RRHI P151 BILLION IN SALES, DOWN 7.3%

Robinsons Retail Holdings, Inc. ended 2020 with unaudited consolidated net sales amounting to ₱151.0 billion, a 7.3% reduction from the previous year.

In a disclosure to the Philippine Stock Exchange RRHI said the drop in net sales was due to the economic effects of the pandemic. Sales include the two months’ results of Rose Pharmacy, a leading chain in the Visayas, which was acquired in October 2020.

The Company is on a fast-track in increasing its e-commerce presence, capitalizing on the shift in buyer preferences towards online marketplaces, which was made more pronounced by the pandemic.

Robinsons Retail operates its own e-commerce platforms – gorobinsons.ph, southstardrug.com.ph, and robinsonsappliances.com.ph. GoRobinsons has onboarded six banners, namely, Robinsons Supermarket, The Marketplace, Shopwise, Toys ‘R’ Us, No Brand, and Handyman Do-It-Best.

It is set to add other formats to its site this year. Selling via third-party platforms, meanwhile, remains part of the Company’s strategy to increase sales contribution from e-commerce. Robinsons Retail’s e-commerce sales continued to rise, registering a nearly 3x increase from the previous year including sales from third-party platforms.

Blended same-store sales growth (SSSG) was negative 8.9% for full-year 2020 mainly due to the performance of the non-essential formats which were closed for eight weeks in 2020.

WEEKLY FEATURE : BONNER DYTOC SHOWS THE WAY IN STOCK