By Alexandria Grace C. Magno, Reporter
RETAILERS are betting on a stronger second half of the year as the Philippine market absorbs the exit and closure of some brands, with the Christmas season expected to test whether consumer spending can recover after a difficult first half.
The retail environment has been marked by weaker foot traffic, higher operating costs and more cautious consumers, prompting companies to tighten inventory management, adjust their product offerings and seek growth in fresh brands, categories and locations.
Golden ABC Vice-President for Strategy and Operations Bryan Liu said brand entries and exits are a normal part of retail, but the pace of change underscores the need for retailers to remain flexible.
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