Newly listed Robinsons Retail Holdings Inc. (RRHI) has opened its newest Robinsons Department Store (RDS) on Friday, which is considered its 1,000th store across all its retail segments.
A disclosure to the Philippine Stock Exchange on Friday showed that RRHI has opened its 1,000th store at Robinsons Place Butuan.
RDS Butuan, which is a two-level store with a gross selling area of around 7,000 square meters, will bring total RDS stores to 37 and total RRHI stores across all segments to 1,000.
RRHI aims to increase its store network to approximately 1,100 by the end of 2013 and around 1,400 by end of 2014, from only 912 stores at end-December 2012.
“The opening of Robinsons Retail’s 1,000th store is a milestone for the company, which opened its very first retail store in 1980, also a Robinsons Department Store,” RRHI told the local bourse.
RRHI is the country’s second-largest multi-format retail company. It operates nine formats under six segments. Its retail formats include Robinsons Supermarket, RDS, Ministop, South Start Drug, Handyman Do it Best, True Value, Howards Storage World, Robinsons Appliances, Toys R Us, Saizen and a host of international fashion apparel brands.