More foreign retailers seen entering Phl malls

More foreign retailers are projected to enter physical malls next year, mainly enticed by the country's consumption-driven economy, according to a professional services and investment management company.

- By CATHERINE TALAVERA

"We expect a more aggressive entry of foreign retailers in physical malls," Colliers Philippines said in its 2025 Philippine Property Market Outlook Report.

"Developers will continue to renovate their existing spaces and introduce immersive concepts to attract greater foot traffic," it added.

Colliers emphasized that the country is now seeing the impact of the Retail Trade Liberalization Law on physical mall space absorption.

"The Philippine economy is primarily consumption-driven, and this entices foreign retailers to invest in the country. Foreign players are now more aggressive in taking up physical mall space," Colliers said.

In addition, the professional services firm projects the expansion of foreign retailers, especially those in the home furnishing segment.