Metro Retail Stores Group
 | This article contains promotional content. (April 2016) |
 | A major contributor to this article appears to have a close connection with its subject. (April 2016) |
 | |
| Formerly | Metro Gaisano |
|---|---|
| Company type | Public |
| PSE: MRSGI | |
| Industry | Retail |
| Predecessor | Metro Gaisano |
| Founded | 1982 in Cebu, Philippines |
| Founders | Victor Gaisano and Sally Gaisano |
| Headquarters | Mandaue, Cebu, Philippines and Bonifacio Global City, Taguig, Philippines |
Number of locations | 47 stores (2015) |
Areas served | Key cities in Central, Western, and Eastern Visayas, as well as Central Luzon, Metro Manila, and South Luzon |
Key people | Frank S. Gaisano (Chairman and CEO) Arthur Emmanuel (President and COO) |
Number of employees | 9,000[1] (2015) |
| Parent | Vicsal Development Corporation[2] |
| Website | www |
Metro Retail Stores Group Inc. (shortly known as MRSGI) is a retail company based in Mandaue, Cebu, 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.[2]
History
| This section contains promotional content. (May 2016) |
Metro Retail Stores Group, Inc. (MRSGI) traces its history to post-World War II Cebu.
In 1949,as Cebu was rising from the ashes of the war, Doña Modesta Gaisano, together with her five sons, established White Gold Super Store with the aim of making quality goods available to hardworking Cebuanos. Guided by her pioneering spirit, the business grew and became known as the city’s premier retailer.
By 1981, the enterprising Gaisano siblings established more businesses. In 1982, Doña Modesta’s second youngest son Victor and his wife Sally opened the first Metro Gaisano Department Store and Supermarket in Colon, Cebu City. It was during this time that their children Margaret, Jack, Edward, and Frank first learned the ways of entrepreneurship, enabling them to have a keen understanding of their business and the retail industry. The very first store in Colon eventually paved the way for Metro Gaisano to become the Metro Department Store and Supermarket the dominant retailer in the Visayas.
Metro undertook aggressive expansion to major cities outside Cebu, establishing its presence in key cities inCentral, Western, and Eastern Visayas, as well as Central Luzon, Metro Manila, and South Luzon.
Taking its expansion further, Metro then diversified into three different store formats with the establishment of Metro Department Store, Metro Supermarket, and SuperMetro Hypermarket, now known as the Metro Retail StoresGroup, Inc (MRSGI).
In 2015, MRSGI completed its evolution from a family-run enterprise into a publicly-listed company led by retail professionals with decades of local and international retail experience. It has grown its network to 46 stores, employing around 9,000 store associates across the country and serving over 250,000 shoppers a day.
Victor Gaisano and his family successfully built an admired brand while staying true to the values of hard work and perseverance. Today, 33 years later, these values are still held dear by the organization, inspiring every move it makes to earn the trust of even more customers and look forward to a greater future.
Metro made its debut at the Philippine Stock Exchange in November 25, 2015.[3]
The company's expansion in Metro Manila in particular was marked by the opening of Market! Market! in the early 2000s.[1]
Key People and Board of Directors
- Frank S. Gaisano | CEO and CHAIRMAN OF THE BOARD
- Arthur Emmanuel | PRESIDENT
- Edward S. Gaisano | DIRECTOR
- Jack S. Gaisano | DIRECTOR
- Margaret Gaisano-Ang | DIRECTOR
- Arthur Emmanuel | DIRECTOR
- Ricardo Nicanor N. Jacinto | INDEPENDENT DIRECTOR
- Guillermo L. Parayno, Jr. | INDEPENDENT DIRECTOR
Store formats and locations
Metro Retail Stores follows the following retail store formats: Metro Department Store, Metro Supermarket and Super Metro Hypermarket.
Metro Department Store
Metro Department Store provides basic needs to stylish buys, local and international brands alike, all these are made available to Filipinos in 10 locations across the country.[promotion?]
Metro Supermarket
Metro Supermarket provides the freshest of the fresh produce, meat, poultry, seafood, and household supplies for its complete selection of international products.[promotion?]
Super Metro Hypermarket
Super Metro Hypermarket provides a wide range of general merchandise and food products that offer shoppers value for money in each of the 12 “superstores” found across the country.[promotion?]
Ancillary Businesses
Metro offers a complementary outlets across its stores that enhance Filipinos overall shopping experience.[promotion?]
Food Avenue
Food Avenue is a food dining outlet that caters affordable yet delicious meals perfect for dine-in and take-out.[promotion?]
Suisse Cottage
Suisse Cottage similar with bakeshops, provides shoppers freshly baked breads, cakes and pastries for any occasion.[promotion?]
Metro Gourmet
Metro Gourmet is a dining outlet that offers international meats and cheeses, gourmand sandwiches, a curated selection of pastas, soups and short orders.[promotion?]
Metro Pharmacy
Metro Pharmacy provides branded and generic medicines from top pharmaceutical companies.[promotion?]
References
- ^ a b Lazo, Kristyn Nika (11 October 2015). "Gaisano's Metro Retail to open 7 stores". The Manila Times. Retrieved 9 April 2016.
- ^ a b "Metro Retail Stores marks corporate milestone with IPO". The Philippine Star. 7 November 2015. Retrieved 9 April 2016.
- ^ Gonzales, Iris (25 November 2015). "Metro Retail bucks bearish market in debut". The Philippine Star. Retrieved 9 April 2016.