse stores this year. The four S&R membership warehouse stores to be opened this year will be located in Metro Manila, Southern Luzon and outside Metro Man...
27 April 2018
Puregold, which operates Lawson convenience stores in the Philippines, has agreed to return its 70% stake in the business back to its Japan-based partner, Lawson. Uncertainty at Lawson in the Philippines In 2014, Puregold partnered with Lawson to setup PG Lawson, which in turn operated Lawson convenience stores across the the Philippines. It had originally targeted 500 stores by 2020, but e...
28 November 2017
The Securities and Exchange Commission (SEC) has approved a deal that will lead to the merger of Puregold Price Club (Puregold) and three acquired grocery chains in the Philippines. The deal... Under the deal, Puregold will issue paid-in capital of up to PHP922.7m (US$10.9m), and also pay for PHP14.5m (US$287,855) common shares. The merger will see the three Estenso Equities supermarket com...
22 September 2016
The Philippines’ leading supermarket chain Puregold is strengthening its presence in the Visayas and Mindanao provinces amid steady double-digit growth in sales. Steady expansion to drive sustained growth Antonio delos Santos, Puregold vice president for operations said that the expansion is in line with the company’s annual 25-store expansions annually and a double-digit growth of between ...
09 September 2016
The Villar Group has revealed that it is investing an additional PHP1.4b (US29.6m), through its retail arm All Value Holdings, to expand its All Day Supermarket chain in the Philippines. 10 new stores in two years All Day Supermarket saw its third and largest outlet open last week in Vista Mall Sta. Rosa in Laguna. This followed the opening of the first two stores in Vista Mall in Tag...
11 August 2016
The leading retailer in the Philippines Puregold has reported a set of solid results for H1, with 18.3% increase in consolidated net sales to PHP51.1bn (US$1.1bn). Strong consumer demand drives growth Puregold consolidated net sales increase by 18.3% to PHP51.1bn (US$1.1bn) in the first half of 2016, due to the strong consumer demand from its existing Puregold, S&R stores and S&R New York...
05 April 2016
Japanese retailer Lawson plans to step up its operations in the Philippines, as well as other overseas markets. Opening flagship store in the Philippines Lawson has launched the 20th Lawson store in Manila. It’s described as its flagship branch in the country, offering unique and high-end products. Partnering with the local retailer Puregold, Lawson entered the Philippine market in 20...