AllHome Corp., the listed retail arm of the Villar group, on Wednesday said it will introduce a smaller format of its big-box stores as the company adopts to the new normal with consumers changing its buying behavior.
In a statement, the company said it is introducing All Home Quick Fix, which it said will leverage on community locations of its sister firm Vista Land and Lifescapes Inc., the property development arm of the Villar group.
“A compact and efficient format, All Home Quick Fix carries essential everyday home needs that covers the basics of home improvement and repair. It provides a substantial offering of options and choices for DIY [do it yourself] and home improvement, covering a near identical set of key categories that can be found in the Philippines’ only one-stop shop home store: hardware, furniture, appliances, home wares and linens,” it said.
All Home vice chairman Camille A. Villar said she still views 2020 with optimism despite the effects of the Covid-19 pandemic.
“With the lockdown easing out and when the economic situation improves, AllHome may see itself opening more new stores, given its capability to fast track fit-out construction. In the meantime, our focus will be on improving the efficiency and productivity of the new stores and further enhancing the merchandise mix that would suit the changing demands of each store,” she said.
The company has 45 stores all over the country, and adding 22 new locations last year alone.
The company’s income in the first quarter rose 30 percent to P270.2 million, from last year’s P207.1 million, mainly as a result of its aggressive expansion.
Revenues for the period rose 41 percent to P3.4 billion, from P2.4 billion in the same period in 2019, the company said.