Metro Retail Stores Group

Last updated

Metro Retail Stores Group
FormerlyMetro Gaisano
Company type Public
PSE: MRSGI
Industry Retail
PredecessorWhite Gold Department Store
Founded1982 in Cebu, Philippines
FoundersVictor Gaisano
Sally Gaisano
Headquarters Mandaue, Cebu, Philippines
Number of locations
46 stores (2015)
Areas served
Philippines
Key people
Frank S. Gaisano
(Chairman and CEO)
Jack S. Gaisano
(President and COO)
Number of employees
9,000 [1]  (2015)
Parent Vicsal Development Corporation [2]
Website shopmetro.ph OOjs UI icon edit-ltr-progressive.svg

Metro Retail Stores Group Inc. (stylized as METRO Retail Stores Group Inc., shortly known as Metro Retail or Metro) is a retail company based in Mandaue, Cebu, Philippines.

Contents

According to a 2014 report by Euromonitor, Metro is the largest operator of department stores and hypermarkets in the Visayas region, as well as the second largest supermarket operator according to retail sales value. [2]

History

In 1949, Modesta Gaisano, together with her five sons, established White Gold Department Store. After the death of Gaisano in 1981, her sons pursued their respective business interests.

In 1982, Victor and Sally Gaisano—together with their children, Margaret, Jack, Edward and Frank—established the Metro Gaisano Department Store and Supermarket.

Metro Retail later expanded to major cities outside Cebu. Metro stores also opened stores in key cities in Central, Western and Eastern Visayas, as well as in Central Luzon, Metro Manila and South Luzon.

The company's expansion in Metro Manila in particular was marked by the opening of Market! Market! in the early 2000s. [1]

Metro was listed on the Philippine Stock Exchange on November 25, 2015. [3]

Store formats and locations

Metro Imus, The District Imus, Imus, Cavite Metro Supermarket, Imus, Cavite, Jun 2024.jpg
Metro Imus, The District Imus, Imus, Cavite

Metro Retail Stores follows the following retail store formats: Metro Department Store, Metro Supermarket, Super Metro Hypermarket and Metro Fresh n’ Easy Neighborhood Store.

As of November 2015, Metro Retail operates 46 stores across the Philippines specifically in the Visayas, Central Luzon, Metro Manila, Calabarzon and Bicol regions. [3] It is planned to open a store in Mindanao by 2017. [1]

Ancillary businesses

BusinessTypeRef
Food AvenueFood dining outlet
Suisse CottageBakeshop [3]
Metro Gourmet Gourmet food shop / dining outlet [3]
Metro PharmacyPharmacy [3]

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References

  1. 1 2 3 Lazo, Kristyn Nika (11 October 2015). "Gaisano's Metro Retail to open 7 stores". The Manila Times. Retrieved 9 April 2016.
  2. 1 2 "Metro Retail Stores marks corporate milestone with IPO". The Philippine Star. 7 November 2015. Retrieved 9 April 2016.
  3. 1 2 3 4 5 Gonzales, Iris (25 November 2015). "Metro Retail bucks bearish market in debut". The Philippine Star. Retrieved 9 April 2016.