Robinsons Retail Holdings Inc news

08 January 2021
One of the most common questions I get asked by businesses, is how will my market develop over the next few years. While there remains uncertainty over what the next 12 months will look like, there is a strong sense of optimism that 2021 will be a year to rebuild, but also capitalise on the opportunities that have arisen in the ‘new normal’ across Asia. With this in mind, we have identified five ...
19 October 2020
Robinsons Retail Holdings Inc. (RRHI) has acquired 100% ownership of Rose Pharmacy, a subsidiary of Dairy Farm. Another strategic agreement between Robinsons and Dairy Farm In a statement on Friday 16 th October, RRHI said it acquired Rose Pharmacy through its subsidiary South Star Drug Inc. from Mulgrave Corporation B.V., subsidiary of Dairy Farm. The value and other details of the acquis...
05 March 2020
Robinsons Retail has released a 22.8% growth in unaudited annual sales to PHP162.9bn (US$3.21bn).  1,938 company controlled stores by year end Robinsons grew LFL sales 3.4% during the year, while total sales growth was boosted by both new store openings and the consolidation of Rustan's Supercenters into the business. By the end of the year, the retailer had 1,938 stores trading, with an ad...
19 November 2019
Emart, owned by South Korean retail conglomerate Shinsegae, is set to open its first private label store No Brand in the Philippines. First of the 25 stores to open The retailer said in a statement that it would open its first No Brand store in Manila on 22 nd November. The store is located inside Robinsons Galleria Ortigas, a business district in Metro Manila. No Brand offers good valu...
08 November 2019
Robinsons Retail Holdings Inc, a leading retailer in the Philippines, posted lower profits in the third quarter despite growing 24.2% in sales over the same period. Net income declined over the nine months The company’s profit in the nine months to September was PHP2.88bn (US$57m), dropping 25% from a year ago. Its net sales grew 26.5% in the period to PHP116.2bn (US$2.3bn). Same store s...
03 July 2019
Robinsons, a leading retailer in the Philippines, is considering an exit from the fashion business and moving into premium grocery market and pet category. “ Put money where the growth is ” The Manila-based company, whose fashion portfolio includes Topshop and Dorothy Perkins, sees shrinking operating margins and growing competition in the fashion business, but better returns from pet, heal...
09 May 2019
Dairy Farm has released its results for the first quarter of 2019, with sales ahead of the same period last year. Food: large formats remain a challenge, convenience strong The Group’s multi-year transformation plan for its Supermarkets and Hypermarkets business is underway, but CEO Ian Mcleod previously estimated it will take the company five years to complete its turnaround plan.  Sales i...
07 May 2019
Robinsons has posted its annual results, with net sales up 15.1% to PHP132.8bn (US$2,556m). Strong set of annual results Robinsons posted net income of PHP5.1bn (US$98.5m) last year, an increase of 2.6% on the year previous. It achieved a 5.9% like-for-like (LFL) growth last year, mainly supported by a 6.1% increase in basket size in its supermarket business. In its convenience store bus...
31 October 2018
Robinsons, one of the leading grocery retailers in Philippines, reported a 9.8% increase in net income in the third quarter of this year. Robust like-for-like growth The growth is attributed to opening of new stores as well as robust like-for-like sales growth, which is up by 6.6% vs. the same period last year. Good performance across all formats Good performance can be observed acros...
20 August 2018
The Philippine Competition Commission (PCC) has approved the merger between Robinsons Retail Holdings Inc. and Dairy Farm's Rustan Supercenters Inc. Merger approved, deal to be completed soon... The acquisition by Robinsons Retail Holdings Inc. of a 100% stake in Rustan Supercenters Inc. has been approved by the PCC, and the deal is now expected to complete in the next couple of months. The...