, Philippines
105 views
Source: Robinsons Retail website

Robinson Retail net income doubles in Q2 

The company recorded a 124% net income growth to P1.68b.

Robinsons Retail Holdings, Inc.’s net income grew 124.3% to P1.68b in the second quarter of 2022 after net sales exceeded its pre-pandemic levels. 

The company’s net income attributable to equity holders rose 115.1% to P1.557 during the same period. 

“Our banners performed very well during the second quarter. Our cost-efficiency efforts have also continued to yield positive results,” Robina Gokongwei Pe, President & CEO of Robinsons Retail Holdings, Inc. said. 

“Thus, we are in a position of renewed fervor and strength to further widen our already expansive offline and online reach and broaden our ecosystem of products & services in order to gain more valuable customer relationships.”

Read more: Robinsons Retail to buy 100% stake in Ministop Philippines

In the first half of the year, Robinsons Retail’s net income climbed by 67.2% to P2.96b.

Net sales meanwhile increased by 15.3% to P82.36b in the first half and by nearly 20% to P42.94b in the second quarter. This is 7.7% more than what the company recorded before the pandemic hit its operations.

Robinson Retail linked the improved overall sales to the 15.5 % same store sales growth (SSSG) driven by higher transaction count across segments as well as the improved mobility as border restrictions were eased. 

 

Follow the link for more news on

Swarovski menguasai TikTok untuk perluas skala luxury di kalangan Gen Z

Produsen Kristal asal Austria ini bekerja sama dengan influencer untuk menjangkau pasar Singapura.

Dear Me Beauty berencana membuka flagship store

Store ini dapat menjadi fondasi bagi pertumbuhan pasar yang lebih luas.

Kawan Lama Indonesia mengaburkan batas antara belanja online dan offline

Pengunjung  platform e-commerce grup, Ruparupa.

Mal-mal di Filipina menarik pengunjung dengan pengalaman liburan yang lengkap

Pengunjung diperkirakan akan datang setelah jam kantor hingga larut malam.

Urban Revivo membuka cabang terbesar di Bangkok

Peritel fast fashion asal Cina ini membuka toko seluas 3.

Samsonite memanfaatkan data untuk tingkatkan penjualan

Produsen koper asal AS ini meningkatkan saluran daring untuk mendorong pendapatan di Asia Tenggara.

Belanja hyper-personalisasi jadi tren utama di Asia Tenggara

Data dan analitik memungkinkan brand mengoptimalkan pengalaman shopper baik secara daring maupun di toko fisik.

SSI Group meningkatkan investasi dalam ritel terpadu

Perusahaan yang menaungi brand-brand seperti Hermes dan Cartier ini sedang menyempurnakan omnichannelnya.

Peritel Asia-Pasifik manfaatkan subscriber untuk dorong pertumbuhan

Subscription menjadi sumber pendapatan yang stabil selama masa penurunan ekonomi.