The 53rd Metro Department Store has opened its doors at the Ayala Malls Feliz in Pasig City. Covering a floor area of 21,200sqm, the store includes a 6600sqm supermarket. “Customers can look forward to an enjoyable and convenient shopping experience as we consistently strive to deliver world-class customer service as well as a wide assortment of premium quality merchandise at affordable prices,” said Frank S Gaisano, Metro Stores Retail Group chairman and CEO.
The firm aims to open five more stores this year. An investment of P10 billion (US$191.9 million) has been allocated to store expansion over five years.
Metro Stores Retail Group has shops in Metro Manila, Central Luzon and South Luzon, as well as in Central, Western, and Eastern Visayas through department store, supermarket, and hypermarket formats.
For the first nine months of 2018, the group’s net income fell by 17 per cent to P454.93 million (US$8.7 million).