retail news and updates

Rappler's latest stories on retail

ARTICLE FINDER

Gov't sets suggested retail prices for rice

Oct 28, 2018 - 2:25 PM

Agriculture Secretary Emmanuel Piñol warns that traders who will not follow the SRPs would face jail time and a fine of up to P1 million

The secret behind MUJI's design as told by Kenya Hara, art director

Oct 28, 2018 - 8:00 AM

Hara talks about the popular household brand's design philosophy of 'emptiness' and what it means

MUJI’s art director Kenya Hara is coming to Manila

Oct 11, 2018 - 6:31 PM

...and he'll be giving a talk at the De La Salle University

French luxury giants dive into Silicon Valley

Jul 29, 2018 - 2:21 PM

'If you really think about it, Steve Jobs had a disastrous dress sense,' says Paris School of Luxury co-founder Eric Briones

HERMES. This file photo taken on June 8, 2017 shows leather wallets displayed at Hermes leather workshop in Saint-Junien, central France. In May 2018 Hermes has opened its 34th US boutique in Palo Alto in the posh area of California. Photo by Martin Bureau/AFP


Agriculture department sets suggested prices for rice, other goods

Jun 25, 2018 - 3:30 PM

The Department of Agriculture gives suggested retail prices for rice, fish, onions, and garlic to stabilize prices

Biggest Uniqlo store in Southeast Asia to open at Glorietta 5

May 14, 2018 - 12:10 PM

It will be the Japanese clothing brand's 15th global flagship store in the world

GLOBAL FLAGSHIP STORE. The biggest Uniqlo store in the country and the region will soon be opening in Makati City. Image courtesy of Uniqlo Philippines

SM gets income boost from property, retail units

May 09, 2018 - 3:35 PM

The listed conglomerate of the Philippines' richest man posts a 10% rise in net income for the 1st quarter of 2018, thanks to its core businesses

STRONG RESULTS. SM president Frederic DyBuncio says: 'We continue to build on our strong 2017 performance with revenues rising faster in the first quarter this year.' Photo by Rob Reyes/Rappler

Bayan Muna asks SC to clarify TRO on retail electricity suppliers

Apr 24, 2018 - 8:10 PM

The group says the 'sweeping' temporary restraining order earlier issued by the Supreme Court 'has given monopolies like Meralco the advantage'

Taxes on sugary drinks hurt sari-sari stores – survey

Apr 19, 2018 - 4:40 PM

A Nielsen study shows consumers have been drinking less sugary drinks and even taking items out of their grocery baskets, as prices rose with the implementation of the tax reform law

PRICE HIKES.The retail price of a one-liter bottle of Coca-Cola, for instance, is projected to increase to P43 from the current P31, due to the tax reform law. Photo by Chrisee Dela Paz/Rappler

Gokongwei-led RRHI acquiring Rustan’s supermarket chain

Mar 23, 2018 - 10:08 PM

Robinsons Retail Holdings announces a P18-billion share swap deal to purchase the grocery chain operator from the Dairy Farm Group

11 things you can now buy for cheaper from Muji

Mar 13, 2018 - 2:28 PM

That zen aesthetic doesn't have to cost an arm and a leg anymore

No importation approval yet amid NFA rice shortage

Feb 07, 2018 - 4:05 PM

National Food Authority Administrator Jason Aquino says their total inventory of about 1.2 million bags will last for only 35 days

LASTING POWER. Domestic rice stock is good enough to last 69 days according to the NFA. File photo by Rappler

Muji's new collection keeps it casual and cool

Jan 31, 2018 - 1:37 PM

The Japanese brand's trademark minimalist style is all over its Spring-Summer lineup

Clark airport maintenance among PPP projects set for rollout in 2018

Dec 18, 2017 - 7:36 PM

The PPP Center is also eyeing 5 to 8 water projects under some local government units

Robinsons Retail invests in BeautyMNL operator

Dec 13, 2017 - 8:00 PM

The Gokongwei-led firm takes a 20% stake in the operator of the e-commerce site for an undisclosed amount

John Gokongwei proves family-run conglomerates work

Nov 27, 2017 - 8:40 PM

The JG Summit founder says the conglomerate has maintained its core values and long-term vision even as it went public and reached out to global markets

FAMILY MATTERS. John Gokongwei Jr (center) poses with his family after receiving MAP's Management Man of the year for 2017 in a ceremony held on November 27 in Taguig City. Photo by Alecs Ongcal/Rappler

BPI debuts 'fresh, bright' design for branches

Nov 21, 2017 - 10:25 PM

'[BPI] is not seen as open and as bright as competitors....but here it's fresh, bright, and it's a very modern look,' says BPI executive vice president Joseph Gotuaco

Dennis Uy's Phoenix Petroleum inks deal to buy FamilyMart

Oct 30, 2017 - 2:55 PM

The planned acquisition of FamilyMart's Philippine franchise from Ayala Land and the SSI Group would mark Phoenix Petroleum's entry into the fast-growing domestic convenience retail market

PH plans to lower required capital for foreign retailers

Oct 02, 2017 - 3:15 PM

From the required minimum paid-up capital of $2.5 million under Philippine law, the government wants to make it $200,000 – a 92% cut

RELAX RESTRICTIONS. The plan to liberalize retail trade would form part of the 'shortened' list of investment areas or activities reserved solely for Filipinos, which is set to be released by the government by end-2017. File photo

Robinsons Retail Holdings to replace EDC on PSEi

Sep 26, 2017 - 5:00 PM

This comes as the soon-to-be delisted EDC's public float drops below the 12% minimum requirement

Toys 'R' Us in PH unaffected by U.S. toy store chain's bankruptcy filing

Sep 20, 2017 - 8:25 PM

Operated by the Gokongweis, Toys 'R' Us Philippines clarifies it is not part of Toys 'R' Us Incorporated's bankruptcy filing in the United States

NORMAL OPERATIONS. It is business as usual for Toys 'R' Us Philippines, which operates 34 stand-alone stores and 44 Toybox outlets inside Robinsons Department Store branches. File photo

Gagal capai target, sejumlah department store ditutup

Sep 20, 2017 - 7:55 PM

Persaingan antara toko offline dan online perlu diatur sehingga tidak saling mematikan

JGOS 2017. Gelaran 'Jakarta Great Online Sale 2017' resmi dibuka pada Rabu, 14 Juni. Ajang ini akan berlangsung mulai 15 hingga 22 Juni. Foto oleh JGOS 2017

Bayan Muna asks SC to compel telcos to refund P18-B 'excess' text fee

Sep 19, 2017 - 9:49 PM

The petition covers Globe Telecom, Smart Communications Incorporated, and Digitel Philippines Incorporated, which is the operating company of Sun Cellular

INTERVENTION. Bayan Muna wants the Supreme Court to intervene and green light the refund order against telecommunication companies.

Philippine retail industry gears up for the future

Aug 14, 2017 - 7:45 PM

While e commerce is a force that won t be held back traditional brick and mortar retailers are in the best position to take advantage of that revolution according to the Philippine Retailers Association

Davao City Mayor Sara Duterte-Carpio during the Philippine Retailers Association Stores Asia Expo '17 at the SMX Convention on August 10, 2017.

Change or die: American malls confront Amazon era

Aug 13, 2017 - 8:40 PM

The changes to malls are part of a fundamental industry rethink as e commerce takes market share and alters consumer expectations

Shoppers walk through the Columbia Mall on July 24, 2017 in Bloomsburg, Pennsylvania.  Mall space is being repurposed as more department store chains close stores that have traditionally served as "anchors" at malls. Abandoned by the big brands, deserted by the young, the American mall, once temples of the shopping, have become ghost towns, victims of the explosion of online shopping. / AFP PHOTO / Don Emmert / TO GO WITH AFP STORY by John BIERS, "Deserted, US shopping centers look for a future"

NFA assures public: No fake rice in PH

Jun 23, 2017 - 12:01 PM

Tests conducted by the Food Development Center on alleged fake rice samples have yielded negative results

BEWARE. Filipino consumers are being urged to be more vigilant in buying rice following reports, though still unverified, that fake rice might have infiltrated the Philippine market.

Espenilla's target: Break new ground for financial inclusion

May 13, 2017 - 2:39 PM

Incoming BSP Governor Espenilla says It’s easy because essentially I’m here doing a job… Our mandate is clear and our constituency is clear: I serve the public

Bangko Sentral ng Pilipinas New Governor Nestor Espenilla speaks with the members of media during press briefing at BSP Complex in Manila. Photo by Inoue Jaena/Rappler

Espenilla promises continuity, more financial innovation at BSP

May 09, 2017 - 9:10 PM

The new governor of the Bangko Sentral ng Pilipinas outlines his plans to maintain the country s monetary stance as well as expand the debt market and digital payments

Bangko Sentral ng Pilipinas New Governor Nestor Espenilla speaks with the members of media during press briefing at BSP Complex in Manila. Photo by Inoue Jaena/Rappler

Gov't to offer P30 billion in 3-year retail treasury bonds

Mar 23, 2017 - 8:15 PM

This will be the 2nd retail bond offering under the Duterte administration which raised around P100 billion from a similar offering in September 2016

William Belo: Doing business like a crocodile

Mar 14, 2017 - 12:43 PM

After 40 years Belo s home improvement company Wilcon is now a compelling retail player with a network of 36 big box’ and community stores

BIG BOX FOUNDER. William Belo to list home improvement retailer Wilcon Depot, which he found 40 years ago

Property, banking fuel SM Investments' net income

Mar 01, 2017 - 9:10 PM

The Sy family s property and banking businesses continue to drive their conglomerate s financial performance

UPBEAT. SMIC says its property unit accounted for 39% of total earnings in 2016, with banks comprising 37% and retail 24%. Photo by Chrisee Dela Paz/Rappler

Landers Superstore to open in ArcoVia City and Alabang West

Jan 19, 2017 - 2:55 PM

Two of Megaworld’s newest township developments ArcoVia City and Alabang West will soon be home to Landers Superstore

NEW PARTNERSHIP. Landers and Megaworld executives sign agreement to put up superstores in Megaworld's two townships. Photo by Megaworld

18th Global Pinoy Bazaar: Celebrating the Filipino Christmas

Dec 21, 2016 - 4:55 PM

The 18th Global Pinoy Bazaar was the biggest Yabang Pinoy bazaar for the year with over 250 local brands featuring local crafts and artistry

US Black Friday: more shoppers but less spent per head

Nov 28, 2016 - 9:36 AM

Sales over the Thanksgiving holiday which extends into so called Cyber Monday are a good indicator of the health of US consumer spending

BIG HAUL. Shoppers with their arms full walk to their cars during the 'Black Friday' sales at a Best Buy store in Culver City, California on November 25, 2016. Mark Ralston/AFP

H&M’s Black Friday Sale: Up to 70% off on their new collection and more items

Nov 24, 2016 - 10:36 AM

The retail giant will hold its first Black Friday frenzy in the Philippines on November 25 to 27

Electronic clearing of checks to start January 2017 – BSP

Sep 14, 2016 - 5:13 PM

The new check clearing process is expected to speed up the crediting of funds to depositors accounts from 3 to 5 banking days to only one banking day

Alibaba revenue in biggest leap since IPO

Aug 11, 2016 - 9:05 PM

UPDATED Revenue for the e commerce giant soars to 4 83 billion in the June quarter

(FILES) This file photo taken on September 19, 2014 shows Chinese online retail giant Alibaba founder Jack Ma smiling as he waits for the trading to open on the floor at the New York Stock Exchange in New York. Chinese e-commerce giant Alibaba saw revenues leap 59 percent year-on-year for the quarter ended in June, it said on August 11, 2016, accelerating growth from the previous quarter.  / AFP PHOTO / JEWEL SAMAD

SSI Group's net income dips as it closes 81 stores

Aug 09, 2016 - 1:35 PM

As part of its store rationalization program SSI Group also books losses on disposals of property and equipment worth P33 5 million

STORE RATIONALIZATION. As of end-June this year, SSI Group operates 737 stores, down from 771 stores. Image from Stores Specialists, Inc. website

Robinsons Retail buys stake in De Oro Pacific

Aug 01, 2016 - 5:03 PM

Robinsons Retail currently operates 152 mall based DIY hardware stores including 132 Handyman Do It Best stores 19 True Value stores and two True Home stores

EXPAND FOOTPRINT. As of end 2015, Robinsons Retail operated 1,506 stores with total gross floor area of 974,000 square meters. Photo from the company's website

How cashless transactions make your life easier

Jul 13, 2016 - 1:09 PM

There are times when bills and coins are necessary As life gets increasingly more digital however cashless will be the better way to go

Hans Sy retiring as SM Prime president

Jul 05, 2016 - 8:00 PM

But Sy will remain highly involved in the company s overall strategic direction as chairman of SMPHI s Executive Committee and member of the board

BOW. SM Prime President Hans T. Sy leads the opening of SM Angono, the company's 50th mall, on Friday, November 14, 2014. Photo from SM Supermalls Facebook page

Uniqlo bans Bangladesh travel after killings

Jul 04, 2016 - 10:53 PM

Tokyo based Fast Retailing which operates Uniqlo says it told 10 Japanese employees not to leave their houses until further notice

UNIQLO. Japanese fashion brand Uniqlo Co.'s new megastore in downtown Tokyo, Japan, September 27, 2012. File photo by Everett Kennedy Brown/EPA

Zara owner Inditex's profits beat expectations

Jun 15, 2016 - 8:00 PM

Inditex also says it opened stores in Aruba Nicaragua and Paraguay in the first quarter of 2016 extending its reach to 91 markets and 7 085 shops

epa00680545 Undated company handout photo released Wednesday 29 March 2006 showing the Zara store in Shanghai, China. Spanish apparel retailer Industria de Diseno Textil, commonly know as Inditex, who owns Zara, has released its annual results for 2005, announcing an increase in profit of 26% compared to 2004. EPA/HO

ERC to Meralco: Don't block retail competition and open access

Jun 03, 2016 - 8:13 PM

ERC Chairman Jose Vicente Salazar says he finds no strong reason for Meralco to block a mechanism which would be good for the retail customer base in its present service area

ENERGY REFORMS. An open access regime allows electricity end-users with an average monthly peak demand of one megawatt to choose their electricity service supplier.

Marks & Spencer logs lower profits, warns on turnaround plans

May 25, 2016 - 11:00 PM

The retail giant s new boss predicts its performance would weaken further due to an overhaul in its clothing division and tough trading conditions

epa03230264 Pedestrians walk past a Marks and Spencer store in London, Britain, 22 May 2012. Marks and Spencer reported a 16 per cent fall in annual profits 22 May. EPA/ANDY RAIN

US retail giants feel pain as online shopping hits

May 15, 2016 - 12:55 AM

Online retail sales are surging while clothing stores are seeing slower growth as more consumers trade malls for smartphones

epa05091928 (FILE) A File picture dated 26 November 2013 of Macy's company brand sign in New York, USA. US retailer Macy's on 06 January 2016 had announced the closure of 36 of its stores, axing an estimated 4,500 jobs. EPA/PETER FOLEY

Sales slump worsens at fashion group Gap

May 11, 2016 - 9:20 PM

Key challenges include competition from fast fashion chains like H M and Uniqlo

epa02612287 United States apparel maker GAP Inc.'s new flagship store in the up-market Ginza shopping district in downtown Tokyo, Japan, 03 March, 2011. The store is part of GAP's recent move into the Asian market. The company also plans to open 11 stores this year in Hong Kong and China. EPA/EVERETT KENNEDY BROWN

FamilyMart PH operator's net income declines in 2015

Apr 14, 2016 - 4:45 PM

SSI s FamilyMart faces increased competition following the expansion of Japanese brand Lawson

LOSSES. SSI Group's share in the net losses of the convenience store FamilyMart and department store Wellworth increased last year

Tokyo stocks rally as Uniqlo operator soars on price-cut news

Apr 13, 2016 - 8:15 PM

Uniqlo boss Tadashi Yanai says raising prices was a mistake

epa01987680 View of Uniqlo flagship shop in Tokyo's exclusive Ginza shopping district, 13 January 2010. Fast Retailing Co. announced plans to open a series of new Uniqlo stores on the U.S. East and West coasts following success of first U.S. store in New York. Plans are also underway to open stores in Spain and Germany in the near future, according to company president, Tadashi Yanai. EPA/EVERETT KENNEDY BROWN

Alibaba to buy $1B controlling stake in Lazada

Apr 12, 2016 - 4:26 PM

Alibaba says the investment consists of 500 million newly issued equity capital by Lazada and shares from existing shareholders – for a total of 1 billion