Formerly called Metro Gaisano Traded as PSE: MRSGI Founded 1982 | Type Public Industry Retail | |
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Predecessor White Gold Department Store Headquarters Mandaue, Cebu, Philippines Parent organization Vicsal Development Corporation Founders Victor Gaisano, Sally Gaisano | ||
Metro retail stores group inc ipo listing and bell ringing ceremony
Metro Retail Stores Group Inc. (stylized as METRO Retail Stores Group Inc., shortly known as Metro Retail or Metro) is a retail company based in Mandaue, Cebu, Philippines.
Contents
- Metro retail stores group inc ipo listing and bell ringing ceremony
- History
- Store Formats and locations
- References
According to a 2014 report by Euromonitor, Metro is the largest operator of department stores and hypermarkets in the Visayas region, as well as the second largest supermarket operator according to retail sales value.
History
In 1949, Modesta Gaisano, together with her five sons - David, Stephen, Henry, Victor and John - established White Gold Department Store. After the death of Doña Modesta in 1981, her sons pursued their respective business interests by operating their respective Gaisano retail operations.
The Metro Retail Stores Group began in 1982 when the Metro Gaisano Department Store and Supermarket was established by Victor Gaisano and his wife, Sally, together with their children, Margaret, Jack, Edward and Frank. The group expanded to major cities outside Cebu by opening stores in key cities in Central, Western and Eastern Visayas, as well as in Central Luzon, Metro Manila and South Luzon.
The company's expansion in Metro Manila, in particular, was marked by the opening of the Market! Market! mall in the early 2000s.
Metro made its debut at the Philippine Stock Exchange in November 25, 2015.
Store Formats and locations
Metro Retail Stores follows the following retail store formats: Metro Department Store, Metro Supermarket, Super Metro Hypermarket and Metro Fresh n’ Easy Neighborhood Store.
As of November 2015, Metro Retail operates 46 stores across the Philippines specifically in the Visayas, Central Luzon, Metro Manila, Calabarzon and Bicol regions. It is planned to open a store in Mindanao by 2017.