Philippines

Focus

Philippines

Capital: Manila | Area: 300 000 km² |
Population (2021): 112.5 mio | GDP (2021): € 333.4 bn

Shift in consumer spending

AllHome sales down almost 11 per cent in the first quarter

Philippine home improvement retailer AllHome Corp. saw revenues fall 10.9 per cent in the first quarter as it noted a slowdown in renovations. The company reported sales of 2.921 bn Philippine pesos (PHP, EUR 48.73 mio)…

Distribution31. May 2023

No revenge spending in the retail

AllHome sales fall in 2022

AllHome Corp., a Philippine home improvement retailer, reported a 12.3 per cent drop in sales for 2022 as it failed to shake off a slew of challenges …

Distribution8. May 2023

Sustainability in question

Global House's Philippines move banks on economic growth and rising prices

Thai retail company Siam Global House’s drive to enter the Philippines is hinged on the country’s strong …

Distribution3. May 2023

Record year 2022

Wilcon sales buoyed by renewed construction activity in the Philippines

Double-digit growth in same-store sales resulting from the Philippines' post-pandemic recovery allowed the …

Distribution9. March 2023

First two stores

Global House eyeing 2024 entry to the Philippines

Thai home improvement retailer Siam Global House is looking to launch operations in the Philippines by 2024 even as it ramps up …

Distribution7. March 2023

Philippines, Cambodia, Laos, Indonesia

Global House announces expansion in the region

Thai retail group Siam Global House wants not only to expand to the Philippines, but also to enlarge its footprint in countries …

Distribution7. March 2023

In a bid to expand market share

Philippines’ Wilcon poised to add two more store formats

Wilcon Depot, the Philippines’ biggest home improvement retail chain, is set to add two new store formats to its two …

Distribution1. March 2023

Regional report ESG: Southeast Asia (Part 1)

DIY retailers move towards sustainability ahead of reporting mandate

A review of the sustainability reports of seven home improvement retailers in Malaysia, Indonesia, …

Distribution16. December 2022

Revenge spending phenomenon

AllHome sales drop 16.5 per cent on shift in consumer spending

Philippine home improvement retailer AllHome saw a 16.5 per cent erosion in sales for the third quarter as leisure …

Distribution21. November 2022

Third quarter

Removal of restrictions, resumption of construction buoy Wilcon's sales

Wilcon Depot, the Philippines' top home improvement retailer, posted a 32.6 per cent rise in net sales in …

Distribution28. October 2022

Philippines

Allhome trims Q2 losses on better foot traffic

Philippine home improvement company AllHome Corp tempered its sales loss in the second quarter on improved footfall. The company …

Distribution16. August 2022

Philippines

Wilcon hits 'best quarterly sales' in the second quarter

Wilcon Depot Inc., the Philippines' biggest home improvement retailer, appears to have brushed off pandemic woes as it …

Distribution4. August 2022

Expansion

Siam Global partners with Cosco in the Philippines

The expansion plans of the Thai home improvement retailer Global Siam in the Philippines are becoming concrete. The company has …

Distribution4. July 2022

Joint venture

Siam Global wants to expand with top supermarket’s owner in the Philippines

Thai home improvement retailer Siam Global and Cosco have signed a joint venture agreement. The new …

Distribution4. July 2022

Philippines

Wilcon eyes “emerging cities and provinces” in expansion

The Philippines’ largest home improvement retailer announces plans to open more stores outside the capital region of Metro …

Distribution11. April 2022

100 stores within four years

AllHome sales up 15 per cent in 2021 as market sentiment improves

Philippine home improvement retailer AllHome disclosed a 15 per cent rise in sales for 2021 coming off a low base …

Distribution6. April 2022

Despite lockdown

Philippines’ Wilcon ends 2021 with 21 per cent rise in sales

Wilcon Depot, the Philippines’ largest homegrown home improvement retailer, increased sales by 21 per cent in 2021 …

Distribution14. March 2022

Philippines

Wilcon’s third quarter sales hit by new lockdown

A lockdown imposed during the third quarter to stem record high Covid-19 cases in the Philippines led to a slip in Wilcon Depot's …

News17. November 2021

Philippines

AllHome third quarter revenues down 2 per cent

Sales of Philippine home improvement chain AllHome contracted slightly in the third quarter as new lockdowns led to shortened …

News15. November 2021

Philippines

AllHome reports sales boost and eyes more freestanding outlets

Philippine home improvement retail chain AllHome posted a 39-per cent rise in sales in the first half of the year as …

News26. August 2021

Philippines

Wilcon financials surge on eased lockdown rules

Wilcon Depot, the Philippines' leading home improvement store chain, reported a surge in its finances in the first half of 2021 …

News30. July 2021

New magazine out

DIY International 2/2021: from the Philippines to the Nordics

The Philippines was badly affected by the pandemic. How did home improvement retailers react to this situation? Our …

News14. June 2021

Philippines

New strategies for the new normal

In the Philippines, which were hard hit by the pandemic, home improvement stores have improvised for the situation with new marketing and new …

Distribution2. June 2021

Philippines

AllHome posts 6.7 per cent hike in revenues for the first quarter

Philippines home improvement retailer AllHome posted a 6.7 per cent rise in revenues for the first quarter of 2021…

News25. May 2021

Philippines

Late sales pickup fail to lift Wilcon’s 2020 take

A belated pickup in sales failed to lift Wilcon Depot's financial results in a year characterized by constraints in public …

News15. April 2021

Philippines

AllHome revenues up 3 per cent in pandemic year

A slew of strategies implemented by Philippine home improvement retailer AllHome as a response to the difficult business environment…

News9. April 2021

Philippines

Philippine store numbers continue to grow

The Do It Best licensee Handyman plans to open 16 stores in the next 18 months in the Philippines, despite the impact of Covid-19 on store…

Distribution1. December 2020

Consequences of the lockdown

Gardening blooms in the Philippines

For all the damage it has caused the business sector and the broader economy, the coronavirus-related lockdown that prevailed over the …

News25. September 2020

Philippines

Handyman sales move to online platforms due to lockdown

Home improvement stores Handyman Do It Best and True Value are seeing purchases shifting to online platforms in the …

News28. August 2020

Despite temporary lockdown

AllHome’s sales rise by 42 per cent in the first quarter

Philippine home improvement retailer AllHome's first quarter-income rose by 30.4 per cent despite the closure of …

News8. June 2020

Expansion in 2019

AllHome increases sales by nearly 70 per cent

The Philippine home improvement retailer AllHome doubled its net income in 2019 on the back of aggressive expansion and a rise in …

News4. June 2020

After two months

Philippines: home improvement shops reopen

Home improvement stores on the largest island in the Philippines reopened over the weekend after the strict and economically devastating …

News19. May 2020

Long-term target unchanged

Philippines: Wilcon Depot loses sales and profit

Wilcon Depot Inc., a Philippine home improvement and construction supplies retailer, posted a 32.1 per cent fall in its first …

News18. May 2020

Lockdown over Manila

Philippine DIY stores brace for impact of Covid-19

Home improvement companies in the Philippines warn that a prolonged disruption in business operations due to state-mandated …

News31. March 2020

IPO

Philippine AllHome chain has made its stock market debut

AllHome Corp., the Philippine home improvement retailer owned by Filipino billionaire Manuel Villar, has made its stock …

News10. October 2019

Home and garden retailing

The Philippine market is growing annually by almost nine per cent

Growth in the Philippines' home improvement industry will be faster in the next five years than it was from 2014 …

News20. September 2019

The Philippines

AllHome plans 45 new openings this year and next

The Philippine home improvement chain AllHome wants to increase its number of branches in this year still from 25 at the middle of …

News17. September 2019

Was Kingfisher able to increase turnover?

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493 new stores in the offing

Mr. DIY set to open in two new markets in 2023

The Malaysian retail chain plans to continue its expansion not only in Asia, but also in Europe. As…

Distribution11. July 2023

Green as far as the eye can see

The Van Uytsel Tuincentrum in Kontich, Belgium, grew out of a plant nursery and still clearly …

Garden4. July 2023

Adjusting to inflation

Mr. DIY Malaysia gears up for challenging 2023

As the shoppers’ spending power is affected by the impact of geopolitical tensions and …

Distribution10. May 2023