Rappler's latest stories on Retail
Japan's Uniqlo operator downgrades profit outlook on pandemic
Fast Retailing now expects annual net profit to August of 85 billion yen ($792 million), down from an earlier projection of 100 billion yen
Microsoft to permanently close all retail stores
The move means the more than 80 Microsoft stores closed due to the coronavirus pandemic will not reopen as the tech giant enters 'a new approach to retail,' according to a statement
U.S. retail sales surge 17.7% in May 2020
The $485.5 billion in United States retail sales in May 2020 is nearly double what analysts had forecast
China's industrial output continues slow recovery from virus hit
Chinese industrial production expands 4.4% in May 2020, but there are still 'many difficulties and uncertainties'
U.S. retailers condemn racism but critics say profiling persists
'There's no shame in having biases,' but it's important to recognize and not act on them, says Anne-Marie Hakstian, a professor at Salem State University
E-commerce and the future of retail industry according to experts
Key thought leaders in the retail industry anticipate even more changes in the months following the pandemic
Awful data show U.S. economy is in deep trouble
United States retail sales sink by 16.4% in April 2020, the largest one-month fall on record. Industrial production also drops a record 11.2%.
Panic buying lifts Robinsons Retail sales in Q1 2020
Robinsons Retail Holdings reports a 45% surge in its net income in the 1st quarter of 2020 despite closure of some stores
U.S. Fed warns of worsening economy as virus savages retail, factories
The coronavirus pandemic causes contractions in United States retail sales and manufacturing not seen in decades
Thai retail giant launches record-breaking IPO
Central Retail Corporation, a family-run empire, launches Thailand's largest initial public offering
How John Gokongwei built his empire from selling peanuts
John Gokongwei Jr was born wealthy, but he had to start from scratch after his family lost what they had. Here's a look back on his journey to becoming one of the most beloved tycoons in the Philippines.
Tycoon John Gokongwei Jr dies, 93
(UPDATED) John Gokongwei Jr dies surrounded by loved ones at the Manila Doctors Hospital on November 9, 2019, according to his son, Lance Gokongwei
Forever 21 stays open in Philippines, says SM Retail
Forever 21 finds love in the Philippines, even as its parent company files for bankruptcy in the United States
Government to set SRPs for imported, local rice
Once implemented, suggested retail prices for rice would be adjusted every two weeks to reflect landing costs and average farmgate prices of palay
DTI defends higher SRPs for some goods
The Department of Trade and Industry says it protects consumers and at the same time 'negotiates with manufacturers on the most reasonable price adjustments,' if needed
Amazon to pull plug on China retail operations – report
An Amazon spokesperson says the company is looking to focus more on cross-border sales in China
Business as usual for rice industry after Duterte signs rice tariffication law
The fight's not over, as rice industry stakeholders still have a chance to secure more safeguards before the implementing rules and regulations is finalized
Butterfly effect: How rice tariffication bill affects everyone
Conversations about rice are a national conversation
Duterte open to changes in rice tariffication bill
Rice industry stakeholders still hope the National Food Authority's regulatory powers will be retained, but President Rodrigo Duterte is against this
Gov't sets suggested retail prices for rice
Agriculture Secretary Emmanuel Piñol warns that traders who will not follow the SRPs would face jail time and a fine of up to P1 million
The secret behind MUJI's design as told by Kenya Hara, art director
Hara talks about the popular household brand's design philosophy of 'emptiness' and what it means
MUJI’s art director Kenya Hara is coming to Manila
...and he'll be giving a talk at the De La Salle University
French luxury giants dive into Silicon Valley
'If you really think about it, Steve Jobs had a disastrous dress sense,' says Paris School of Luxury co-founder Eric Briones
Agriculture department sets suggested prices for rice, other goods
The Department of Agriculture gives suggested retail prices for rice, fish, onions, and garlic to stabilize prices
Biggest Uniqlo store in Southeast Asia to open at Glorietta 5
It will be the Japanese clothing brand's 15th global flagship store in the world
SM gets income boost from property, retail units
The listed conglomerate of the Philippines' richest man posts a 10% rise in net income for the 1st quarter of 2018, thanks to its core businesses
Bayan Muna asks SC to clarify TRO on retail electricity suppliers
The group says the 'sweeping' temporary restraining order earlier issued by the Supreme Court 'has given monopolies like Meralco the advantage'
Taxes on sugary drinks hurt sari-sari stores – survey
A Nielsen study shows consumers have been drinking less sugary drinks and even taking items out of their grocery baskets, as prices rose with the implementation of the tax reform law
Gokongwei-led RRHI acquiring Rustan’s supermarket chain
Robinsons Retail Holdings announces a P18-billion share swap deal to purchase the grocery chain operator from the Dairy Farm Group
11 things you can now buy for cheaper from Muji
That zen aesthetic doesn't have to cost an arm and a leg anymore
No importation approval yet amid NFA rice shortage
National Food Authority Administrator Jason Aquino says their total inventory of about 1.2 million bags will last for only 35 days
Muji's new collection keeps it casual and cool
The Japanese brand's trademark minimalist style is all over its Spring-Summer lineup
Clark airport maintenance among PPP projects set for rollout in 2018
The PPP Center is also eyeing 5 to 8 water projects under some local government units
Robinsons Retail invests in BeautyMNL operator
The Gokongwei-led firm takes a 20% stake in the operator of the e-commerce site for an undisclosed amount
John Gokongwei proves family-run conglomerates work
The JG Summit founder says the conglomerate has maintained its core values and long-term vision even as it went public and reached out to global markets
BPI debuts 'fresh, bright' design for branches
'[BPI] is not seen as open and as bright as competitors....but here it's fresh, bright, and it's a very modern look,' says BPI executive vice president Joseph Gotuaco
Dennis Uy's Phoenix Petroleum inks deal to buy FamilyMart
The planned acquisition of FamilyMart's Philippine franchise from Ayala Land and the SSI Group would mark Phoenix Petroleum's entry into the fast-growing domestic convenience retail market
PH plans to lower required capital for foreign retailers
From the required minimum paid-up capital of $2.5 million under Philippine law, the government wants to make it $200,000 – a 92% cut
Robinsons Retail Holdings to replace EDC on PSEi
This comes as the soon-to-be delisted EDC's public float drops below the 12% minimum requirement
Toys 'R' Us in PH unaffected by U.S. toy store chain's bankruptcy filing
Operated by the Gokongweis, Toys 'R' Us Philippines clarifies it is not part of Toys 'R' Us Incorporated's bankruptcy filing in the United States
Gagal capai target, sejumlah department store ditutup
Persaingan antara toko offline dan online perlu diatur sehingga tidak saling mematikan
Bayan Muna asks SC to compel telcos to refund P18-B 'excess' text fee
The petition covers Globe Telecom, Smart Communications Incorporated, and Digitel Philippines Incorporated, which is the operating company of Sun Cellular
Philippine retail industry gears up for the future
While e commerce is a force that won t be held back traditional brick and mortar retailers are in the best position to take advantage of that revolution according to the Philippine Retailers Association
Change or die: American malls confront Amazon era
The changes to malls are part of a fundamental industry rethink as e commerce takes market share and alters consumer expectations
NFA assures public: No fake rice in PH
Tests conducted by the Food Development Center on alleged fake rice samples have yielded negative results
Espenilla's target: Break new ground for financial inclusion
Incoming BSP Governor Espenilla says It’s easy because essentially I’m here doing a job… Our mandate is clear and our constituency is clear: I serve the public
Espenilla promises continuity, more financial innovation at BSP
The new governor of the Bangko Sentral ng Pilipinas outlines his plans to maintain the country s monetary stance as well as expand the debt market and digital payments
Gov't to offer P30 billion in 3-year retail treasury bonds
This will be the 2nd retail bond offering under the Duterte administration which raised around P100 billion from a similar offering in September 2016
William Belo: Doing business like a crocodile
After 40 years Belo s home improvement company Wilcon is now a compelling retail player with a network of 36 big box’ and community stores
Property, banking fuel SM Investments' net income
The Sy family s property and banking businesses continue to drive their conglomerate s financial performance
