By Jenniffer B. Austria | Posted on Jul. 09, 2013 at 12:00am
| [ manilastandardtoday.com ]
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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