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Metro Retail Stores Group

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For The Singaporean-based department store, see Metro (department store)
Metro Retail Stores Group
FormerlyMetro Gaisano
Company typePublic
PSE: MRSGI
IndustryRetail
PredecessorWhite Gold Department Store
Founded1982 (1982) in Cebu, Philippines
FoundersVictor Gaisano
Sally Gaisano
Headquarters
Mandaue
,
Philippines
Number of locations
53 stores[1] (2019[1])
Areas served
Philippines
Key people
Frank S. Gaisano (Chairman & CEO)
Arthur Emmanuel (President & COO)
RevenueIncrease ₱36.8 billion[2] (2019)
Decrease ₱776 million[2] (2019)
Number of employees
9,000[3] (2015)
ParentVicsal Development Corporation[4]
Websitewww.themetrostores.ph

Metro Retail Stores Group Inc. (stylized as METRO Retail Stores Group Inc., shortly known as Metro Retail or Metro) is a retail company based in Mandaue, Philippines.

According to a 2014 report by Euromonitor, Metro is the largest operator of department stores and hypermarkets in the Visayas region, as well as the second largest supermarket operator according to retail sales value.[4]

History

In the 1970s, Modesta Gaisano established White Gold Department Store in Cebu City. After her death in 1981, her five sons - David, Stephen, Henry, Victor and John, pursued their respective business interests by operating their respective retail operations.[5]

Victor Gaisano and his wife, Sally, founded the Metro Retail Stores Group in 1982 with the establishment of the Metro Gaisano Department Store and Supermarket. The group expanded to major cities outside Cebu by opening stores in key cities in Central, Western and Eastern Visayas, as well as in Central Luzon, Metro Manila and South Luzon.

The company's expansion in Metro Manila, in particular, was marked by the opening of the Market! Market! mall in the early 2000s.[3]

Metro Retail Stores Group made its debut at the Philippine Stock Exchange in November 25, 2015.[6]

Ancillary businesses

Ancillary Businesses Type References
Food Avenue Food dining outlet
Suisse Cottage Bakeshop [6]
Metro Gourmet Gourmet food shop / dining outlet [6]
Metro Pharmacy Pharmacy [6]

References

  1. ^ a b "Metro Department Store opens at Ayala Malls Feliz". Insideretail.asia. 20 February 2019. Retrieved 25 June 2019.
  2. ^ a b Cabuag, VG (March 31, 2020). "Metro Retail income falls 20% in 2019". BusinessMirror. Retrieved August 2, 2020.
  3. ^ a b Lazo, Kristyn Nika (11 October 2015). "Gaisano's Metro Retail to open 7 stores". The Manila Times. Retrieved 9 April 2016.
  4. ^ a b "Metro Retail Stores marks corporate milestone with IPO". The Philippine Star. 7 November 2015. Retrieved 9 April 2016.
  5. ^ "The taipans of Cebu". Rappler.com. Retrieved 25 June 2019.
  6. ^ a b c d Gonzales, Iris (25 November 2015). "Metro Retail bucks bearish market in debut". The Philippine Star. Retrieved 9 April 2016.
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