S&R Membership Shopping

From Wikipedia, the free encyclopedia

S&R Membership Shopping
S&R Membership Shopping logo.png
Product typeMembership-only retail warehouse club chain
OwnerPuregold Price Club
CountryPhilippines
Introduced2001
MarketsPhilippines
Websitewww.snrshopping.com

S&R Membership Shopping is a chain of membership-only retail warehouse club in the Philippines.

History[]

S&R Membership Shopping was established in 2001 as S&R Pricemart under a partnership with PriceSmart of the United States.[1][2] The name "S&R" stands for American businessmen Sol and Robert Price.[1] PriceSmart is the first major foreign retailer to enter the Philippine market since the passage of the Retail Trade Act 2000 which liberalized the retail sector.[3]

PriceSmart sold its share in the joint venture in 2005 and was acquired by the Co family in 2006, and the retail chain was renamed as S&R Member Shopping. The Co family's operations over S&R is taken care of by Kareila Management, Inc. which also operates the Puregold Price Club.[4][5]

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.[5]

In 2012, Puregold and Kareila underwent a merger. The former bought all the stakes of Kareila Management over S&R.[4][6]

Business model[]

S&R Membership Shopping follows the warehouse club concept popularized in the United States. Its branches or "warehouses" are only open to members. S&R is meant for the upper middle class demographic.[7] S&R also has a restaurant chain that is open to the general public without membership necessary, highlighting their New York-styled pizza.[8]

Branches[]

Bonifacio Global City branch

S&R has 22 branches as of November 2021.[9]

References[]

  1. ^ a b Bronce, Quennie Sanchez (October 2, 2010). "S&R Shopping". The Philippine Star. Retrieved November 16, 2021.
  2. ^ Dumlao, Doris (August 25, 2012). "S&R expands network". Philippine Daily Inquirer. Retrieved November 16, 2021.
  3. ^ Dueñas-Caparas, Maria Teresa. "State of Competition in the Wholesale and Retail Sector" (PDF). Philippine Institute for Development Studies. p. 34. Retrieved November 16, 2021.
  4. ^ a b Montealegre, Krista Angels (March 29, 2012). "Puregold sets acquisition of S&R supermarkets". The Manila Times. Retrieved November 16, 2021.
  5. ^ a b Dagooc, Ehda (November 27, 2010). "S&R entry in Cebu to boost "member-shopping" culture". The Philippine Star. Retrieved November 16, 2021.
  6. ^ "Puregold acquiring S&R for P16.5B". March 28, 2012. Retrieved November 16, 2021.
  7. ^ "Retail marriage: Puregold to acquire S&R". Rappler. March 28, 2012. Retrieved November 16, 2021.
  8. ^ Cabuag, V. G. (August 2, 2015). "S&R to double store count in five years". BusinessMirror. Retrieved November 16, 2021.
  9. ^ Almazan, Faye (November 11, 2021). "Puregold posts P5.7-B 9-month earnings". The Manila Times. Retrieved November 16, 2021.
Stub icon

This Philippine corporation or company article is a stub. You can help Wikipedia by .

  • v
  • t
Retrieved from ""