Retail companies of businessman Manuel Villar disclosed plans to resume aggressive expansion next year after slowing down in the past few years amid the pandemic.
Villar said AllHome Corp. and AllDay Marts Inc. would be more aggressive with store expansion next year in line with improving economic conditions. He also reported the change in management for these companies, saying he hired a foreign executive to handle his retail business.
AllHome is the listed home improvement retail chain of the group, while AllDay is the supermarket operator which primarily caters to the mid-premium segment. “We will come back strongly next year. AllDay and AllHome will resume their expansion next year,” he said.
Villar said to adapt to market conditions, the soon-to-open AllHome stores would be smaller in size compared to previous stores. He said from a net selling area of 10,000 square meters, the upcoming stores will have only 6,000 to 7,000 sq. m.