RRHI ramping up store opening to boost revenue

Gokongwei-owned Robinsons Retail Holdings Inc. (RRHI) is targeting to ramp up its store openings to further boost the company's revenue growth in the next few years.

- - Richmond Mercurio

store openings to further boost the company's revenue growth in the next few years. "There's still room to increase the margins and that will come from increasing the share of our private label products to total sales. But the key there is really increasing the top line," RRHI vice president for corporate planning Gina Dipaling said.

"So I think in the next three to five years, we plan to accelerate our store openings to increase the top line," she said. As one of the country's largest multi-format retailers, RRHI currently has an expansive network of food stores, drugstores, department stores, do-it-yourself stores and specialty stores.

The company operated a total of 2,413 stores consisting of 758 food stores, 1,101 drugstores, 50 department stores, 225 do-it-yourself stores and 279 specialty stores as of end-September. It also has 2,163 franchised stores of TGP.