Store expansion seen boosting RRHI recovery

By Brix Lelis

Feb 10, 2024 12:18 am

GOKONGWEI-LED Robinsons Retail Holdings Inc. (RRHI) will likely stage a rebound this year on the back of aggressive store expansions across formats, Maybank Investment Banking Group said.

The supermarket and specialty retailer is expected to launch 83 stores in 2024 as well as book modest same-store sales growth (SSSG) and steady gross profit margins (GPM), the investment bank said in a report.

Already have an active account? Log in here to continue reading.
Or
Subscribe to the Premium Subscription plan to access this subscriber-exclusive article.

Related Articles

Jollibee to operate Milksha stores in US

Altenergy optimistic; projects in full swing

PAL to resume Cebu-Osaka flights

NLEX: Candaba project done soon

FEU full-year profit grows 6.3% to P2B

Calax interchange open early next year

Global Ferronickel continues share buyback