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                    [ArticleID] => 150909
                    [Title] => International retailers not likely to enter RP mart soon
                    [Summary] => Trade and Industry Secretary Manuel Roxas II does not foresee any international players entering the Philippine retail market in the near future.


Roxas said there used to be 10 world-sized retailers, but since several firms have folded up or merged, there are only three major players.


Roxas cited the case of K-Mart, which recently declared bankruptcy, while Federated and Macy’s have merged.


Roxas had hoped that the passage of the Retail Trade Liberalization Law would encourage international retailers to come to the Philippines and invest.


                    [DatePublished] => 2002-02-17 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1805266
                    [AuthorName] => Marianne V. Go
                    [SectionName] => Business
                    [SectionUrl] => business
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FEDERATED AND MACY

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                    [ArticleID] => 150909
                    [Title] => International retailers not likely to enter RP mart soon
                    [Summary] => Trade and Industry Secretary Manuel Roxas II does not foresee any international players entering the Philippine retail market in the near future.


Roxas said there used to be 10 world-sized retailers, but since several firms have folded up or merged, there are only three major players.


Roxas cited the case of K-Mart, which recently declared bankruptcy, while Federated and Macy’s have merged.


Roxas had hoped that the passage of the Retail Trade Liberalization Law would encourage international retailers to come to the Philippines and invest.


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abtest

International retailers not likely to enter RP mart soon

By Marianne V. Go | February 17, 2002 - 12:00am

Trade and Industry Secretary Manuel Roxas II does not foresee any international players entering the Philippine retail market in the near future. Roxas said there used to be 10 world-sized retailers, but since several...

Business