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Robinsons expansion up

By Jenniffer B. Austria | Posted on Jul. 09, 2013 at 12:00am | [ ]
Robinsons Retail Holdings Inc., the retail unit of the Gokongwei group that is set to conduct an initial public offering, said it plans to expand into new retail segments to strengthen market position and increase efficiency.
Robinsons Retail said in a filing with the Securities and Exchange Commission it would explore expansion into other retail formats such as home furniture, sporting goods, school and office supplies and coffee shops to complement the existing portfolio.
It said aside from new retail formats, it was looking to acquire smaller local supermarket chains, drug store chains and home improvement stores.
Robinsons Retail had a portfolio of 944 stores nationwide with 430 stores in Metro Manila, 424 in Luzon, 56 in Visayas and 34 in Mindanao with a total net selling space of 552,701 square meters as of end-June 2013.
The company operates six retail segments, including department stores, supermarkets, home improvement stores, convenience stores, drug stores and specialty stores.

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