Connect with us

Business and Economy

Shakey’s to open 20 new stores in 2018

Published

on

(Photo by Shakey's)

Shakey’s ended 2017 opening 24 new stores, including those in provincial locations (Photo by Shakey’s)

MANILA — Listed pizza chain Shakey’s Pizza Asia Ventures Inc. on Thursday said it plans to open 20 new stores in 2018, bringing its total store network to 228 at the end of the year, as part of a continued drive to expand its footprint across the country.

“We will continue to take advantage of the positive consumer sentiment in the Philippines and hope to open even more stores, including those outside the typical first tier cities,” said Shakey’s President Vicente Gregorio.

Shakey’s ended 2017 opening 24 new stores, including those in provincial locations such as Iligan, Puerto Princesa, Antique, Gapan and Palo, Leyte, amid the growing urbanization trend in such areas.

“It has been a banner year for Shakey’s – our maiden year as a publicly listed company – as this is the fastest we’ve grown in terms of store network.

online pharmacy purchase rifadin without prescription with best prices today in the USA

We have a strong belief in our brand and our strategy, and are keeping pace with the accelerating growth of our economy,” said Gregorio.

Shakey’s currently maintains market leadership in both the full service and pizza chain categories.

Apart from the Philippines, the company also owns the perpetual rights to the Shakey’s brand for the Middle East, Asia (excluding Japan and Malaysia), China, Australia and Oceania.

online pharmacy purchase bactrim without prescription with best prices today in the USA

It reported that recurring net income for the first nine months of 2017 grew by 15 percent against the comparable period the previous year.

System-wide sales also rose by 15 percent, driven by same store sales growth of 6 percent and an expanding local store network.

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Maria in Vancouver

Lifestyle1 month ago

Becoming Your Best Version

By Matter Laurel-Zalko As a woman, I’m constantly evolving. I’m constantly changing towards my better version each year. Actually, I’m...

Lifestyle2 months ago

The True Power of Manifestation

I truly believe in the power of our imagination and that what we believe in our lives is an actual...

Maria in Vancouver3 months ago

DECORATE YOUR HOME 101

By Matte Laurel-Zalko Our home interiors are an insight into our brains and our hearts. It is our own collaboration...

Maria in Vancouver3 months ago

Guide to Planning a Wedding in 2 Months

By Matte Laurel-Zalko Are you recently engaged and find yourself in a bit of a pickle because you and your...

Maria in Vancouver3 months ago

Staying Cool and Stylish this Summer

By Matte Laurel-Zalko I couldn’t agree more when the great late Ella Fitzgerald sang “Summertime and the livin’ is easy.”...

Maria in Vancouver4 months ago

Ageing Gratefully and Joyfully

My 56th trip around the sun is just around the corner! Whew. Wow. Admittedly, I used to be afraid of...

Maria in Vancouver5 months ago

My Love Affair With Pearls

On March 18, 2023, my article, The Power of Pearls was published. In that article, I wrote about the history...

Maria in Vancouver5 months ago

7 Creative Ways to Propose!

Sometime in April 2022, my significant other gave me a heads up: he will be proposing to me on May...

Maria in Vancouver6 months ago

Why Eating Healthy Matters

We are what we eat, so don’t be fast, cheap, easy, or fake — we should take these words to...

Maria in Vancouver6 months ago

Maria Goes To Lapu Lapu Day Block Party!

On April 27, 2024, the Filipino community of Vancouver had its first Pinoy multi-Block Party in the most diverse neighbourhood,...