AllHome Corp., the listed retail firm of the Villar Group, said it will continue to expand its store network and is hoping to open two more new branches in the country before the year ends.
The company, which currently has 47 branches with the opening of new stores in Las Piñas and in Santiago City, Isabela, said it will end the year with at least 49 branches and will continue its expansion next year.
“We are optimistic in the performance of our provincial stores especially with our most recent opening in Santiago City, Isabela. We have a solid pipeline of new stores around the country and with the help of our affiliates under the Villar Group, we foresee that we can fast-track the completion of these new stores in 2020,” Benjamarie Therese N. Serrano, the company’s president, said.
“We have adjusted the opening schedules given the construction delays and economic impact of this pandemic. Initially, we planned to delay new store openings to 2021 but with the trend we are seeing, we have decided to open at least 4 new stores this 2020.”
All Value Holdings Corp. chairman Manuel B. Villar Jr. said its new branches will be built closer to residential communities as more and more consumers deem it a priority to lessen movement and shop closer to home.
“AllHome stores offer ample space for shoppers to maintain the necessary physical distancing. Being a one-stop shop, consumers no longer need to transfer to another store to complete their home and building shopping,” he said.
All Value is the unlisted mother unit of All Home.
To date, AllHome has 37 stores in Metro Manila and nearby provinces, 5 in Luzon, and 5 in Visayas and Mindanao.
On the strength of this growing network, residential communities including Vista Land homeowners, architects, interior designers and contractors in these cities are provided easy access to a comprehensive for home and building needs, the company said.
It currently offers 32 in-house brands across all carried categories.
The company’s income was down by 36 percent in the first half to P275.65 million from last year’s P434.3 billion.
Revenues for the period came in at P4.85 billion, down 4 percent from last year’s P5.05 billion, mainly brought about by the closure of stores during the enhanced community quarantine from March 17 to May 15. The stores reopened on May 16 when the modified enhanced community quarantine was implemented.
Image credits: AllHome Corp.