Published July 7, 2021, 12:31 PM
A total of 352 micro, small and medium enterprises (MSMEs) products under the Go Lokal! program have been mainstreamed and graduated as regular suppliers to 20 big retailers in the country.
Trade and Industry Secretary Ramon M. Lopez said at the virtual launch of Go Lokal! of Metro Retail Stores Group, Inc. (MRSGI), which provides selected products free retail space in two of their Metro Supermarkets outlets.
Trade and Industry Secretary Ramon M. Lopez (File photo / MANILA BULLETIN)
According to Lopez, a total of 20 big retailers have joined the program providing free space to MSME products in 144 stores or malls nationwide. So far, 788 MSMEs have participated in the Go Lokal! Program since its inception in 2016.
Stores in Bacolod, Talisay get safety seals from DTI
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Published July 1, 2021, 11:37 AM
Metro Retail Stores Group, Inc.(MRSGI) has partnered with the Department of Trade and Industry (DTI) and various entrepreneurs and organizations to support their products through a succession of events that celebrate Filipino diversity and spirit of service amid the pandemic.
The company has devoted a selling area in two of its flagship supermarket branches Metro Market!Market! in Taguig City and Metro Ayala Center Cebu to feature various home-grown brands and products. This initiative is dubbed as
Bayanihang Metro x Go Lokal!
Go Lokal!,a free market access platform for Philippine micro,small,and medium enterprises (MSMEs) initiated by the Department of Trade and Industry in collaboration with selected retail partners, continues to reach a wider market. Since its inception in 2016, the program has partnered with 20 retailers, rolled out 144 stores nationwide, and assisted 788 MSMEs of which 352 became regular suppliers of partner retailers. To da
Published May 13, 2021, 3:47 PM
Cebu-based Metro Retail Stores Group, Inc. (MRSGI) suffered a net loss of P126.47 million in the first quarter of 2021 from the P7.98 million profit earned in the same period last year.
In a disclosure to the Philippine Stock Exchange, the firm said lowered customer traffic due to quarantine protocols and continued customer prioritization of purchases to essential goods heavily impacted its performance.
While the first quarter retail season is typically lean following peak consumer spending in December, the net loss was primarily attributed to the 18.9 percent contraction in revenue to P6.95 billion against the P8.57 billion registered in the comparable period last year, which was minimally affected by the pandemic.
Published April 15, 2021, 5:00 AM
Cebu-based retailer Metro Retail Stores Group, Inc. (MRSGI) suffered a net loss of P449.6 million last year from the net income of P775.6 million recorded for 2019.
In a disclosure to the Philippine Stock Exchange, the firm said the decline was due to a pandemic-driven 15.0 percent decrease in net sales to P31.3 billion for 2020 compared to P36.8 billion for 2019.
While total food retail business increased by 1.1 percent, total general merchandise business remained challenged as it declined by 45.7 percentover the same period last year.
This was due primarily to the temporary closure of department stores in March 2020.
While the stores were gradually re-opened, the segment continued to face customer traffic constraints as community quarantine levels were still in effect and consumers prioritized the purchase of essential goods.
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