Вы находитесь на странице: 1из 2

6/23/2017 www.bworldonline.com/adserver/bworldonline/print_preview.php?

article_id=146991

Print

June19,2017

WilcontoopenmorestoresoutsideMetroManila

WILCONDepot,Inc.isgoingbeyondMetroManilaasitlookstobreachtheP1billionmarkforitsbottomlinefor
2017.

Thelistedhomeandconstructionsuppliesretailertargetstoopenthreenewstoresin
Mindanao,twoinVisayas,andoneeachinNorthernandSouthernLuzon,withan
investmentsofaroundP150milliontoP180millionforeachstorespanning8,000to10,000
squaremeters.

WilconhassofaropenedonenewstoreinButuanoutoftheeightnewstoresitis
planningtoopenthisyear.Thisaddstoitsportfolioof37storesatend2016.

Thatsjustgoingtokeepaddingon.Wehaventopenedyetinthefirstfivemonths,except
forButuan.Soconsideringthatitsaquitepositivetrend...weprojecttobegrowingmore
duetothenewstoreexpansions,WilconPresidentandChiefExecutiveOfficerLorraineBelo
CincochantoldreportersafterthefirmsannualstockholdersmeetingonMondayin
MandaluyongCity.

Thecompanysfounder,WilliamT.Belo,saidfourstoresarecurrentlyunderconstruction.
ConstructionofanotherstoreinTaclobanCitywillbeginwithinthemonth,whilethatofone
inZamboangaCityisduetostartinJuly.Hopefullythiswillbeintime(foropening)in
December,Mr.Belosaid.

Wilconwillalsobuildfivenewstoresin2018asthecompanylookstoexpanditsnationwide
footprintto65storesby2021.

Askediftheywillbeventuringintoecommerce,Ms.BeloCincochansaidthatwhilethey
plantobringtheirproductsonline,thekindofcustomersWilconattractsstillprefervisiting
thephysicalstore.

Webelievethatwhenyouwanttobuildorinvestinyourhome,youwanttogotothestore
andreallylookattheproduct.WhenwelookatcomparableintheUSorintheregion,e
commerceisnotthatbigachunkoftheirmarketyet,shesaid.

Forhispart,WilconChiefFinancialOfficerMarkAndrewY.Belosaidthecompanyseemsto
beontracktohitanetincomeofP1.2billionthisyear,theearningsguidancethecompany
disclosedinitsprospectusforitsinitialpublicofferinglastMarch.

In2016,thefirmdeliveredanetincomeofP886million.Inthefirstquarterof2017,it
bookedearningsofP391milliononthebackofa14.1%salesgrowthtoP3.67billionduring
theperiod.

WilconsharesclosedatP7eachonMonday,up2.64%or18centavosfromtheprevious
session.

http://www.bworldonline.com/adserver/bworldonline/print_preview.php?article_id=146991 1/2
6/23/2017 www.bworldonline.com/adserver/bworldonline/print_preview.php?article_id=146991

Articlelocation:http://www.bworldonline.com/content.php?section=Corporate&title=Wilcontoopenmorestoresoutside
MetroManila&id=146991

http://www.bworldonline.com/adserver/bworldonline/print_preview.php?article_id=146991 2/2

Вам также может понравиться