{"id":330578,"date":"2024-11-25T15:47:33","date_gmt":"2024-11-25T07:47:33","guid":{"rendered":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/?p=330578"},"modified":"2024-11-25T15:47:38","modified_gmt":"2024-11-25T07:47:38","slug":"trade-the-news-rrhi-to-boost-store-count-over-next-5-years","status":"publish","type":"post","link":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/trade-the-news-rrhi-to-boost-store-count-over-next-5-years\/","title":{"rendered":"Trade the News: RRHI to boost store count over next 5 years"},"content":{"rendered":"\n
Potential Impact of this News<\/strong><\/td>POSITIVE on the stock price<\/strong><\/td><\/tr>
Company<\/strong><\/td>Robinsons\u00a0Retail Holdings, Inc.<\/td><\/tr>
Stock Code<\/strong><\/td>RRHI<\/td><\/tr>
Long-term Recommendation on the Stock<\/strong><\/td>Buy<\/td><\/tr>
1-Year Target Price<\/strong><\/td>PHP 65.76<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n
<\/div>\n\n\n\n

ROBINSONS Retail Holdings, Inc. (RRHI) targets to ramp up its store openings over the next three to five years as part of its strategic growth initiatives, a company official said.<\/p>\n\n\n\n

\u201cIn the next three to five years, we plan to accelerate our store openings and increase the top line,\u201d RRHI Vice-President for Corporate Planning and Investor Relations Gina R. Dipaling said during a virtual briefing on Wednesday.<\/p>\n\n\n\n

\u201cOn margins, it\u2019s largely driven by changes in category mix, increasing the share of private label products and imported products in our stores, and also leveraging our size,\u201d she added.<\/p>\n\n\n\n

Ms. Dipaling said that RRHI is expanding its pet retail business, adding that it has seen higher sales.<\/p>\n\n\n\n

\u201cOur pet retail business is actually one of the fastest-growing businesses that we are operating right now. We\u2019ve seen strong sales traction,\u201d she said.<\/p>\n\n\n\n

\u201cWe actually plan to further improve our pet retail business by enhancing the products that we offer, such as grooming services. We are also looking at opening more new stores in 2025,\u201d she added.<\/p>\n\n\n\n

She said RRHI is also boosting the expansion of its mini-mart store Robinsons Easymart and hard discount store O!Save Trading Philippines Corp.<\/p>\n\n\n\n

\u201cWe are also accelerating the expansion of our neighborhood supermarket called Robinsons Easymart. We carry around 3,000 to 6,500 stock keeping units (SKUs) in Robinsons Easymart, so you can actually fulfill your full shopping list versus that of the hard discounters, where they only offer around 500 to 600 SKUs,\u201d she said.<\/p>\n\n\n\n

\u201cO!Save is actually accelerating its expansion. By the end of this year, there will be 400 stores in Luzon. There\u2019s a plan to open another 200 to 300 stores next year,\u201d she added.<\/p>\n\n\n\n

Founded in 2021, O!Save is a hard discount supermarket chain operated by HD Retail Holding Pte. Ltd., in which RRHI has a 23% stake.<\/p>\n\n\n\n

Ms. Dipaling said RRHI is also pushing for lower rents to improve the operations of underperforming stores.<\/p>\n\n\n\n

\u201cOn the cost side, we just have to negotiate with our vendors to lower the rents so we can turn around the business. But we are actually operating efficiently. We just have to negotiate with our vendors for nonperforming stores to have rent concessions,\u201d she said.<\/p>\n\n\n\n

As of the end of September, RRHI has 2,413 stores consisting of 758 food stores, 1,101 drugstores, 50 department stores, 225 DIY stores, and 279 specialty stores. It also has 2,163 franchised stores of The Generics Pharmacy.<\/p>\n\n\n\n

(News Source: Business World<\/a>)<\/em><\/p>\n\n\n\n

<\/div>\n\n\n\n

This report is prepared by PinoyInvestor\u2019s partner broker below. Find out more about our partner brokers<\/a> and sign up to avail their complete trading brokerage services.<\/em><\/em><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Take advantage of the price opportunity that might arise when the news hits. Trade the news!<\/p>\n","protected":false},"author":11,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1371],"tags":[],"class_list":["post-330578","post","type-post","status-publish","format-standard","hentry","category-trade-the-news","generate-columns","tablet-grid-50","mobile-grid-100","grid-parent","grid-33"],"_links":{"self":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/330578","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/users\/11"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/comments?post=330578"}],"version-history":[{"count":1,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/330578\/revisions"}],"predecessor-version":[{"id":330580,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/330578\/revisions\/330580"}],"wp:attachment":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/media?parent=330578"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/categories?post=330578"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/tags?post=330578"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}