MANILA: The Philippines’ retail sector is expected to become a US$286-billion market by 2027, driven by the increasing number of sari-sari stores and supermarkets, as well as the explosive rise of e-commerce, according to the latest report of global management consulting firm Kearney. Private retailers are also trying to partner with sari-sari stores, via the (business-to-business) route,” the report added. Kearney’s report said that local supermarkets have also shown good growth and continue to be a leading retail channel. “Major players such as Puregold Price Clubs, Robinson Retail and SM Retail are expanding their footprint. Ayala, the Philippines’ premier mall chain, is enjoying a resurgence of luxury store openings, including Gucci, Tiffany & Co and Cartier,” said the report.

Source: The Star February 24, 2024 16:45 UTC