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Puregold to open 25 stores this year

2018-01-01 bworldonline
PUREGOLD Price Club, Inc. will continue the expansion of its supermarket business in 2018 as it plans to open 25 new stores.

Christmas optimism seen boosting stocks

2017-11-30 business.inquirer.net
No big movements are expected in the stock market today, although there is reason for investors to be more optimistic as the Christmas season—and the typical heavy consumer spending that comes with it—approaches. (8-0)

SEC clears Puregold takeoverof Budgetlane grocery chain

2017-11-27 philstar
MANILA, Philippines — The Securities and Exchange Commission (SEC) has issued the certificate of merger to Lucio Co’s Puregold and the operator of grocery chain Budgetlane, paving the way for the conversion of more stores into the Puregold brand. (5-0)

SEC approves Puregold merger with 3 retailers

2017-11-27 bworldonline
THE Securities and Exchange Commission (SEC) has approved the merger of three provincial retail companies with Puregold Price Club, Inc., tycoon Lucio L. Co’s company told the stock exchange on Monday. (15-0)

PSEi gains 1.27%, closes at above 8,311

2017-11-17 business.inquirer.net
The benchmark Philippine Stock Exchange Index (PSEi), in a reversal of the previous day’s decline, ended Friday’s session up 1.27 percent, or 104.6 points, to 8,311.08. Also recovering were index heavyweights Ayala Corp. and SM Investments Corp., which were down the day before. (18-0)

Retailers post higher profits in 9 months

2017-11-16 philstar
In separate disclosures, SSI Group, the country’s largest specialty store retailer, said net income rose 12 percent to P342 million while core recurring income, which excludes one-time write-offs related to the group’s store rationalization program, increased 13 percent to P444 million. (0-1)

Lucio Co’s Cosco Capital posts flat earnings

2017-11-16 bworldonline
COSCO CAPITAL, Inc. reported flat earnings in the third quarter, as sales and expenses grew at the same pace.

Remittances reports turn off market; PSEi down 1.27%

2017-11-15 business.inquirer.net
The benchmark Philippine Stock Exchange index yesterday sank as investors were disappointed with the latest results on overseas remittances, a pillar of the country’s economy. (23-0)

SM bags award as top Philippine retailer

2017-11-07 philstar
SM Retail Inc. was recently honored with the Gold Award as the Philippines’ Top Retailer during the Retail Asia-Pacific Top 500 Awards ceremony and gala dinner held at The Westin Kuala Lumpur in Malaysia. Photo shows KPMG China head of consumer and retail, ASPAC Anson Bailey (right) presenting the trophy to SM Mart Inc. VP for operations, Store Business Unit Ros Oquialda (left) and SM SVP for marketing communications Millie Dizon.

Duterte tax reform spells stimulus for retailers

2017-10-11 bworldonline
MAU Dizon, a marketing officer in one of the largest Philippine banks, is among millions of Filipino taxpayers who stand to benefit from President Rodrigo R. Duterte’s tax reform plan that aims to return to consumers P860 billion ($17 billion) over five years. (9-0)

Duterte’s US$17b tax changes spell stimulus for retailers

2017-10-11 themalaymailonline
Employees load up shopping carts at a supermarket in Paranaque city, Manila October 31, 2016. — Reuters picMANILA, Oct 11 — Mau Dizon, a marketing officer in one of the largest Philippine banks, is among millions of Filipino taxpayers who stand to benefit from President Rodrigo Duterte’s tax reform plan that aims to return to consumers 860 billion pesos (US$17 billion or RM70.9 billion) over five years. (9-0)

Puregold partners with Philippines AirAsia

2017-05-05 philstar
MANILA, Philippines - Puregold Price Club Inc. is taking its retail marketing to greater heights through a partnership with budget carrier Philippines AirAsia (PAA) for two plane liveries. (0-1)

Cosco profit up 7% to P7.5 billion

2017-04-06 philstar
MANILA, Philippines -  Cosco Capital Inc., the retail holding firm of tycoon Lucio Co, posted a seven-percent jump in consolidated net income to P7.5 billion last year , driven by robust sales of its grocery retail segment Puregold.

PSEi down 2.05% to 7,100 level

2017-03-10 business.inquirer.net
The local stock barometer slid to the 7,100 levels yesterday as fund managers scrambled to realign their portfolios in anticipation of the rebalancing of the main index.

SM sell-off drags PSEi

2017-03-10 business.inquirer.net
The local stock barometer slid to the 7,100 levels on Friday as fund managers scrambled to realign their portfolios in anticipation of main index rebalancing.

CUSIP: 00B725S29