SSI Group Inc. the country’s largest specialty store retailer, on Wednesday said it is cutting capital spending this year to P600 million for new store openings, less than half of last year’s actual spending of P1.5 billion, as it embarks on a rationalization program.
The company intends to open new stores while shutting down non-performing ones as it continues to capitalize on the country’s growing affluent market, said Anthony Huang, SSI Group president.
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