Академический Документы
Профессиональный Документы
Культура Документы
article_id=146991
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