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SM plans to open 5 to 7 malls each year in next 5 years, says COO

Jessica Fenol, ABS-CBN News
Updated as of Jun 21 04:27 PM

The key to staying relevant today is changing the retail mix and by "elevating" customer service, SM Supermalls COO Steven Tan told ABS-CBN News on the sidelines of the Philippine Retailers Associations OFR Awards night.    Read more »

Jollibee’s Tony Tan Caktiong to local businesses: Believe you can become world class

Jessica Fenol, ABS-CBN News
Updated as of Jun 21 12:40 PM

Jollibee Foods Corp. founder and chairman Tony Tan Caktiong on Thursday said he wanted the success of his food empire to inspire local business to compete globally. Read more »

Retail liberalization will attract more investors, says British Chamber of Commerce

ABS-CBN News
Posted at Jun 19 09:43 PM

Chris Nelson, chairman of the local British Chamber of Commerce, said although foreign investments in the country have gone up the Philippines still trails its neighbors.  Read more »

Amazon says drone deliveries coming 'within months'

Agence France-Presse
Updated as of Jun 06 07:52 AM

Amazon said Wednesday it expects to begin large-scale deliveries by drone in the coming months as it unveiled its newest design for its "Prime Air" fleet.   Read more »

Duterte asks Senate to pass foreign investment, retail trade bills

ABS-CBN News
Updated as of Jun 03 11:56 PM

In a letter addressed to Senate President Vicente Sotto III, Duterte called for the "immediate enactment" of amendments to the Public Service Act, Foreign Investments Act, and the Retail Trade Liberalization Act.  Read more »

British Chamber again bats for retail liberalization, ease of business

ABS-CBN News
Posted at May 16 07:17 PM

The British Chamber of Commerce Philippines said it expects the new members of the Senate to tackle business reforms to help the Philippine economy. The British Chamber of Commerce Philippines said it expects the new members of the Senate to tackle business reforms to help the Philippine economy. Read more »

US economy showing signs of strain amid escalating trade war

Heather Scott, Agence France-Presse
Posted at May 16 12:52 AM

The US economy is showing more signs of strain amid President Donald Trump's multi-front trade war, with a sharp slowdown in manufacturing and a pullback by American shoppers.   Read more »

Google, Amazon rivalry heats up in retail, digital ads

Daisuke Wakabayashi and Karen Weise, The New York Times
Posted at May 15 08:08 AM

Google’s latest move into Amazon’s core business is playing out as the retail giant makes gains in what has traditionally been the search company’s home turf: digital advertising. Read more »

Walmart speeds up delivery in race with Amazon

Agence France-Presse
Posted at May 15 03:18 AM

Retail colossus Walmart on Tuesday began offering free next-day deliveries of online purchases, aiming to counter rival Amazon in the race to get orders to consumer doorsteps. Read more »

Bawas-presyo sa mga pangunahing bilihin, inihihirit

ABS-CBN News
Posted at May 08 01:12 AM

Kasunod ng pagbagal ng inflation nitong Abril, humihirit ng rollback sa suggested retail price ang isang grupo ng mga konsyumer. Read more »

DoubleDragon's Sia ventures into grocery business with MerryMart

ABS-CBN News
Posted at Apr 30 11:26 AM

MerryMart is located in Sia's own DoubleDragon Plaza. It will the first of the planned 1,200 branches, Injap Investments Inc said in a statement. Read more »

Amazon first-quarter sales beats estimates

Reuters
Posted at Apr 26 07:33 AM

Amazon.com Inc on Thursday topped first-quarter sales estimates as the world's biggest online retailer benefited from soaring demand for its cloud and advertising businesses and a surge in online shopping. Read more »

Presyo ng manok, bigas, bumaba; gulay, tumaas sa Commonwealth Market

ABS-CBN News
Posted at Apr 25 10:01 AM

Tumaas ang presyo ng ilang gulay, habang bumaba naman ang presyo ng manok at ilang klase ng bigas sa Commonwealth Market ngayong Huwebes.  Read more »

Price cap sa asukal isinusulong ng consumer group

ABS-CBN News
Posted at Apr 23 12:14 AM

Ipinapanukala ng isang consumer group ang pagpataw ng suggested retail price sa asukal. Read more »

3-in-1 na kape, asin, lalagyan na ng SRP: DTI

ABS-CBN News
Updated as of Apr 11 01:08 PM

Isasama na sa listahan ng mga produktong may suggested retail price o SRP ang asin at 3-in-1 coffee, ayon sa Department of Trade and Industry. Read more »

Jeff Bezos keeps Amazon voting power in divorce settlement

Jeffrey Dastin and Arjun Panchadar, Reuters
Posted at Apr 05 06:32 PM

The world's richest couple had announced their impending divorce in a joint Twitter statement in January, causing some to worry that Jeff Bezos could wind up with less Amazon voting power or that he or MacKenzie would liquidate large positions. Read more »

‘To mall or not to mall’: Finding the best place for business

Jessica Fenol, ABS-CBN News
Updated as of Mar 28 05:09 PM

During the Franchise Asia Philippines 2019 International Conference, the Philippine Franchise Association (PFA) engaged mall operators and entrepreneurs in a debate called “To Mall or Not to Mall: Which is Better for my Business.” Read more »

Robinsons Retail 2018 net income rises on bump from tax reform

ABS-CBN News
Posted at Mar 19 10:07 AM

Net income attributable to shareholders rose 2 percent to P5.1 billion. Core net earnings, which excludes interest from bonds, equitized net earnings from Robinsons Bank and non-recurring expenses rose 6 percent to P5 billion. Read more »

Production bottlenecks to hobble Adidas in 2019

Agence France-Presse
Posted at Mar 13 06:15 PM

German sporting goods maker Adidas said Wednesday it booked vaulting profits in 2018, but crimped its expectations for this year as it runs into limits on production capacity. Read more »

Megaworld, Empire East to develop P20-billion township in Cainta

ABS-CBN News
Posted at Mar 11 01:49 PM

Highland City, the 24-hectare property in F. Felix Avenue in Cainta, Rizal, will house the Highland Mall, which has a gross floor area of 58,000 square meters, Megaworld said in a disclosure to the stock exchange.  Read more »