MerryMart Consumer Corp. on Friday said it expects to begin its wholesale operations in April, after it completes a new logistics distribution center in Tarlac.
In a disclosure to the stock exchange, MerryMart said it has started accepting membership applications for the MM Wholesale Club program, which is free for now.
“The MM wholesale operations are slated to commence and fully service its members by April 2021, in time for the full completion of the new modern 11,000-square meter (sq.m.) MM Logistics Distribution Center in CentralHub-Tarlac in North Luzon,” the company said.
At present, MerryMart operates a distribution center in Laguna.
Starting April, MerryMart said the coverage area for bulk deliveries will include Metro Manila, Pangasinan, Tarlac, Zambales, Nueva Ecija, Pampanga, Bataan, Bulacan, Rizal, Cavite, Laguna, Batangas and Quezon.
Members in the covered areas can avail of free delivery for a minimum of P15,000 worth of wholesale purchases.
The distribution hub will serve both MM Wholesale Club members and the retail branches of the MerryMart Group
“The addition of this new 11,000 sq.m. modern MM Logistics Distribution Center will be an important step in supporting and increasing the expansion velocity of MerryMart’s various retail formats,” MerryMart Chairman and Edgar J. Injap Sia II said in a statement.
Membership is open to businesses and individuals. Those who sign up for membership until April 15 will receive a gift.
MerryMart is a wholly-owned subsidiary of Injap Investments Inc., which also owns 35% of DoubleDragon Properties Corp.
Shares in MerryMart closed 5% up to P7.60 each on Friday.