Robinsons Retail has reiterated its ambitious expansion plans, saying it plans to open 200 new outlets in 2016 alone.
The group said it will invest 5bn pesos (€96m) this year, a 20% increase from 2015. The money will be used to open 20 supermarkets, 20 mini-stop convenience stores, and around 160 drugstores under the ‘South Star’ banner.
Robinsons currently operates just under 1,520 outlets, which includes 124 supermarkets, 510 c-stores, 40 department stores, and around 400 drugstores. It also recently acquired a 51% stake in the 1,800-strong The Generics Pharmacy chain in the country.
Looking ahead, Robinsons Retail noted: “2016 is expected to be a good year. With the national elections in May coupled with the rising purchasing power of consumers fuelled by low fuel prices, we expect same store sales growth to stay healthy for the whole of 2016.”