Metro Retail revisiting network expansion plan

Metro Retail Stores Group Inc., the listed retail company of the Gaisano Group, is revisiting its network expansion plan and strategies to adapt to the changing preferences of Filipino consumers.

- - Richmond Mercurio

Metro Retail chairperson Sherisa Nuesa said for next year, the company is looking to add 12 more stores in its network with a budget of around P5 billion to P10 billion.

The company currently has 70 branches across Luzon and the Visayas under the store formats Metro Supermarket, Metro Department Store, Super Metro Hypermarket and Metro Value Mart.

"Next year, we are looking to add about a dozen stores but we are not building as fast anymore because we're watching how things are evolving and we really want to identify certain target markets more intimately," Nuesa said.