Wilcon Depot, Inc. is accelerating its five-year expansion plan by targeting nine store openings this year, allowing it to hit its goal of 65 stores a year ahead of schedule.
“We have many funds sitting in the bank, and all the sites are ready. The economy is really moving up quite good, so we’re capitalizing on that. And also its to stay ahead of competition,” Wilcon Founder and Chairman Emeritus William T. Belo said in a briefing after the company’s annual shareholders’ meeting in Ortigas Center yesterday.
The listed home improvement and construction supply retailer announced in 2017 its plan to open 29 new stores by 2021. Of the 29, 16 will be located in Luzon, five in Visayas, and eight in Mindanao.
Wilcon has already opened five stores last year and another two during the first half of 2018. Starting this June, the company will be opening a new store every month to reach nine by the end of the year. — Arra B. Francia

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