Villar's AllHome eyes compact stores as retailers adapt to virus

ABS-CBN News

Posted at Jun 18 2020 09:06 AM

Villar's AllHome eyes compact stores as retailers adapt to virus 1
The facade of an AllHome store is shown in this photo from the home and construction supplies retailer's Facebook page. Photo from AllHome Facebook

MANILA -- The Villar group's AllHome said Thursday it would open "compact" versions of its home and construction stores in residential communities to attract shoppers who want to stay close to their homes during the pandemic.

Dubbed Quick Fix, the neighborhood store version of AllHome will carry DIY and home improvement materials, hardware, furniture, appliances, home ware and linens, according to a stock exchange filing.

"With the lockdown easing out and when the economic situation improves, AllHome may see itself opening more new stores, given its capability to fast track fit-out construction," said AllHome Vice Chairman Camille Villar.

AllHome Quick Fix will seek synergy with the Villars' property arm, Vista Land, according to the disclosure. The compact stores will be located beside AllDay convenience stores.

AllHome has 45 stores nationwide, 22 of which were added in 2019. Revenues in the first quarter rose 41 percent.

The Philippines eased an 11-week-long lockdown on Metro Manila and other urban areas last June 1, among the world's longest to contain the spread of the coronavirus.

A general community quarantine is in place until June 30, during which business, work and public transportation are limited despite gradual easing of restrictions.