Metro Retail Stores Group

Metro Retail Stores Group
Formerly
 Metro Gaisano
Public
Traded as PSE: MRSGI
Industry Retail
Predecessor White Gold Department Store
Founded 1982 (1982) in Cebu, Philippines
Founders Victor Gaisano
Sally Gaisano
Headquarters Mandaue, Cebu, Philippines
Number of locations
 46 stores (2015)
Areas served
 Philippines
Number of employees
 9,000[1] (2015)
Parent Vicsal Development Corporation[2]
Website www.metroretail.com.ph

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.

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.[2]

History

In the 1970s, Modesta Gaisano established White Gold Department Store in Cebu City. After her death in 1981, her five sons - David, Stephen, Henry, Victor and John, pursued their respective business interests by operating their respective retail operations.[3]

Victor Gaisano and his wife, Sally, founded the Metro Retail Stores Group in 1982 with the establishment of the Metro Gaisano Department Store and Supermarket. 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.[1]

Metro Retail Stores Group made its debut at the Philippine Stock Exchange in November 25, 2015.[4]

Ancillary Businesses

Ancillary BusinessesTypeReferences
Food AvenueFood dining outlet
Suisse CottageBakeshop[4]
Metro GourmetGourmet food shop / dining outlet[4]
Metro PharmacyPharmacy[4]

References

  1. 1 2 Lazo, Kristyn Nika (11 October 2015). "Gaisano's Metro Retail to open 7 stores". The Manila Times. Retrieved 9 April 2016.
  2. 1 2 "Metro Retail Stores marks corporate milestone with IPO". The Philippine Star. 7 November 2015. Retrieved 9 April 2016.
  3. ↑ http://www.rappler.com/business/industries/65479-taipans-cebu
  4. 1 2 3 4 Gonzales, Iris (25 November 2015). "Metro Retail bucks bearish market in debut". The Philippine Star. Retrieved 9 April 2016.
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