Penshoppe to open 70 stores in PH, overseas

HOMEGROWN international clothing line Penshoppe group is targeting to open 50 new stores locally and 10 to 20 stores abroad as it ramps up its fast fashion retail business in the Philippines and new markets in the Association of Southeast Asian Nations (Asean).

Bernie Liu, chief executive officer of Golden ABC Inc. which runs Penshoppe, told reporters on the sidelines of the Philippine Retailers Association (PRA) awards night Wednesday that the company is targeting to expand its store network across its brands, anchored on the country’s increasing per capita gross domestic product (GDP) and the fast growing commercial retail segment.