Skip to content

Philippines Today

home of the Global Filipino

Menu
  • News Stories
  • Regional News
  • Business & Economy
  • Science & Technology
  • International
Menu

Record sales lift Robinsons Retail’s profit by 30%

Posted on March 23, 2015

MANILA, March 23 (PNA) — Robinsons Retail Holdings Inc. (RRHI) of retail tycoon John Gokongwei posted a 29.5-percent increase in profit in 2014 driven by strong sales which climbed to a record high of Php80 billion.

In a statement to the Philippine Stock Exchange, RRHI said its net income attributable to equity holders of the parent company reached Php3.56 billion last year from Php2.75 billion in 2013.

Consolidated net sales surged by 19.5 percent from Php67.25 billion to Php80.40 billion in 2014, resulting from the sales contribution of 415 stores and the strong same store sales growth (SSSG).

The company said store sales growth of Robinsons Supermarket, Robinsons Department Store, DIY and the Specialty Store’s and Robinsons Appliances boosted last year’s SSSG of RRHI.

“It has been a good year for Robinsons Retail for exceeding our like-for-like sales as well as expansion in gross floor area targets. Our sales has hit the Php80-billion mark for the first time while same store sales growth was strong despite intense competition,” said RRHI president and chief operating officer Robina Gokongwei-Pe.

Robinsons Retail operated a total of 1,327 stores as of 2014, up from the previous year’s 1,064 stores.

The company also expanded its total gross floor area by 18.6 percent in line with the target of growing its floor space by mid to high teens.

The company spent a total of Php4.04 billion in capital expenditures for the year ended 2014.

Gokongwei-Pe said the company embarked on an aggressive store expansion plan, coupled with the acquisition of some complementary businesses last year.

“We will continue to be aggressive in opening stores in key locations around the country, bringing modern retail to the broadening middle class with the Philippine economy seen to sustain its strong growth performance in the coming years,” she added. (PNA)

Share this:

  • Facebook
  • Twitter
  • LinkedIn
  • Pinterest
  • More
  • Tumblr
  • Reddit

Related

News Categories

  • Announcement (34)
  • Business & Economy (1,567)
  • Comment and Opinion (74)
    • Random Thoughts (18)
  • Current Issues (425)
    • Charter Change (1)
    • Election (228)
    • Population (6)
  • International (389)
  • Life In Japan (66)
    • Everything Japan (41)
  • Literary (34)
  • Miscellaneous (610)
  • News Stories (5,312)
  • OFW Corner (297)
  • Others (75)
  • People (408)
  • Press Releases (163)
  • Regional News (3,362)
  • Science and Technology (502)
  • Sports & Entertainment (287)

Latest News

  • BSP keeps policy rates anew December 17, 2015
  • NEDA cuts PHL additional rice import for 2016 by 25% December 17, 2015
  • DA cites serious implications of banning genetically modified products December 17, 2015
  • BBL is not yet dead – Drilon December 17, 2015
  • Comelec recognizes Duterte’s CoC for president December 17, 2015
  • NEDA chief sees 2015 growth at 6% despite typhoons December 17, 2015
  • House of Representatives ratifies bicam report on P3.002-T national budget for 2016 December 17, 2015
  • Cebu-based developer invests PHP430M to build 709 townhouse units in north Cebu town December 17, 2015
  • City gov’t eyes P75-M income from economic enterprise December 17, 2015
  • Baguio City LGU presents traffic plan for holiday season December 17, 2015

Archives

Meta

  • Log in
  • Entries feed
  • Comments feed
  • WordPress.org

Science and Technology

  • DOST-ICTO targets 500,000 web-based workers from countryside by 2016
  • (Feature) STARBOOKS: A ‘makeover’ for librarians
  • Science, research reduce ‘cocolisap’ hotspot areas in PHL
  • Montejo to further improve PAGASA and empower scientists
  • 1st PPP in biomedical research produces knee replacement system fit for Asians

Press Releases

  • Microsoft to buy Nokia’s mobile devices business for 5.44-B euros
  • New World Bank climate change report should spur SEA and world leaders into action: Greenpeace
  • Save the Philippine Seas before it’s too late — Greenpeace
  • Palanca Awards’ last call for entries
  • Philippines joins the global call for Arctic protection

Comment and Opinion

  • Remembering the dead is a celebration of life
  • Killer earthquake unlikely to hit Panay Island in near future – analyst
  • It’s not just more fun to invest in the Philippines, it is also profitable, says President Aquino
  • How does one differentiate a tamaraw from a carabao?
  • Fun is not just about the place, it is also about the people, says DOT chief

OFW Corner

  • Ebola infection risk low in Croatia
  • Death toll rises to 41, over 100 still missing in landslide in India
  • Asbestos use in construction a labor hazard
  • 500,000 OFWs to benefit POEA on-line transactions — Baldoz
  • 25 distressed OFWs return home from Riyadh
©2025 Philippines Today | Design: Newspaperly WordPress Theme