Robinsons Retail eyes $106 million retail rollout
Robinsons Retail will spend P5 billion (US$106 million) on new retail rollout planned for 2016 across Manila. The expansion lifts its capital expenditure by 59% from the P3.1 billion recorded last year in 2015.
One of The Philippines largest retail operators, Robinsons Retail expects to reach more than 200 stores in 2016 and continues to explore merger and acquisition opportunities.
“We have also gotten into a good start this 2016 with solid same-store sales growth for the first two months of the year as we benefited from increased consumer spending from a still robust domestic economy," said Robina Gokongwei-Pe, Robinsons Retail president and CEO.
"We will continue with our footprint expansion, with focus on areas outside Metro Manila Looking for potential mergers and acquisition continues to be part of our strategy in growing the business."
The retail firm currently operates 10 retail operatives under six retail models including department stores, supermarkets, home improvement stores, convenience stores, drug stores and specialty stores. As of end-2015, it was operating 1506 stores with total GFA of 974,000 square metres.
Robinson Retail boasts Burton Menswear, Dorothy Perkins, River Island, Shiseido and Topshop and Topman as part of its fashion and beauty segment.
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