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Biggest '11-11' shopping cart on Lazada PH worth P1.2 million

ABS-CBN News
Updated as of Nov 14 11:35 AM

Lazada said 1,141 sellers each tallied at least P1 million in sales, making them millionaires. It did not disclose the total value of goods sold during the 24-hour event, which was matched by rival Shopee. Read more »

SSI net income doubles in 3rd quarter, readies 2nd Shake Shack branch

ABS-CBN News
Posted at Nov 13 02:55 PM

Net income attributable to shareholders grew 107 percent in the quarter ended September to P175 million. Net income for the first 9 months rose 42 percent to P521.3 million, SSI Group said in a stock exchange filing.   Read more »

China retail giant Alibaba given OK for huge Hong Kong listing

Agence France-Presse
Posted at Nov 13 02:16 PM

Asia's biggest company will kick off a weeklong roadshow from Wednesday as it looks to garner interest from institutional and retail investors, said Hong Kong's South China Morning Post, which is owned by Alibaba.   Read more »

Alibaba's 11-11 sales hit record $38 billion

Josh Horwitz, Reuters
Posted at Nov 12 09:34 AM

The event, a gauge of Chinese consumer sentiment, has also become a shop window this year for Alibaba as it plans to sell $15 billion worth of shares in Hong Kong this month. The US-listed firm has spent big to diversify its business yet still earns over four-fifths of revenue from e-commerce. Read more »

John Gokongwei Jr. passes away at 93

ABS-CBN News
Updated as of Nov 11 01:55 PM

Gokongwei built a massive business empire that includes stakes in air transportation, food and beverage, retail, real estate and banking among others. Read more »

134 Noche Buena products keep prices this holiday season: DTI

ABS-CBN News
Posted at Nov 08 02:18 PM

Keso de bola, cheese, sandwich spread, mayonnaise, pasta spaghetti, elbow and salad macaroni, spaghetti sauce, tomato sauce and creamer products are among the items that maintained prices since last year, the DTI said in a statement. Read more »

Taas-presyo sa ilang Noche Buena products inaasahan

ABS-CBN News
Posted at Oct 29 08:34 PM

Ilalathala sa Huwebes ang bagong suggested retail price ng mga produktong madalas inihahanda tuwing Noche Buena, ayon sa opisyal ng Department of Trade and Industry. Read more »

Taas-presyo sa ilang Noche Buena products inaasahan

ABS-CBN News
Posted at Oct 29 05:03 PM

Ilalathala sa Huwebes ang bagong suggested retail price ng mga produktong madalas inihahanda tuwing Noche Buena, ayon sa opisyal ng Department of Trade and Industry. Read more »

Zara opens online shop in PH, expanding SSI's e-commerce footprint

ABS-CBN News
Posted at Oct 24 10:06 AM

The luxury retailer said zara.com/ph opened last Wednesday, offering Zara's complete collection for women, men and kids. Read more »

Barneys bidding starts, and it’s a bet on the future of shopping

Vanessa Friedman and Sapna Maheshwari, The New York Times
Posted at Oct 16 11:02 AM

The luxury department store chain declared bankruptcy in August and became a cautionary tale of retail hubris and the death of shopping as we once knew it. Read more »

More Filipino shoppers search for gift ideas online: Facebook study

Jessica Fenol, ABS-CBN News
Posted at Oct 10 06:53 PM

The use of mobile and other computer devices is becoming more “integral” in the holiday shopping behavior of Filipinos, taking “key roles” in the entire process even before the actual purchase happens, a Facebook study released Thursday showed.  Read more »

Singil sa kuryente posibleng bumaba sa Oktubre: Meralco

ABS-CBN News
Updated as of Oct 03 08:47 PM

Posibleng bumaba ang singil sa kuryente ng Meralco ngayong Oktubre, sabi ng opisyal ng kompanya ngayong Huwebes. Read more »

SM Prime to open third mall in Pangasinan

ABS-CBN News
Posted at Oct 02 01:02 PM

SM Center Dagupan is the group's 74th mall in the country, SM Prime said in a disclosure to the stock exchange. Read more »

May forever?: Forever 21 will continue to operate in PH, SM Retail says

ABS-CBN News
Posted at Oct 01 02:55 PM

Full operations of all 15 stores of Forever 21 in the Philippines will continue, SM Retail said in a statement.  Read more »

'UP FIGHT!' Fighting Maroons staunch patron rallies support after loss to Blue Eagles

ABS-CBN News
Updated as of Oct 01 08:55 AM

MANILA—The University of the Philippines' (UP) 89-63 loss to the Ateneo de Manila University (ADMU) is painful, but one staunch supporter remains bullish that the Fighting Maroons will bounce back from the crushing defeat. Read more »

Forever 21 files for bankruptcy: What it means for retail

Sapna Maheshwari, The New York Times
Posted at Sep 30 12:45 PM

Forever 21, the California retailer that helped popularize fast fashion in the United States with its bustling stores and $5 tops, said on Sunday night that it would file for bankruptcy, a sign of the eroding power of shopping malls and the shifting tastes of young consumers. Read more »

NZ sports store apologizes over porn played on big screens

Agence France-Presse
Posted at Sep 30 11:09 AM

The New Zealand arm of Japanese sports brand Asics has apologized after pornography was broadcast on large television screens above its central Auckland store for several hours, startling Sunday morning shoppers. Read more »

'Pag-import ng ilang gamot maaaring bumagal, itigil sa pagtapyas-presyo'

ABS-CBN News
Posted at Sep 27 07:35 PM

Umaalma na umano ang ilang pharmaceutical companies sa rekomendasyong babaan ang presyo ng 120 gamot. Read more »

Tapyas-presyo sa 120 gamot irerekomenda ng DOH

ABS-CBN News
Posted at Sep 26 09:38 PM

Kalahati ang mababawas sa presyo ng ilang mahahalagang gamot kapag napirmahan ang executive order para rito. Read more »

DOH to recommend price cuts on 120 high-cost medicines

ABS-CBN News
Posted at Sep 26 04:14 PM

Health Undersecretary Eric Domingo says Filipinos are still paying higher prices for medicine compared to people in other countries.  Read more »