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May 19, 2016updated 08 Nov 2021 8:29am

Puregold to launch online grocery store in Philippines

Philippine retail chain Puregold Price Club is set to launch an online grocery store this year.

Puregold

Philippine retail chain Puregold Price Club is set to launch an online grocery store this year.

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What’s the forecast for the food and grocery industry?

The food and grocery sector thrived during the pandemic, largely due to the shutdown of the food service industry and the sector’s subsequent necessity, panic-induced bulk purchasing, and spending more time at home. The market has grown as a result of inflation. Consumer unwillingness to go out and socialize, and the reopening of several hospitality facilities, helped maintain the demand for groceries, particularly online, in 2021. As consumer behavior changes, we consume more food and drink at home, and inflation increases basket sizes. GlobalData predicts that the sector will continue to hold a higher share than had been predicted prior to the pandemic. This is true despite the fact that the food and grocery sector's share of overall retail will decline from its peak in 2020. This report will discuss market forecasts and key themes in the global food & grocery industry in 2022 and beyond. It covers:
  • Market drivers and inhibitors
  • Five-year forecasts and the impact of COVID-19
  • The performance of the online channel versus offline
  • Major trends in the market including rapid delivery, ambient retailing, supply chain disruption, and inflation
Assess developments within this sector to help your business thrive in 2022 and beyond.
by GlobalData
Enter your details here to receive your free Report.

With this launch, Puregold expects to strengthen its position in the country, reported business.inquirer.net.

In addition to the website, customers can make grocery purchases through their smartphones. The online store service will initially be offered to its Tindahan ni Aling Puring (TNAP) members.

At first, the company intends to analyse consumer buying habits before accordingly making adjustments on the products to be offered online.

Puregold president Vincent Co was quoted by Philstar.com as saying: “We want to have a niche market first before we go full blast. Customers now are very demanding.”

“We want to have a niche market first before we go full blast.”

“So our online shopping is going to start with very targeted customers at first.

“We are studying it very carefully because we want to offer something different once we decide to go full blast with e-commerce.”

This online grocery store will be open for TNAP members within the third quarter of this year.

Puregold currently has 255 stores and expects to open around 25 new stores this year.


Image: Puregold Baliuag Bulacan plans to strengthen its presence in the country. Photo: courtesy of Judgefloro via Wikipedia.

Free Report
img

What’s the forecast for the food and grocery industry?

The food and grocery sector thrived during the pandemic, largely due to the shutdown of the food service industry and the sector’s subsequent necessity, panic-induced bulk purchasing, and spending more time at home. The market has grown as a result of inflation. Consumer unwillingness to go out and socialize, and the reopening of several hospitality facilities, helped maintain the demand for groceries, particularly online, in 2021. As consumer behavior changes, we consume more food and drink at home, and inflation increases basket sizes. GlobalData predicts that the sector will continue to hold a higher share than had been predicted prior to the pandemic. This is true despite the fact that the food and grocery sector's share of overall retail will decline from its peak in 2020. This report will discuss market forecasts and key themes in the global food & grocery industry in 2022 and beyond. It covers:
  • Market drivers and inhibitors
  • Five-year forecasts and the impact of COVID-19
  • The performance of the online channel versus offline
  • Major trends in the market including rapid delivery, ambient retailing, supply chain disruption, and inflation
Assess developments within this sector to help your business thrive in 2022 and beyond.
by GlobalData
Enter your details here to receive your free Report.