Robinsons to spend P5B on store expansion

ROBINSONS Retail Holdings Inc. (RRHI) said it is allocating P5 billion in capital spending for this year, almost a fifth higher than its actual spending last year, to add about 200 new stores to its network of convenience stores and supermarkets.

Robina Gokongwei, Robinsons Retail’s president and chief operating officer, said the company’s capital expenditure this year is 19 percent higher than last year’s actual spending of P4.2 billion.