Metro Retail opens 53rd PHL store

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METRO RETAIL Stores Group, Inc. (MRSGI) on Thursday said it opened a department store and supermarket at the Ayala Malls Feliz in Pasig City, its 53rd in the country.

“Metro Feliz is our 53rd store and we thank the Pasig City local government in helping us realize our vision. This also reflects our dynamic alliance with Ayala Land, Inc. which has always been a strategic partner building and expanding in our store network,” MRSGI President and Chief Operating Officer Manuel Luis C. Alberto said in a statement on Thursday.

Metro Feliz Department Store has a floor area of 21,200 square meters (sq.m.), while the Metro Feliz Supermarket covers 6,600 sq.m.

“Customers can look forward to an enjoyable and convenient shopping experience as we consistently strive to deliver world-class customer service as well as a wide assortment of premium quality merchandise at affordable prices,” Frank S. Gaisano, chairman and chief executive officer of MSRGI said in a statement.

The Gaisano-led firm is currently aiming to double its 2015 gross floor area to 800,000 sq.m. by 2020, with a minimum of five stores targeted to be opened this year. It has allotted P10 billion to be spent on store expansion over the five-year period.

MRSGI is present in Metro Manila, Central Luzon, and South Luzon, as well as in Central, Western, and Eastern Visayas through department store, supermarket, and hypermarket formats.

For the first nine months of 2018, MRSGI’s net income fell by 17% to P454.93 million. — Vincent Mariel P. Galang