Top Retail Companies in Philippines

The Retail industry in the Philippines is a critical driver of economic growth and consumer spending. As the nation's economy continues to expand and the middle class grows, the retail sector has experienced significant growth and diversification. This article provides a comprehensive analysis of the growth, success factors, and key trends shaping the Retail industry in the Philippines. Additionally, it highlights the challenges and future outlook for the industry, offering valuable insights for investors, policymakers, and industry stakeholders.

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CompanyHeadcountContactDescriptionDecision Maker
CARTIER8,895 +65 6738 8975

A French luxury Maison, open-minded and curious about the world, Cartier designs timeless creations and finds beauty wherever it may lie. In tune and engaged with its time and constantly enriching its legacy, Cartier continues to expand the limits of creativity and enhance beauty with its savoir-faire.Founded during the era of great inventions, Cartier has always been inspired by the progression of ideas and artistic movements. The Maison continues this progression today, all the while creating an expression of its own.Love, Trinity, Juste un Clou, Tank, Panthère, Santos… From high and fine jewelry to watchmaking, from leather goods to fragrances, eyewear and objects, Cartier reveals beauty in every creation, with just the right touch of panache and the secret signature of its unique expertise.

AL-FUTTAIM15,233 +65 6746 6555

As a family-owned business, we take a long-term view in everything we do, because we believe that sustainable success requires uncompromising commitment.That’s the reason why some of the world’s most admired and innovative brands from the USA, UK, Japan, Sweden, France, Germany and Switzerland – from sectors as diverse with each other as automotive, retail, real estate and finance – trust Al-Futtaim with their own reputation and commercial success since the 1930s.And through our inherent customer-centric approach and relentless pursuit of perfection, we add significant value – connecting consumers in 20+ markets with these brands in contemporary, powerful, meaningful and emotional ways that create longstanding relationships based on loyalty and mutual trust.Our decades-long experience allows us to embrace and foster new, forward-thinking business practices and seamlessly blend those into our corporate DNA and people-first philosophy whilst upholding the value of integrity within a spirit of collaboration.For a career with the Al-Futtaim Group please go to our careers site at www.afuturewithus.comBest Employer Brand on LinkedIn above 4000 employees: UAE- Al-Futtaim. (https://wam.ae/en/details/1395302805731)

TIFFANY & CO.10,003 +65 800 518 5555

In 1837 Charles Lewis Tiffany founded his company in New York City where his store was soon acclaimed as the palace of jewels for its exceptional gemstones. Since then TIFFANY & CO. has become synonymous with elegance, innovative design, fine craftsmanship and creative excellence. During the 20th century fame thrived worldwide with store network expansion and continuous cultural relevance, as exemplified by Truman Capote’s Breakfast at Tiffany’s and the film starring Audrey Hepburn.Today, with more than 13,000 employees, TIFFANY & CO. and its subsidiaries design, manufacture and market jewelry, watches and luxury accessories – including more than 5,000 skilled artisans who cut diamonds and craft jewelry in the Company’s workshops, realizing its commitment to superlative quality.The Company operates more than 300 TIFFANY & CO. retail stores worldwide as part of its omni-channel approach. To learn more about TIFFANY & CO. as well as its commitment to sustainability, please visit tiffany.com.

NEW BALANCE7,170 +65 3138 5133

In 1906, New Balance began as a humble one-man operation founded on the belief that “we were born to move,” and has since grown into an international corporation, selling footwear and apparel in over 120 countries and employing over 8,000 associates worldwide. Our mission has always been to support the performance of athletes, and with an unparalleled focus on quality and craftsmanship, we’ve come to set the standard for comfort and fit in an industry all too often driven by hype. We’re incredibly proud of our history and how far we’ve come, but companies don’t thrive for over a century by being content. Whether it’s setting a new style trend, retooling our manufacturing process, or building a new state-of-the-art headquarters, we pursue innovation with a spirit of fearless independence. As the only privately held major footwear company in the world, we’re free to do things our way, pushing limits and testing boundaries as we continually reimagine what could be. After all, the status quo isn’t static.But doing things our way wouldn’t mean much if we weren’t also doing them the right way. We invest in our associates as they invest in us, and as we move forward, we make a point of giving back, supporting communities around us through ambitious philanthropic efforts and involvement programs. We are a company that cares, and our culture is one of integrity and teamwork where together we become greater than the sum of our parts.

KITCHEN WAREHOUSE AUSTRALIA118 +61 1800 332 934

Kitchen Warehouse is Australia’s number one destination for those who love to cook and entertain, having started from humble beginnings at a single store in Fremantle, Western Australia in the 1980s. Despite our expansion and success, we’re still very much a family business born out of a genuine passion for home cooking and great food. Today, Kitchen Warehouse has a national store network and dominant online presence, and ranges 8000+ kitchenware products.As a forward-thinking business, we’re always looking for new ways to continue delighting our customers and they visit us because we offer the best selection of brands, world-class experience, and exceptional service and advice. We are guided every step of the way by our core values:Authenticity: genuine experience and serviceQuality: standards that can be trustedFamily: putting our people firstCustomer: at the heart of everything we doShop online or visit us in-store. Talk to our kitchenware experts for further assistance. Call 1800 332 934 or email customerservice@kitchenwarehouse.com.au.Memberships and awards- Member, Western Australia Chamber of Commerce- BRW Fast Starters 100, 2008 and 2009 - Global Innovator Award, honouring houseware retailing excellence

NU SKIN4,171 +65 6837 3363

Nu Skin Enterprises, Inc. (NYSE: NUS) is a leading beauty and wellness company, powered by a dynamic affiliate opportunity platform. The company helps people live, look and feel their best with products that combine the best of science, technology and nature. Backed by more than 35 years of scientific research, Nu Skin develops innovative products including Nu Skin® personal care, Pharmanex® nutrition and the ageLOC® anti-aging brand which includes an award-winning line of beauty device systems. Nu Skin operates in nearly 50 markets worldwide in the Americas, Asia, Europe, Africa and the Pacific. Rhyz Inc. is the company’s strategic investment arm that includes a collection of technology and manufacturing companies to support growth in the core Nu Skin business. Nu Skin is committed to sustainability, including global initiatives such as transitioning to reduced and sustainable packaging for all products by 2030. The Nu Skin Force for Good Foundation also strives to improve children’s health, education and economic circumstances throughout the world. For more information, visit nuskin.com.

PANDORA14,479 +65 6804 6481

Pandora is the world’s largest jewellery brand. The company designs, manufactures and markets hand-finished jewellery made from high-quality materials at affordable prices Pandora jewellery is sold in more than 100 countries through more than 6,500 points of sale, including more than 2,500 concept stores.Headquartered in Copenhagen, Denmark, Pandora employs 32,000 people worldwide and crafts its jewellery at two LEED-certified facilities in Thailand using mainly recycled silver and gold. Pandora is committed to leadership in sustainability and has set science-based targets to reduce greenhouse gas emissions by 50% across its own operations and value chain by 2030. The company is listed on the Nasdaq Copenhagen stock exchange and generated revenue of DKK 26.5 billion (EUR 3.6 billion) in 2022.See all our products and collections on pandora.netVisit our guidelines for this channel, and what types of post we accept here: https://pandoragroup.com/media/Corporate-social-media-principles

PATTERN®821 +65 1800 210 0545

Pattern® provides a proven blend of marketplace analytics, product distribution, MAP compliance, and brand management to drive ecommerce acceleration for premium brands. We thrive on high energy, professional excellence, and disciplined creativity.

SHOWPO95 +61 1800 951 411

Showpo is an Australian owned, social media led e-commerce brand, redefining fashion retail for the next generation of women. Founded in Sydney in 2010 by Jane Lu, what started as a platform to disrupt the traditional retail model, is now a global fashion destination. We connect a community of millions around the world to inspiration, discovery and the latest trends, with over 100+ new styles dropping weekly. Through a curated offering of apparel, beauty, accessories and footwear, we exist to make fashion accessible, from social to your door.SHOP: www.showpo.comFACEBOOK: fb.com/iloveshowpoINSTAGRAM: @showpoTIKTOK: @showpo

VALIRAM1,140 +65 6723 8088

Valiram was established in 1935 in Kuala Lumpur, Malaysia, originally specialising in the textile trade. Today, Valiram is Southeast Asia’s leading luxury goods and 360° retail specialist with presence in Malaysia, Singapore, Indonesia, Australia, the Philippines, Thailand, Russia, Macau and Vietnam. Operating more than 350 stores, a number which continues to grow, the group represents in excess of 200 brands across various categories, from fashion and accessories, timepieces and jewellery, perfume and cosmetics to confectionery and dining concepts. Its portfolio comprises internationally renowned brands such as Bath & Body Works, Kate Spade New York, Michael Kors, Tumi and Victoria’s Secret, as well as original and innovative retail concepts Luxury Fashion, Swiss Watch Gallery, Flying Emporium, Vie Beaute and Flow. Creating world-class retail environments that offer compelling and luxurious shopping experiences is the hallmark of the group, and it will continue to bring the most desirable international brands and cutting-edge concepts to the region. The group is headquartered in Kuala Lumpur, Malaysia. Discover more at valiram.com or join in the conversation on Facebook and Instagram: #Valiram.

LOVE, BONITO481 +65 6844 8914

We pride ourselves as the best and largest vertically integrated, omni-channel womens fashion brand in the region. Founded in 2010, we have grown to 300 people strong, with our headquarters in Singapore, and country offices in Indonesia, Malaysia and Hong Kong, omni-channel presence across the 5 markets, retail franchise in Cambodia, and international e-commerce to 10 other markets - China, Australia, New Zealand, US, Canada, Japan, Philippines, Vietnam, Thailand and Brunei. The Love, Bonito team is a passionate, dynamic, innovative and fun-loving family. From fashion-lovers, savvy marketers to tech whizzes, we have a diverse team of talented individuals with one unified focus - our customer, the Love, Bonito woman. With big dreams and a grand mission, we’re looking for great like-minded people to join us - people who are as passionate, fearless and entrepreneurial.

THE HOUR GLASS352 +65 6787 2288

The Hour Glass is one of the worlds leading specialist watch retailers with an established presence of over 45 boutiques in twelve key cities in the Asia Pacific region. Our network of multi-brand and standalone brand boutiques are all strategically located in the key luxury retail corridors in Singapore, Kuala Lumpur, Bangkok, Phuket, Hanoi, Ho Chi Minh, Hong Kong, Tokyo, Sydney, Melbourne, Brisbane and Auckland. Fostering a global appreciation of watches, we endeavour to remain the primary port of call for all watch enthusiasts and collectors alike. Whether you are new to watches or are a seasoned connoisseur, our team of passionate Watch Specialists remain poised to assist you on your journey with The Hour Glass.

SWAROVSKI9,577 +65 6273 0707

Masters of Light Since 1895Swarovski creates beautiful crystal-based products of impeccable quality and craftsmanship that bring joy and celebrate individuality.Founded in 1895 in Austria, the company designs, manufactures and sells the worlds finest crystal, gemstones, Swarovski Created Diamonds and zirconia, jewelry, and accessories, as well as crystal objects and home accessories. Swarovski Crystal Business has a global reach with approximately 2,400 stores and 6,700 points of sales in around 140 countries and employs more than 18,000 people. Together with its sister companies Swarovski Optik (optical devices) and Tyrolit (abrasives), Swarovski Crystal Business forms the Swarovski Group. A responsible relationship with people and the planet is part of Swarovski’s heritage. Today this legacy is rooted in sustainability measures across the value chain, with an emphasis on circular innovation, championing diversity, inclusion and self-expression, and in the philanthropic work of the Swarovski Foundation, which supports charitable organizations bringing positive environmental and social impact.

DFI RETAIL GROUP7,670 +65 6891 8100

DFI Retail Group is a leading pan-Asian retailer that covers food (grocery and convenience), health and beauty, home furnishings, restaurants and other retail businesses. The Group has interests in 13 countries and territories, operates over 10,500 outlets, and employs more than 216,000 team members. The Group’s parent company, DFI Retail Group Holdings Limited, is incorporated in Bermuda and has a primary listing on the London Stock Exchange, with secondary listings in Bermuda and Singapore. The Groups businesses are managed from Hong Kong by DFI Retail Group Management Services Limited through its regional offices.DFI Retail Group is a member of the Jardine Matheson Group.

LUXASIA1,090 +65 6281 9559

LUXASIA is the leading beauty omnichannel brand-builder of Asia Pacific. Since 1986, it has successfully enabled market entry and brand growth for more than 100 luxury beauty brands, the likes of Aveda, Bvlgari, Calvin Klein, Diptyque, Hermes, La Prairie, Montblanc, and SK-II. LUXASIA has also established Joint Ventures with the likes of LVMH Group, Elizabeth Arden, Puig, Yves Rocher, and By Terry. The Groups integrated brand-building capabilities include luxury retail, online commerce, consumer marketing & analytics, and supply chain management. LUXASIA is powered by a diverse and dynamic #OneTeam of 2000 talents across a growing footprint of 15 markets.WHY JOIN US?At LUXASIA, we believe that there is beauty within every talent – that is you. We grow you by building your competencies and unleashing your potential. We have curated a vast portfolio of over 100 luxury brands in across Asia Pacific, and growing. Your work will enrich the lives of millions of consumers across Asia Pacific. With us, you get to be an entrepreneur, running the business like it is your very own. We give you autonomy but not without guidance and genuine care. We are a diverse and inclusive team that is courageously innovative. Together as #OneTeam, we celebrate differences, embrace change, explore new ideas, take risks, fail fast, and drive results. While challenges at work are inevitable, the journey promises to be fulfilling. With LUXASIA, an exciting career filled with robust professional growth awaits you. Isn’t that beautiful?Here are the Core Values that guide us:• Respect – Treating everyone right and being inclusive• Entrepreneurship – Running the business like it is our own• Speed – Responding fast to circumstances and challenges• Passion – Loving what we do• Excellence – Doing our best• Courage – Daring to try• Transformation – Be Water, changing for growth and to be future-readyJOIN US and let’s grow together.

BATA GROUP10,190 +65 9754 2912

The Bata Group is one of the worlds leading manufacturers and retailers of quality footwear. A global concern with more than 32,000 employees, 21 production facilities, over 5,300 stores in more than 70 countries across the globe, Bata has been providing the best shoes at the best prices, backed by unparalleled service, for 125+ years.Since its founding on September 21, 1894, by Thomas Bata, the company has consistently demonstrated its commitment to responsible and innovative business models in the belief that capital is not just money, buildings or technology, but, more importantly, people, knowledge and core values. This visionary approach has enabled the company to meet each new challenge with creativity and foresight, while earning the trust and confidence of customers, employees and the communities in which it does business.Today, Batas pioneering decentralized production system, featuring semi-autonomous regional facilities guided by three regional business units, allows the company to quickly adapt to changes in the marketplace and seize potential growth opportunities. It also continues Batas long tradition of being sensitive to cultural and national differences, and enables it to proudly function as a local company in every country it serves.Follow us on facebook.com/bata

C.K. TANG LIMITED129 +65 6737 5500

An icon of Singapore, TANGS is a leading player in the retail industry that has its fingers constantly on the pulse of the ever-changing consumer wants and trends.With the flagship TANGS at Tang Plazas transformation completed, Singapores most distinctive and beloved shopping destination raises the bar in retail, stepping up its role as a curator of a spectrum of exciting Asian as well as international brands, and redefining the shopping experience with a refreshed store concept.

PET CIRCLE326 +61 132663

Since we were founded in 2011, Pet Circle’s aim has been simple; to provide our community of loving pet parents with all of their pet needs, from the comfort of their own homes. We are a true specialist for everything ‘pet’ because we believe pets deserve better.Fast forward ten years and today we support over 700,000 loyal customers with a better range, better price and better experience.Our team is over 600 employees and we are a fast-growing leader in the Australian eCommerce space. Were also incredibly proud to be Australia’s largest online pet retailer.

KOALA414 +61 1800 575 337

Koala’s mission is Better furniture experiences, designed with the World in mind.Combining customer-centric products, a world-class technology and fulfilment platform, incredible customer service and social good, we are changing the way people buy and enjoy furniture.www.koala.com https://koala.com/en-au/careersFollow us on:www.facebook.com/koalainstagram.com/koalatwitter.com/koalamattress

CAVITE STATE UNIVERSITY0 +63 46 415 0212

The Cavite State University, (CvSU) (Filipino: Pamantasang Estado ng Cavite), is a university in the province of Cavite in the Philippines. Its 72-hectare (180-acre) main campus, known as the Don Severino de las Alas Campus, is located in the Municipality of Indang, Cavite about 60 km (37 mi) southwest of Manila. The educational institution has ten other campuses spread all over the province.The state university was first established by the Thomasites as an intermediate school, named Indang Intermediate School in 1906 with C.E. Workman its first principal. Subsequently, Americans Henry Wise and Joseph Coconower succeeded Workman as the schools principal. In 1915, the school had its first Filipino principal, Mariano Mondoñedo. The schools focused on vocational agriculture for boys and domestic science for girls. In 1918, the name of the school was changed to Indang Farming School.By 1964, the school has grown into a college known as the Don Severino Agricultural College (DSAC). It became a university on January 22, 1998, and was renamed as the Cavite State University.

Top Retail Companies in Philippines

Key Statistics from 2022: GDP and Employment

In 2022, the Retail industry in the Philippines contributed approximately 15% to the nation's GDP, amounting to nearly $45 billion in revenue. This figure represents a substantial increase compared to previous years, driven by rising consumer spending and the expansion of retail businesses.

Employment in the Retail industry reached nearly 5 million individuals in 2022, accounting for approximately 10% of the total workforce in the Philippines. The industry offers a range of job opportunities, from sales and merchandising to logistics and management, contributing to the country's overall employment growth.

Factors Contributing to the Industry's Growth and Success

Several factors have contributed to the growth and success of the Retail industry in the Philippines:

Government Initiatives:

The Philippine government has implemented various policies and initiatives to support the industry, such as the Ease of Doing Business Act and the Tax Reform for Acceleration and Inclusion (TRAIN) Law. These efforts aim to create a conducive business environment, encourage investment, and promote consumer spending.

Economic Growth and Consumer Spending:

The Philippines' robust economic growth and rising disposable income have fueled the growth of the Retail industry. An expanding middle class, coupled with increasing consumer confidence, has resulted in higher spending on a wide range of retail goods and services.

Demographic Factors:

A young and growing population, with a median age of 24 years, has contributed to the rising demand for retail products and services in the Philippines. This has driven the growth of various retail segments, including fashion, electronics, and food and beverage.

Sector-specific Growth and Comparison to Previous Years

Traditional Retail:

The traditional retail sector in the Philippines, which includes brick-and-mortar stores, grew by 3% in 2022 compared to 2021. This growth has been driven by the expansion of supermarkets, department stores, and specialty retailers, which continue to dominate the retail landscape.

E-commerce:

The e-commerce sector experienced exponential growth of 20% in 2022, driven by the increasing penetration of smartphones and internet access, as well as the rising popularity of online shopping platforms. This growth has led to the emergence of new e-commerce businesses and the expansion of existing platforms.

Modern Retail Formats:

The retail industry in the Philippines has witnessed the growth of modern retail formats, such as convenience stores, warehouse clubs, and discount retailers, which grew by 8% in 2022 compared to the previous year. These formats cater to the evolving preferences and needs of Filipino consumers, offering greater convenience, variety, and value for money.

Key Trends and Technological Disruptions

The Retail industry in the Philippines is embracing several key trends and technological disruptions, including:

Omnichannel Retail:

The adoption of omnichannel strategies, which integrate online and offline channels to create seamless shopping experiences, is transforming the Retail industry in the Philippines. Retailers are increasingly using digital technologies, such as mobile apps, social media, and data analytics, to engage with customers, drive sales, and optimize operations.

Artificial Intelligence (AI) and Automation:

The Retail industry is increasingly leveraging AI and automation technologies to enhance various aspects of the retail value chain, from inventory management and pricing to customer service and marketing. These technologies are helping retailers improve efficiency, reduce costs, and create personalized experiences for consumers.

Sustainable and Ethical Retail:

Growing consumer awareness of environmental and social issues is driving the adoption of sustainable and ethical practices in the Retail industry. Retailers are increasingly focusing on responsible sourcing, eco-friendly packaging, and waste reduction to cater to the evolving preferences of consumers and address global challenges.

Challenges

Despite its growth and ongoing innovation, the Retail industry in the Philippines faces several challenges that must be addressed to ensure continued progress:

Competition and Market Saturation:

As the Retail industry grows and new players enter the market, competition intensifies, and market saturation becomes a concern. Retailers must differentiate themselves through unique product offerings, innovative marketing strategies, and superior customer experiences to remain competitive.

Infrastructure and Logistics:

The development of adequate infrastructure and efficient logistics networks is critical for the growth of the Retail industry, particularly in the e-commerce sector. The Philippine government and private sector must invest in transportation, warehousing, and other essential infrastructure to support the industry's expansion and facilitate the timely delivery of goods and services.

Digital Divide:

While e-commerce and digital technologies are reshaping the Retail industry, a digital divide remains between urban and rural areas, as well as among different income groups. Addressing this divide requires the expansion of internet access, the promotion of digital literacy, and the development of affordable digital solutions for all Filipinos.

Future Outlook

The future outlook for the Retail industry in the Philippines remains positive, with ample opportunities for growth and innovation across various sectors. By addressing the aforementioned challenges and capitalizing on emerging trends and technological disruptions, the industry can continue to thrive, contributing to the nation's economic development and enhancing the quality of life for consumers.

Conclusion

In conclusion, the Retail industry in the Philippines has demonstrated significant growth and resilience, driven by factors such as government initiatives, economic growth, and demographic trends. Sector-specific growth in traditional retail, e-commerce, and modern retail formats, coupled with the adoption of key trends and technological disruptions, has further propelled the industry's expansion. By addressing the challenges and embracing new opportunities, the Retail industry in the Philippines is well-positioned to solidify its presence in the global market and drive the nation's progress in economic development and consumer welfare.

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By Melissa Goh
Published on 29 May 2023