Puregold plans expansion in 5 provinces
Puregold Southgate. – Lucio Co-led listed firm Puregold Price Club, Inc. said they are planning to expand their presence in the Philippines in at least five provinces, further growing their more than 70 stores nationwide. The prospective areas include Iloilo, Davao, Cavite, Bulacan, and Metro Manila. Last August, the grocery retail chain reported that its net income soared 12.5 percent to P4.95 billion during the first half of 2024. INQUIRER FILES
Lucio Co-led listed firm Puregold Price Club, Inc. said they are planning to expand their presence in the Philippines in at least five provinces, further growing their more than 70 stores nationwide.
A representative from the company told the Inquirer that prospective areas include Iloilo, Davao, Cavite, Bulacan, and Metro Manila.
“Puregold is setting its sights on further strengthening its presence in the country’s key growth regions, paving the way for a broader market share and investment opportunities,” the company said in a statement.
READ: Puregold manages to grow profits amid cost constraints
Puregold expressed the commitment to fostering community relationships, saying this unique dual approach continues to drive their vision.
Article continues after this advertisementThe company said a key example of this is their upcoming Sari-Sari Store Masskaravan Concert scheduled on October 18 at the Bacolod City Government Center.
Article continues after this advertisement“Beyond opening more doors, our expansion enables us to directly engage with new households and small businesses,” Puregold Price Club Inc. president Ferdinand Vincent Co.
“This particular Sari-Sari Store Masskaravan proves how Puregold creates value for our customers and the communities where we operate,” he added.
READ: Puregold 9-month net income up 2.1%
The company said its concerted focus on regional markets, particularly in Visayas and Mindanao, is part of a larger strategy to drive sustainable growth.
It said it is positioning itself as a growth ally in these emerging markets.
Last August, the grocery retail chain reported that its net income soared 12.5 percent to P4.95 billion during the first half of 2024.
