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Nearly nine in 10 Filipinos shopped online in 2023. News. Lacoste loses trademark dispute with Crocodile. The ruling said Lacoste’s and Crocodile’s trademarks are sufficiently different from one another. News. Philippines' Century Pacific acquires 100% of Coco Harvest. The deal was valued at around $40m. News.
The Philippines Retail Market size is estimated at USD 66.70 billion in 2024, and is expected to reach USD 96.02 billion by 2029, growing at a CAGR of 7.56% during the forecast period (2024-2029). The demand for convenience food products is a key driver behind the robust growth of the retail market in the Philippines.
23 Φεβ 2024 · MANILA, Philippines — Tycoon Edgar “Injap” Sia II’s Merry Mart Consumer Corp. raised its 2030 recurring revenue target to P150 billion, reflecting its strong confidence in the Philippine retail sector despite current inflationary pressures.
The retail market in the Philippines will see moderate growth in current value terms during the forecast period. This will be supported easing inflationary pressures, which will have a positive effect on disposable incomes.
Gen AI powers Zalora’s push for enhanced shopping experiences. This has already led to improved click and conversion rates for the group. Philippine gov’t strengthens retail supply chains and e-commerce initiatives. E-commerce Retail leaders urge swift adaptation to tech disruption.
2 Οκτ 2021 · Improving economic indicators, the continuing rollout of COVID-19 vaccines, and the easing of restrictions are no doubt helping a dynamic Philippine retail industry, where players have begun innovating to adapt to the massive disruptions dealt by this crisis.
25 Μαΐ 2021 · Sales of the Philippine retailing industry are expected to return to its pre-pandemic level in 2022 yet as the long lockdowns in the country badly affected traditional retailers despite acceleration of e-commerce to an even faster rate in 2020.
