1. News
July 19, 2015

Robinsons Retail to invest $132.1m to expand store network

Robinsons Retail is investing PHP6bn ($132.1m) in increasing its store count to 1,600 by the end of this year.

Robinsons Retail is investing PHP6bn ($132.1m) in increasing its store count to 1,600 by the end of this year.

As part of the expansion, the company plans to open up to 300 new stores across different formats, The Philippine Star reported.

Robinsons Retail operates supermarkets, department stores, DIY stores, convenience stores, drug stores, and specialty stores.

As of 31 December 2014, Robinsons had a portfolio of 1,327 stores, which included 111 supermarkets, 42 department stores, 161 DIY stores, 450 convenience stores, 320 drug stores, and 243 specialty stores.

Last year, the company opened 263 new stores across all formats with a selling space of 888,000m2.

Meanwhile, the retailer is also in talks with other global brand owners to bring new retail brand to Philippines.

Robinsons president and chief operating officer Robina Gokongwei-Pe said: "We may bring in other brands…we are still talking (with brand owners).

"We will continue to be on the look out for potential acquisitions that could add value to the company."

Robinsons Retail has also developed community malls known as Robinsons Townsville, where over 70% of the space would be leased to Robinsons Supermarket, Mini-Stop, Southstar Drug Store, Handyman and True Value.