Retail News CRM

Tag: cebu

  • Cebu Pacific adds Masbate, Tablas to route network

    Cebu Pacific adds Masbate, Tablas to route network

    Airliner Cebu Pacific (CEB) further builds its presence in the MIMAROPA and Bicol regions with the launch of two more routes.
    Starting February 15, 2017, CEB’s wholly owned subsidiary, Cebgo, will launch daily flights between Manila and Masbate; and four times weekly (Monday, Wednesday, Friday and Sunday) between Manila and Tablas using the newly-acquired ATR 72-600 aircraft.

    The addition of these new routes will allow our passengers to easily visit these fast-rising areas in Luzon, both known for its white-sand beaches, waterfalls and diving spots.

    “We remain firm in bringing people together through safe, affordable, reliable, and fun-filled air travel. With these additional routes, travelers will now be able to visit these destinations faster while enjoying CEB’s trademark low fares. Rest assured, we will continue expanding our network to reach more passengers in and out the Philippines,” says Alexander Lao, Cebgo President and CEO.

    CEB holds an introductory P799 all-in seat sale for flights from both Masbate to Manila and Tablas to Manila from December 12-14, 2016, or until seats last. Travel period is from February 15, 2017 to March 31, 2017.

    Cargo services will also be made available in these areas together with passenger services, contributing to growth of the more than 2,000 accounts we currently hold.

    Guests may also download the Cebu Pacific official mobile app on the App Store and Google Play.

  • Cebu Pacific looking into Hawaii, Melbourne flights

    Cebu Pacific looking into Hawaii, Melbourne flights

    Cebu Pacific may offer additional flights to Australia and the United States as part of efforts to expand its international network, its chief executive officer said.

    The Gokongwei-led carrier earlier said it expects its long-haul business to post a profit, driven by new flight services and increased frequencies in its existing international routes.

    “We are still considering… looking at Hawaii and Melbourne,” Cebu Air, Inc. President and Chief Executive Officer Lance Y. Gokongwei told reporters at the sidelines of a recent event when asked for the low-cost airline’s next planned long-haul route after its maiden Guam flight last March.

    Mr. Gokongwei, however, noted that there are “no firm dates” yet for the said flights.

    Cebu Air currently operates across 36 local and 30 international destinations with a fleet of 58 aircraft. It operates from six hubs: Manila, Cebu, Clark, Kalibo, Iloilo, and Davao.

    Asked whether Cebu Pacific would also consider mounting flights to Europe, Mr. Gokongwei: “I think we would consider it, but right now, we don’t have any immediate plans at this point but it’s something we should be considering as we get additional long-haul aircraft into the system.”

    “Frankly, I don’t see it happening from a Cebu Pacific perspective for 2 or 3 years,” he added.

    Mr. Gokongwei said Cebu Pacific expects to ferry 19 million passengers this year, a record passenger volume, driven by the airline’s low-cost long-haul services and increased frequencies in key domestic markets from 18.4 million passengers in 2015 and also up from the 16.9 million passengers flown in 2014.

    As of the nine months ended September, Cebu Pacific said passenger traffic was up 6% to 14.48 million, as capacity inched up by 0.4%.

    Cebu Air, operator of budget airline Cebu Pacific Air, saw its profit double in the first nine months of the year to P7.1 billion from P3.56 billion a year ago, led by strong passenger volume, higher ticket prices and lower fuel costs during the period, it told the stock exchange in its quarterly report.

    Demand remained strong during the nine-month period as Cebu Air reported its total revenue hit P46.69 billion, up 10.5%. Passenger revenue rose 10.1% to P35.36 billion while ancillary revenue — from non-ticket revenues such as baggage fees and onboard meals — was up 14.9% to P8.79 billion.

    Shares in Cebu Air closed at P97.80 apiece on Friday down P3.90 or 3.83% from its previous finish of P101.70.

  • Cebu Pacific passenger volume jumps 5% in January-October

    Cebu Pacific passenger volume jumps 5% in January-October

    Cebu Air and its wholly owned subsidiary Cebgo, Inc. flew 5.1% more passengers in the first ten months of the year, as the budget carrier increased its load factor and added new planes.As of end-October, however, the tally showed passenger volume of 1.519 million, lower by 3% against the 1.566 million last year, amid lesser seat capacity, load factor and number of flights during the period.

    The group ferried a total of 15.996 million passengers from January to October from the 15.218 million recorded during the same period in 2015, according to the latest operating statistics uploaded on its Web site.

    Seat load factor in the 10 months to October stood at 85.9% compared to the 81.8% seen during the comparable period last year.

    Cebu Pacific mounted 110,467 flights from 111,091. The airline currently operates across 36 local and 30 international destinations with a fleet of 58 aircraft.

    Cebu Air President and Chief Executive Officer Lance Y. Gokongwei had said the budget carrier is seen flying 19 million passengers this year, a record passenger volume, driven by the airline’s low-cost, long-haul services and increased frequencies in key domestic markets from 18.4 million passengers in 2015 and also up from the 16.9 million passengers flown in 2014.

    The airline is targeting to ferry 20 million passengers next year, as the company expect the delivery of 48 additional planes in the next five years to 2021.

    Cebu Air, operator of budget airline Cebu Pacific Air, saw its profit double in the first nine months of the year to P7.1 billion from P3.56 billion a year ago, led by strong passenger volume, higher ticket prices and lower fuel costs during the period, it told the stock exchange in its quarterly report.

  • Government employees on official business to get Cebu Pacific discounts

    Government employees on official business to get Cebu Pacific discounts

    Government employees will get discounted fares from budget carrier Cebu Pacific starting January next year, following the signing of a Government Fare Agreement (GFA) on Monday.

    All government employees on official travel will be given discounts, with the processing fees waived.

    Government agencies across the Philippines will be able to tap into the discounted fares via the Philippine Government Electronic Procurement Service (PhilGEPS) of the Department of Budget and Management.

    “This is a huge step into our goal of getting the highest value for the hard earned money of our Filipino taxpayers. The DBM estimates savings for more than P1 billion in aggregate discounts and waived fees under the GFA,” Budget Secretary Benjamin M. Diokno said during the GFA signing in Pasay City.

    Cebu Pacific President and CEO Lance Gokongwei noted the agreement can foster financial and economic growth.

    “We are looking forward to flying more government employees as this will also cultivate financial and economic growth of the different regions and provinces in the Philippines,” he said.

    The airline offers flights to 36 domestic and 30 international destinations across Asia, Australia, the Middle East, and USA.

  • AirAsia now flies to Taipei and Singapore from Cebu

    AirAsia now flies to Taipei and Singapore from Cebu

    Cebu skies are painted red with the twin launch of AirAsia flights to Taipei and Singapore from Mactan-Cebu International Airport (MCIA). AirAsia Flight Z2 7124 to Taipei departed at 6:10 a.m. while flight Z2 7236 to Singapore left Cebu at 4:55 p.m. Both flights last Nov. 25 were given a water salute upon departure.

    Philippines AirAsia’s director for flight operations Captain Monreal Gomer said at the send-off ceremonies held at the airport: “AirAsia’s twin launches today herald brighter, bigger and better opportunities for travel, business and tourism. It also means more job opportunities, more income for families, more food on the table and more economic activities.”

    “As a Filipino low cost carrier and member of the AirAsia Group which is the leading and largest low cost carrier in Asia, we feel strongly about supporting the growth and development of cities outside Metro Manila by connecting Cebu to international destinations like Singapore, Taipei, Korea, Malaysia and onto AirAsia’s over 120 destinations across Asean, Asia, India, Australia, New Zealand, the Middle East and Africa via fly-thru service,” Gomer said.

    AirAsia’s Cebu-Singapore flights operate four times weekly while Cebu-Taipei is scheduled three times weekly. Aside from these new routes, the world’s best low-cost airline is also servicing direct flights to Incheon/Seoul in Korea and Kuala Lumpur.

    All guests on board AirAsia’s maiden flights to Taipei and Singapore received an early Christmas gift wrapped in iconic red paper from AirAsia flight crew as soon as they boarded their flights. Sinulog dancers also welcomed arriving and departing guests with send-off ceremonies led by executives from MCIA, the Department of Tourism, Singapore Tourism Board and AirAsia.

  • NBA legend Gary Payton to celebrate opening of NBA store in Cebu City

    NBA legend Gary Payton to celebrate opening of NBA store in Cebu City

    The National Basketball Association (NBA) announced Wednesday the fourth NBA Store in the Philippines will open Nov. 24 at the Ayala Center in Cebu City.

    NBA Legend and Hall of Famer Gary Payton will be on hand to meet and interact with fans at the store opening, which will celebrate the league’s first NBA Store in the Visayas region. To commemorate the occasion, the first 300 customers that purchase an item will receive an NBA gift.

    Located on the fourth level of the Ayala Center in 452 square meters of retail space and managed by International Athletic Trading Company, Inc. (IATC), the new NBA Store will offer a wide selection of authentic NBA products from all 30 teams, including official jerseys, footwear, performance gear, lifestyle apparel, and non-apparel merchandise including basketballs, toys, collectibles, and more.

    The store will also offer personalized jerseys and will feature interactive elements including NBA 2K video game players where fans test their gaming skills and compete against each other, a Pop-a-Shot machine and a dedicated section for NBA memorabilia.

    “We had envisioned expanding the NBA footprint across the country and to have now reached the Visayas region is a milestone for us,” said IATC President and CEO Melvin Lloyd Lim.

    “We could not be more excited to open the first NBA Store in the second most populous metropolitan area in the Philippines after Metro Manila.”

    “The NBA and IATC are committed to bringing the NBA experience closer to all Filipinos nationwide,” said NBA Philippines Managing Director Carlo Singson. “The NBA Store in Cebu is the first outside of Metro Manila and is strategically positioned as a premier shopping destination for NBA fans within Central and Southern Philippines, offering an extensive range of authentic NBA products.”

    The NBA Store at the Ayala Center will carry products from brands including 2K Sports, adidas, Enterbay, Mitchell & Ness, New Era, Nike, Panini, Spalding, Spec Seats, Stance, and Under Armour. The regular store hours are 10 am – 9 pm (Sunday-Thursday) and 10 am – 10 pm (Friday-Saturday).

    On Nov. 22, Payton will also conduct a meet-and-greet with fans at the NBA Store in Glorietta 3 at 6 pm before visiting the NBA Store in Cebu City’s Ayala Center on Nov. 24 at 6 pm.

    The flagship NBA Store in the Philippines in Glorietta 3 opened in 2014, followed by the store in Mega Fashion Hall in 2015 and the store in TriNoma in 2016.

    For all the latest news and updates on the NBA, visit www.nba.com and follow the NBA on Facebook , Twitter  and Instagram.

     

  • Cebu Pacific opens 3 more domestic routes

    Cebu Pacific opens 3 more domestic routes

    The Philippines’ leading airline, Cebu Pacific, further reinforces its position in the Visayas region with the launch of three more routes.

    Starting last Nov.19 (Saturday) , CEB has officially become the only carrier flying daily between Cebu and Ormoc and Cebu and Roxas; and four times weekly (Tuesday, Thursday, Saturday and Sunday) between Cebu and Calbayog using the ATR 72-500 aircraft.

    With these new destinations, CEB is now up by three with a total of 36 domestic cities being served. With this further expansion, more and more travelers now have easier access to the already wide (and continually-growing) network of Cebu Pacific.

    The lowest all-in year-round fare, one-way for Cebu to Calbayog is Php1,983, Cebu to Ormoc is Php1,647 and Cebu to Roxas is Php2,039.

    “CEB remains committed in offering the most convenient choices for passengers at the lowest fares possible. With these additional routes in and out of the Queen City of the South, more guests can now easily explore the Visayas region. At the same time, locals can now connect not only to Cebu and Manila, but to international destinations as well. Rest assured, we will continue to persist in expanding our horizons and promote trade and tourism in the destinations we operate in,” said Alexander Lao, Cebgo President and CEO.

    Moreover, the addition of these new routes will foster stronger cargo services within Calbayog and Ormoc, and soon will expand in the whole of Visayas region.

    Based on the current data released by the Civil Aeronautics Board, Cebu Pacific Air group is currently the largest domestic cargo carrier, representing 50% of the market. Nearly 165 million kilos of cargo were delivered to domestic and international destinations in 2015. We service more than 2,000 accounts, tailor-fitting products to our clients’ domestic and international cargo needs. This includes express cargo service, seamless transshipment, and 30 interline partnerships for worldwide reach.

    In 2015, over 4.4 million passengers were flown to and from Cebu. Cebu routes cover about 24.5% of CEB’s seat capacity for 2015. With the addition of these new routes, CEB now has a total of 25 domestic routes in Cebu, which caters to the ever-increasing travel demand.

    Aside from Cebu, CEB also operates flights out of five other strategically placed hubs in the Philippines: Manila, Davao, Clark, Kalibo, and Iloilo. The airline’s extensive network covers over 100 routes and 66 destinations, spanning Asia, Australia, the Middle East, and USA. CEB’s 58-strong fleet is comprised of six Airbus A319, 36 Airbus A320, six Airbus A330, eight ATR 72-500, and two ATR 72-600 aircraft. Between 2016 and 2021, CEB expects delivery of two more brand-new Airbus A330, 32 Airbus A321neo, and 14 ATR 72-600 aircraft.

  • Cebu Pacific Air launches three domestic routes from Cebu

    Cebu Pacific Air launches three domestic routes from Cebu

    Cebu Pacific Air has launched three new routes from Cebu (CEB). On 19 November, Cebgo, the fully-owned subsidiary of Cebu Pacific Air (and formerly known as Tigerair Philippines) began operating the routes on behalf of its parent company. Cebgo, which is now a pure turboprop operator, began daily ATR 72-500 flights to Ormoc (OMC) and Roxas (RXS) and a four times weekly service to Calbayog (CYP). None of these routes are currently served by any other carrier.

    At just 105 kilometres in length, the route to Ormoc is the shortest of the three, while the 204-kilometre route to Calbayog is the longest. According to OAG Schedules Analyser data Cebu is now connected to 26 other airports in the Philippines with non-stop flights, as well as 12 international destinations, including Los Angeles.

  • Philippines’ Ayala Land taking commercial development to Cebu

    Philippines’ Ayala Land taking commercial development to Cebu

    Ayala Land will team with conglomerate Aboitiz group to develop a commercial district on the central Philippine island of Cebu, part of a broader investment push outside its home base of Manila.

    The duo will manage the 10 billion Philippine peso ($215 million) project through a joint venture. The development will take place in the city of Mandaue, according to a filing by Ayala with the Philippine Stock Exchange. Its first phase will consist of office buildings, commercial facilities and residences on 17.5 hectares, targeted for completion in 2019.

    Though Cebu is known mainly as a resort region, it has become a hotbed of call centers and other outsourced businesses in recent years. Other companies are moving in as well, helping drive up income levels in the area. SM Group, the Philippines’ largest retail group, is already involved in the construction of a large-scale commercial facility on the island.

    Ayala Land, a core member of conglomerate Ayala Corp., has a track record of developing business districts in the Manila area. It has expanded into housing development in recent years as the Philippines’ middle class has grown.

  • Metro Retail income soars 20.6 per cent

    Metro Retail income soars 20.6 per cent

    Metro Retail Sales, Visayas’ largest retailer, has reported a rise in after-tax income of 20.6 per cent to P758.6 million (US$16.4 million) for 2015.

    Metro Retail (MRSGI)’s net sales grew 13.9 per cent to P32.5 billion last year from 2014, said the company in a disclosure to the Philippine Stock Exchange. Earnings before interest, taxes, depreciation and amortisation rose 18 per cent to P1.49 billion in the same period, due to reduced operating expenses.

    The company’s same store sales grew by 8.8 per cent on the back of strong performance of its hypermarkets, department stores and supermarkets.

    Several milestones for the 33-year old Metro Retail made 2015 an exceptional year for the company. It saw the expansion of its store network nationwide, with 24 supermarkets, 12 hypermarkets and 10 department stores, with a total gross floor area of approximately 400,000 sqm by December 2015.

    Said chairman and CEO Frank Gaisano: “2015 has certainly been a banner year for Metro Retail, as our strong financial performance clearly shows. I believe that 2016 will be another record year for Metro Retail, being well on track with our store expansion and logistics efficiency initiatives to support our goal of doubling our footprint in the next five year.”

    The company was listed in November 2015, having the largest new equity issuance at P3.6 billion for that year.

    Its entry into the local bourse is seen not only to support the company’s expansion plans, but also underscore Metro Retail’s capability to compete with other industry players in serving the value conscious market.

    Metro Retail partnered with Ayala Land for the establishment of its stores in four new Ayala commercial developments – a department store and supermarket in Bacolod City, Negros Occidental; a supermarket in Iloilo City; a supermarket in Cebu City; and a department store and supermarket in Pasig City.

    Metro Retail also expanded its department store network with the acquisition of the department store assets of SIAL Specialty Retailers, a joint venture between ALI and Stores Specialists in March. Located at Fairview Terraces Mall and the UP Town Center, the stores have a combined gross floor area of approximately 25,000 sqm and will increase Metro Retail’s department store network to 12.

  • Haier Philippines to open concept shop in Cebu

    Haier Philippines to open concept shop in Cebu

    Haier Philippines has announced plans to open its first concept shop in Cebu next quarter.

    Randy Esguerra, Haier executive director for the Visayas and Mindanao regions, said the concept shop will be the only one in the country to date.

    haier-products-a6e1f6345f-new-haier-picture

    “We would like to say that this is the growth driver for the Visayas and Mindanao region. This is where the biggest chunk of our sales are being achieved,” Esguerra told the local press.

    Cebu accounted for 60 per cent of national sales in 2015, and the company’s most popular brand in the province is Haier Sanyo, he said.

    Haier president & CEO Nobuhito Hayashi said 2016 will be another great year for Haier as the company aims for 40 per cent sales growth this year.

    “With new product releases and an even stronger company dynamic, we can only expect good things this year,” he said.

    In 2015 Euromonitor named Haier as the world’s No. 1 home appliance brand for the seventh year in a row.

  • SM Seaside City opens in Cebu

    SM Seaside City opens in Cebu

    The newly opened SM Seaside City Cebu is SM’s third largest mall in the country measuring 430,000 sqm in gross floor area.

    And the property developer SM Prime describes the mall as one of the Philippines’ most picturesque, showcasing not just architectural excellence but also resilience in design.

    Due to its proximity to the Mactan Channel, the mall draws marine inspiration from the “nautilus”. The sea creature’s unique shape and logarithmic pattern guided the building’s architectural shape and design. The nautilus, a spiral shell with pale, pearly chambers, is

    one of the finest examples of natural beauty and elegance.

    Arquitectonica’s Peter Brannan, MD for Asia says translating this design into mall features meant not only providing the usual retail, service and transport facilities.

    “It also has to act as the social hub, much like the marketplaces or town squares in the old, traditional communities,” Brannan said.

    This prompted Arquitectonica to propose “community” features such as a landscaped roof deck that can act like a “Central Park” called the Sky Park.

    The design also includes a central courtyard with a 150 meter modern bell tower which can be the centerpiece of community events like fiestas or New Year Event countdowns. Add to this the “Cube” sculpture at the facade of the mall which is an anagram for “Cebu”, serving

    currently as one of the more popular “selfie” spots for shoppers and tourists. Nearby at the complex is the Chapel of San Pedro Calungsod with a hundred walls, which has emerged as one of the City’s favorite wedding destinations.

    Now in operation, the mall makes this communal spirit much more apparent.

    “We understand that Cebuanos have a very strong sense of community, so we wanted to make sure we gave them a venue in which they could celebrate this communal spirit,” Brannan said.

    The Sy family envisioned the 30 -hectare SM Seaside City complex as a regional destination, bringing together local and foreign tourists from all walks of life mainly from the Visayas and Mindanao regions.

    Beyond beauty is sustainability

    Beyond the mall’s aesthetics, SM believes that investing in sustainability safeguards the welfare of the customers, the tenants, and the mall’s host communities.

    SM Prime Holdings president Hans T Sy said during his speech at the UNISDR General Meeting in London in November that depending on the location and assessment of SM’s projects, around 10 per cent of capital expenditure is allocated to disaster resilience which requires making the mall structure resistant to risk from potential disasters.

    “My experience has proven that investing in resilience of our company’s assets makes good business sense,” Sy said.

    For its seaside mall, Architect Fides Hsu, VP of SM Engineering, Design and Development Corp, said SM Prime hired design experts who gave extra attention to the challenges of weather, especially typhoon and flooding given its location by the sea. SM Prime backfilled soil onto the reclaimed property specifically on the roads so that the whole complex where the mall sits is elevated by approximately 4.5 meters from the city roads. Due to its elevation, a lower carpark level was created to accommodate 1700 vehicles.

    Furthermore, all necessary electrical and mechanical equipment are located on the roof deck.

    In terms of seismic design or provisions for earthquakes, the building structure of SM Seaside was designed in compliance with Philippine building regulations such as the 2010 National Structural Code of the Philippines (NSCP), the Uniform Building Code (UBC 97), and the International Building Code (IBC 2010).

    The mall also uses water treatment facilities that recycle used water by 90 per cent and re-use this for the cooling tower, toilet flushing and irrigation.

    To reduce energy consumption, the mall’s air conditioning uses a Building Management System (BMS) and high efficiency chillers. In addition, all storefront windows and skylights of the mall use double glazed low e-glass which prevent heat from penetrating by as much as 78 per cent. Furthermore, the whole mall is equipped with LED lights, while mall escalators have an “auto start and stop” feature that is activated when in use or otherwise. Elevators are inverter type systems that save power of up to 30 per cent.

    “Even way back in the mid 80s when SM started building its malls, Hans T Sy has been responding to issues of sustainability and disaster risk resilience. The older malls of SM, for example, have long been using the BMS and variable frequency drives for air conditioning that control mechanical motors to maximise usage of power,” Hsu said.

  • Three-storey retail haven launched in Cebu

    Three-storey retail haven launched in Cebu

    Something big was coming and people could see the signs. Some jeepneys were painted with announcements of an unveiling to come, not to mention that eye-catching red hanger stationed right at the grounds of The Terraces.

    Sure enough, it was unmistakable that after much anticipation, every shopper’s dream came true as one of the world’s biggest fashion retail brands finally opened in Cebu City, namely H&M in Ayala Center Cebu last Friday, Nov. 27.

    H&M, which stands for Hennes & Mauritz AB, is a multinational retail-clothing company founded in Sweden with a business idea to offer fashion and quality at the best price in a sustainable way. Approximately, H&M has 3,900 stores worldwide. This 3,800 square meter store is the 11th store built in the Philippines and is so far the biggest in the country.

    The store in Ayala Center Cebu is a full concept store that offers three levels of retail goodness. Everything that the brand has to offer, Cebuanos can now certainly enjoy them. It carries ladieswear which can be found at the first two floors, a home section also located at the second level, and kids’ wear and menswear at the third level.

    Apart from expecting the latest trends in fashion, H&M also features its Garment Collecting initiative in this store, where customers can donate their used clothes. In return, they get a discount voucher which one can use on one’s next purchase at the store.

    With this opening, it also introduces its holiday collection. Festive and playful, this year’s collection for women is in collaboration with Katy Perry in fun, eclectic and cozy styles. For the men, it’s all about neat, textured tailoring with fun accents and patterned pieces. The little tykes also get to have their moment as H&M offers its fairytale-themed designs.

  • Swedish fashion brand, H&M makes Cebu debut

    Swedish fashion brand, H&M makes Cebu debut

    SWEDISH retail brand H&M (Hennes & Mauritz) is opening its doors to Cebuano shoppers at the Ayala Center Cebu today. Top officials are confident the brand, which was long clamored for by Filipinos to enter the Philippine market, will get a positive reception among Cebuanos similar to long queues experienced during its opening day in Manila last year.

    H&M Cebu is the biggest H&M store in the Philippines to date. The store covers three floors that occupy 3,800 square meters of Ayala Center Cebu’s leasable space.

    “We are just so happy we are given this huge space for our first store in Cebu. We are very well received in the Philippines with the long queues and sold-out collections, which is really amazing. I trust we will get the same vibrance in Cebu,” said Fredrik Famm, H&M country manager for Southeast Asia, in an interview Wednesday. According to the press release, the first 300 customers in line will receive gift cards valued as high as P5,000 and opening offers that are up to 50 percent off.

    H&M Cebu is the 11th store in the country. By year end, the retail brand will have a total of 12 stores nationwide, the latest will be the second H&M store in Cebu at SM Seaside City in South Road Properties, which will open on Dec. 9. Famm sees the Philippines as a destination where there is much growth potential, citing its mature retail market reflected by the increasing number of commercial establishments being put up in key cities like Cebu.

    The country’s over 100 million consumers and well-travelled population, he added, also presents opportunities for international retail brands to thrive.

    A report obtained from the Philippine Retailers Association noted that as of the first quarter this year, consumer spending in the country hit an all-time high of P1.278 trillion from P1.259 trillion in the last quarter of 2014. For the month of May, 2015 alone, the report said that retail sales increased 1.5 percent over the same month last year. Consumer spending in the Philippines averaged P875.888 billion since 1998 up to January 2015. It also added that the country posted a record low of P581.662 billion in sales in the first quarter of 1998.

    H&M Ayala Center is a full concept store carrying ladies wear, mens wear, kids clothing and home accessories. Famm said the brand is a “combination of fashion, quality, price and sustainability.”

    “Every person who’s got an interest in fashion is our customer. Regardless of your personality, you will find something in our stores,” said Famm. More than just brining in high-quality and value for money fashion items, H&M will also introduce its Garment Collecting initiative in Cebu, were customers can donate their used clothes and get discount voucher at 15 percent to use for their next purchase.

    Famm said this initiative, which is implemented through its partner, I:Collect, a global recycling company, is the company’s way of protecting and preserving the environment.

    H&M is said to be the first fashion company to launch a global collection initiative. This initiative, Famm said, “can help reduce waste at the same time give old and worn out garments a new life.”

    “Of the thousand tons of textiles that people throw away every where, as much as 95 percent could be reworn or recycled,” the firm said in its website.

    “Of the used clothes, many things can still be redone. Like, can reuse it and turn them into other products like car seats and other purposes; we can also recycle by turning these old textiles to new fibers,” said Famm.

    This global initiative is being implemented all over H&M’s 3,900 stores worldwide. It has so far collected a total of 7,600 tons of used clothing or 38 million pieces of clothes. Last December, H&M collected 20 tons of used clothing in the Philippines. According to Famm, consumers’ interest on goods made out of sustainable processes is gaining popularity.

    “For H&M, this is a growing part in our production,” he said, adding that the retail brand is also one of the largest buyers of organic cotton in the world from suppliers who also adopt sustainable processes in their own operations. “In many markets, we get high demand of this type from our customers.” H&M products, which are made from sustainable materials, are identified in competitive green price tags.

    After Cebu, the officials are keen on looking at other interesting cities in the Philippines where they can set-up more H&M stores.

    “We see a lot of potential in all major cities in the country. We are looking for appropriate locations. We are kind of picky on that, but we want to be in areas where our customers are,” said Famm.