Robinsons Retail Holdings Inc said e-commerce sales continued to rise, registering nearly three times increase from the previous year, including sales from third-party platforms.
E-commerce helped drive the company’s 2020 net sales of P151 billion. The amount, however, was seven per cent lower from the previous year.
The drop in net sales was due to the economic effects of the pandemic. Sales includes the two months’ results of Rose Pharmacy, a leading chain in the Visayas, which was acquired in October 2020.
The company added that it is on a fast-track in increasing its e-commerce presence, capitalizing on the shift in buyer preferences towards online marketplaces, which was made more pronounced by the pandemic.
Robinsons Retail operates its own e-commerce platforms– gorobinsons.ph, southstardrug.com.ph, and robinsonsappliances.com.ph.
GoRobinsons has onboarded six banners, namely, Robinsons Supermarket, The Marketplace, Shopwise, Toys ‘R’ Us, No Brand, and Handyman Do-It-Best. It is set to add other formats to its site this year.
Selling via third-party platforms, meanwhile, still remains part of the Company’s strategy to increase sales contribution from e-commerce.
Robinsons Retail’s e-commerce sales continued to rise, registering a nearly 3x increase from the previous year including sales from third-party platforms.
Blended same store sales growth (SSSG) was negative 8.9% for full year 2020 mainly due to the performance of the non-essential formats which were closed for eight weeks in 2020.
However, SSSG of the supermarket segment was strong at 7.7%. SSSG of the drugstores segment ended flat, as sales of prescription drugs slowed down in the second half of the year with less people visiting hospitals.
SSSG of the department store, do-it-yourself (DIY) and convenience store segments were down in 2020 but showed improvement in the fourth quarter as quarantine restrictions eased. Unaudited net income attributable to the equity holders of the parent company reached ₱2.93 billion for the full year 2020. – BusinessNews.ph
