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 S&R's first branch at Bonifacio Global City | |
| Product type | Membership-only retail warehouse club chain |
|---|---|
| Owner | Puregold Price Club Inc. |
| Country | Philippines |
| Introduced | 2001 |
| Markets | Philippines |
| Previous owners | PSMT Philippines, Inc. [1] |
| Website | snrshopping.com  |
S&R Membership Shopping is a chain of membership-only retail warehouse club in the Philippines.
S&R Membership Shopping was established in 2001 as S&R PriceSmart, a franchise of American membership warehouse club chain PriceSmart. [1] [2] The name "S&R" stands for American businessmen Sol and Robert Price, founders of Price Club and PriceSmart. [1] PriceSmart was the first major foreign retailer to enter the Philippine market since the passage of the Retail Trade Act of 2000 which liberalized the retail sector. [3] The first branch of PriceSmart was a 5,000 m2 (0.50 ha) property in Bonifacio Global City (then known as The Fort), which opened in November 2001. [4] [5] [6]
In 2005, PriceSmart sold its share in the joint venture and was acquired by the Co family in 2006, and the retail chain was renamed as S&R Membership Shopping. The Co family's operations over S&R is taken care of by Kareila Management, Inc. which also operates the Puregold Price Club. [7] [8]
S&R expanded outside Metro Manila, when it opened its fifth branch in Mandaue, Cebu in 2010. The chain's first four chains were in Metro Manila. [8]
In 2012, Puregold and Kareila underwent a merger. The former bought all the stakes of Kareila Management over S&R. [7] [9]
In 2014, S&R opened its first standalone membership-free S&R New York Style Pizza restaurant in Fairview Terraces in Quezon City. [10]
S&R Membership Shopping adopts the US warehouse club model, exclusively for members. It targets the upper middle class [11] and offers a tire center at its locations. Additionally, S&R features a membership-free restaurant chain, known for its New York-style pizza. [12] S&R also has partnerships with UnionBank, offering a co-branded S&R membership card and credit card with additional S&R benefits, [13] and Unioil, which offers discounted gasoline and diesel prices for members at participating Unioil gas stations. [14]
As of May 2024, S&R was operating 28 warehouse club branches, with 23 in Luzon, three in Visayas, and two in Mindanao. [15]
Makati, officially the City of Makati, is a highly urbanized city in the National Capital Region of the Philippines, known for being one of the leading financial centers in the country. As of 2013, the city has the highest concentration of multinational and local corporations in the Philippines. Major banks, corporations, department stores as well as foreign embassies are based in Makati. Makati is also known for being a major cultural and entertainment hub in Metro Manila. According to the 2020 census, it had a population of 629,616 people, making it as the 47th most populous city in the country and ranked as the 43rd most densely populated city in the world with 19,336 inhabitants per square kilometer or 50,080 inhabitants per square mile.
Costco Wholesale Corporation is an American multinational corporation which operates a chain of membership-only big-box warehouse club retail stores. As of 2021, Costco is the third-largest retailer in the world and is the world's largest retailer of choice and prime beef, organic foods, rotisserie chicken, and wine as of 2016. Costco is ranked #11 on the Fortune 500 rankings of the largest United States corporations by total revenue. Costco uses a club warehouse wholesale retailer channel of distribution while also selling their private label brand directly to consumers.
SM Supermalls, or simply SM, is a chain of shopping malls owned by the Philippines-based SM Prime. As of May 2024, it has a total of 96 malls. It also has 13 malls under construction It was formerly known as Shoemart.
The Warehouse Group (TWG) was established by Stephen Tindall in 1982 and is the largest retail group in operation in New Zealand. It is a corporate conglomerate that consists of The Warehouse, Warehouse Stationery and Noel Leeming.
Price Club was an American warehouse club chain. Founded in 1976, it merged with its competitor, Costco Wholesale, in 1993. The original Price Club warehouse in San Diego, California, is now Costco location number 401.
A warehouse club is a retail store, usually selling a wide variety of merchandise, in which customers may buy large, wholesale quantities of the store's products, which makes these clubs attractive to both bargain hunters and small business owners. The clubs are able to keep prices low due to the no-frills format of the stores. They are distinguished from traditional cash-and-carry wholesale businesses in that their warehouses are substantially larger in size, and they do not cater purely to businesses but also allow some or all types of consumers to obtain memberships. They are also distinguished from warehouse stores in that they usually charge annual membership fees, and require presentation of proof of membership at the warehouse entrance and again at the point of sale.
SM Investments Corporation (SMIC), also known as SM Group, is a Filipino conglomerate with interests in various sectors, mostly in shopping mall development and management, retail, real estate development, banking, and tourism. Founded by Henry Sy, it has become one of the largest conglomerates in the Philippines, being the country's dominant player in retail with 208 stores nationwide. Of these, 47 are SM Department Stores; 38 are SM Supermarkets; 37 are SM Hypermarkets, and 86 are SaveMore branches.
Chowking is a Filipino fast food restaurant chain that serves Filipino Chinese cuisine. Founded in 1985, Chowking was acquired by Jollibee Foods Corporation in 2000. It is widely considered the country's most popular restaurant of Chinese-Filipino food and was once the second-largest Filipino fast food chain. There are over 600 locations worldwide.
NTUC FairPrice is the largest supermarket chain in Singapore. The company is a co-operative of the National Trades Union Congress (NTUC). The group has more than 100 supermarkets across the island, with over 160 outlets of Cheers convenience stores island-wide.
Ayala Malls is a retail subsidiary of real estate company Ayala Land, an affiliate of Ayala Corporation. Founded in 1988, Ayala Malls owns a chain of large shopping malls, all located in the Philippines. Ayala Malls is one of the largest shopping mall retailer in the Philippines, along with SM Supermalls and Robinsons Malls.
SM Aura, is a large upscale shopping mall located at 26th Street corner McKinley Parkway, Bonifacio Global City, Barangay Fort Bonifacio, Taguig, Philippines, owned by SM Prime Holdings, the country's largest mall developer. It is the 13th SM Supermall in Metro Manila and 47th SM Prime mall in the Philippines. It was the 2nd SM Supermall to be called "Premier" after SM Lanang. The shopping center is situated near its rival mall Market! Market!, owned by Ayala Malls, a real estate subsidiary of Ayala Land, and affiliate of Ayala Corporation. It is designed by EDGE Interior Designers and Arquitectonica.
Puregold Price Club, Inc. or simply Puregold is a chain of supermarkets in the Philippines trading goods such as consumer products on a wholesale and retail basis. It currently has approximately more than 400 operating stores and over 20 food service stalls.
Uniwide Sales, Inc. was a retail operator in Metro Manila, Philippines. It was incorporated in January 1975 by Chinese Filipino entrepreneur Jimmy Gow to operate Uniwide commercial shopping centers such as the lease of commercial spaces within the compound of their malls and department stores.
The University of the Philippines Town Center, commonly known as the U.P. Town Center and abbreviated as UPTC, is a shopping center in Quezon City, Metro Manila, Philippines, managed by the Ayala Malls group. It opened on September 30, 2013.
CD-R King was a Filipino retail chain that sells discounted computer parts and gadgets, electronic appliances, and accessories. CD-R King's branches were often located in malls, where they competed against higher-end electronics retailers.
Prince Hypermart is a retail store chain in the Philippines with branches in Luzon, Visayas and Mindanao. It is owned by Robert L. Go, the President of the Philippine Retailers Association.
Seda is a Philippine brand of hotels owned and operated by Ayala Land Hotels and Resorts, a subsidiary of Ayala Corporation. The first hotel under the Seda brand began operations in 2012 with the opening of Seda BGC at the Bonifacio Global City in Taguig, Metro Manila, Philippines. The hotel chain has 11 branches as of 2020, all located in the Philippines.
The first outlet opened last May in a 5,000 sq.m. property at Fort Bonifacio Global City in Taguig
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