Metro Retail Share Price Up on Debut
Shares of Visayan retailing giant Metro Retail Stores Group Inc. (PSE: MRSGI) firmed up on its stock market debut Tuesday, riding on the country’s strong consumer spending and favorable demographics.
Armed with fresh capital for expansion, MRSGI plans to open 50 to 70 new stores to double its nationwide retailing footprint in the next five years. It currently has about 400,000 square meters of gross floor area across 46 stores, making it the largest retailer in Visayas and the fourth largest nationwide.
Source: Philippine Daily Inquirer
