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Retailers still bullish on growth outlook

RETAIL RECOVERY. Philippine Retailers Association (PRA) president Rosemarie Ong delivers her opening remarks during the 28th National Retail Conference and Stores Asia Expo 2022 at the SMX Convention Center in Pasay City on Thursday (Aug. 11, 2022). The PRA is optimistic the retail sector's recovery will continue despite the rising inflation. (PNA photo by Joey O. Razon) MANILA - The Philippine Retailers Association (PRA) remains optimistic with the retail sector's growth trajectory despite the rising inflation rate. During the 28th National Retail Conference and Stores Asia Expo 2022 in Pasay City Thursday, PRA president Rosemarie Ong said the sector is getting back from the setbacks of the pandemic and is "showing dynamic growth recovery" amid challenges, such as inflation and supply bottlenecks. Inflation rate in July was 6.4 percent, higher than the 6.1 percent in June. The rising inflation also tamed the country's gross domestic product (GDP) growth in the se ....

Pasay City , Tom Oliver , Stores Asia Expo , Tom Oliver Group , National Retail Conference , Philippine Retailers Association , Pasay City Thursday , Rosemarie Ong , Retail Recovery Philippine Retailers Association Pra President Rosemarie Ong Delivers Her Opening Remarks During The 28th National Conference And Stores Asia Expo 2022 At Smx Convention Center In Pasay City On Thursday Aug 11 , 022 The Pra Is Optimistic Retail Sector 39s Recovery Will Continue Despite Rising Inflation Pna Photo By Joeyo Razon Manila Philippine Retailers Association Remains With Growth Trajectory Rate During 28th National Conference And Stores Asia Expo 2022 In Pasay City Thursday , Ra President Rosemarie Ong Said The Sector Is Getting Back From Setbacks Of Pandemic And Quot Showing Dynamic Growth Recovery Amid Challenges , Uch As Inflation And Supply Bottlenecks Rate In July Was 6 4 Percent , Igher Than The 6 1 Percent In June Rising Inflation Also Tamed Country 39s Gross Domestic Product Gdp Growth Second Quarter Of Year At 7 4 , Ower Than The 8 2 Percent In First Quarter Quoti Think It Will Continue Given That There Is Inflation , Because Really , E Saw The Excitement Of People As We Go Back Outside But Course , I 39m Still Very Positive That We Will Achieve Even More , Uot Ong Said At The Sidelines Of Event She Added Some Retailers Have Expanded Double Digit Coming Froma Low Base In 2021 As They Were Challenged By Pandemic Related Concerns Like Coronavirus Disease 2019 Covid 19 Delta Variant And Stricter Community Quarantine Quot Large , Mn Retail , E Are All Good We See People Going Back To The Physical Format , Hey Are Going Back To Face Now , Uot Ong Said , Dding That The Continued Mobility Will Support Recovery And Expansion Of Industry Pra Executive Also Encouraged Its Members To Adopt Innovation Tap Opportunities Brought By Digital Technology Tom Oliver , Onsultant To Top Fortune 500 Chief Executive Officers And Chairman Of The Tom Oliver Group , Aid In His Keynote Speech That Quot Very Few Companies Were Able To Tap The Full Potential Of Digital Technology And Most Retail Not Use Online Space Efficiently You Have Understand Future Is It 39s Physical 39 Sa Combination Click Brick Mortar This Seamless , Ntuitive Harmony Between Experiencing Your Brand Online And It In The Stores ,