Philippines’ booming retail segment: Supermarkets

Puregold Price Club is set to open more stores in the Philippines, after achieving the target of 200 stores ahead of schedule before the year's end. The company is planning for 25 new stores per year by 2015 and is eyeing more acquisitions to expand its supermarket network in the nation.

According to Leonardo Dayao, President of Puregold, the company recently opened three stores in Pangasinan, three in Davao, two in Zambales and one in Bacolod city, and its site identification and acquisition group is looking to acquire more locations.

Puregold is supported by a workforce of approximately 40,000 and trade partners of 3,500, including smaller store owners/operators and bulk buyers.