Tag: Grocery

H2 2024 Retail Report

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The journey of customers and business innovation in the retail industry comes to a close once again. As the curtain falls, let us reflect on the stories from the second half of the year—highlighting the transformative changes, groundbreaking breakthroughs, and the rise of new players in the retail arena. This period has witnessed a shift in how businesses approach customer engagement, technology, and sustainability. Alongside this, we have seen the evolving expectations of customers, who are now more informed, demanding, and conscious of their purchasing decisions.

As we look back on the key moments, game-changing trends, and emerging strategies, we explore what’s shaping the future of shopping. Learn who the consumer of tomorrow is and discover the strategies you’ll need to capture their attention. After all, in this ever-changing arena, the consumer will always be the king.

At RetailWise, we firmly believe that keeping a finger on the pulse of what the market wants isn’t just a strategy but the heartbeat of a successful business.

Happy reading!

 

Retail News and Updates

 

National Players Update

 

Food and Beverage Grocery Sector

 

Sustainability in Philippine Retail

 

What’s Next for 2025 and Beyond?

 

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Stay updated with RetailWise’s comprehensive Retail Report for H2 2024! Gain insights into the latest developments and trends in the retail industry at global, regional, and local levels. Discover innovative advancements and understand the dynamic changes shaping the retail sector. Don’t miss out, click below to stay ahead in the retail world!

Don’t forget to follow us on our social media accounts, Facebook: https://www.facebook.com/retailwise , Linkedin: https://www.linkedin.com/company/retailwiseph/ , Instagram: https://www.instagram.com/ and get our latest updates.

 

Download your full copy here!

 

 

PH Private Label Grocery Sales to Hit $896M in 2025 — USDA Report

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Total F&B groceries seen at $12.8B 


The country’s private label grocery market is projected to reach $896 million this year, according to a report by the USDA-Foreign Agricultural Service (FAS) Manila.

Private label products accounted for 7 percent of total food and beverage (F&B) grocery sales in the Philippines.

Total F&B grocery sales are projected to reach $12.8 billion in the Philippines this year, a 5 percent year-on-year increase, FAS Manila office said in a report dated Jan. 15.

“This growth is expected to continue at a compound annual growth rate (CAGR) of 5 percent over the next five years, outpacing the broader Asia Pacific market’s projected CAGR of 4 percent,” according to the FAS Manila.

Private labels are products manufactured or packaged for sale under the name of the retailer rather than that of the manufacturer.

“With some grocery operators aiming to double their private label portfolios within the next five years, significant opportunities exist for exporters to supply US food and beverage products under both US and grocers’ private label brands,” FAS Manila said.

In the past five years, private label products have made up an average of 7 to 10 percent of grocery food and beverage sales in the Philippines which is higher than the Asia Pacific average of 6 percent, FAS Manila said. 

The USDA-FAS Manila regularly reports on food and beverage grocery sales, including private labels, to help American exporters identify existing opportunities for the products in the Philippine market.

As of end-2024, SM Markets, Puregold Price Club and Robinsons Retail dominated the food and beverage grocery sector, which collectively accounted for 50 percent market share in terms of grocery operators, it added.
SM Markets accounted for a 22 percent share through its outlets such as SM Supermarket and Hypermarket, Savemore Supermarket, Alfamart convenience store and Waltermart Supermarket which carries private label brands such as SM Bonus, Alfa Savers and Everyday.

Puregold Price Club had a 16 percent share. Its stores include Puregold Supermarket, Hypermarket and S&R Membership Club selling private label brands like Pure Basics, Member’s Value and Fresh Pick.

Robinsons Retail covered 12 percent of the market. The company operates Robinsons Supermarket, Marketplace Supermarket, Shopwise Hypermarket and Uncle John’s convenience store, with private label brands Surebuy and Healthy You.

Independent grocery operators having a single grocery brand, such as 7-Eleven, Metro Retail Store Group, Super8, Landers and Prince Retail Group, cornered 14 percent of the market.

The remaining 36 percent share was spread over   more than 1.3 million micro-operators located throughout the country.

Original Article: https://malaya.com.ph/business/business-news/ph-private-label-grocery-sales-to-hit-896m-in-2025-usda-report/

RetailWise Celebrates 10 Years of Excellence in Retail Consultancy

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RetailWise celebrated its 10th anniversary with an intimate gathering attended by esteemed figures in the retail industry.

The event was a night of resounding success, filled with great food, delightful company, laughter, and meaningful conversations—a beautiful testament to the shared accomplishments and relationships that have flourished over the past decade.

RetailWise would like to take this opportunity to express its immense gratitude to everyone who has been part of its journey.

To the dedicated past and present employees who have tirelessly championed the company’s goals and values;

to the steadfast partners who have wholeheartedly entrusted RetailWise with their support; and to the clients and colleagues who have become friends, placing their confidence in the company’s expertise, RetailWise extends a heartfelt thank you.

As the company moves forward, it remains committed to providing the latest and best expertise in retail.

Here’s to many more years of success and camaraderie—cheers to the future!