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From Wikipedia, the free encyclopedia
Metro Retail Stores Group Inc. (stylized as METRO Retail Stores Group Inc., shortly known as Metro Retail or Metro) is a retail company based in Mandaue, Cebu, Philippines.
| |
| Formerly | Metro Gaisano |
|---|---|
| Company type | Public |
| PSE: MRSGI | |
| Industry | Retail |
| Predecessor | White Gold Department Store |
| Founded | 1982 in Cebu, Philippines |
| Founders | Victor Gaisano Sally Gaisano |
| Headquarters | Mandaue, Cebu, Philippines |
Number of locations | 46 stores (2015) |
Areas served | Philippines |
Key people | Frank S. Gaisano (Chairman and CEO) Jack S. Gaisano (President and COO) |
Number of employees | 9,000[1] (2015) |
| Parent | Vicsal Development Corporation[2] |
| Website | shopmetro |
According to a 2014 report by Euromonitor, Metro is the largest operator of department stores and hypermarkets in the Visayas region, as well as the second largest supermarket operator according to retail sales value.[2]
In 1949, Modesta Gaisano, together with her five sons, established White Gold Department Store. After the death of Gaisano in 1981, her sons pursued their respective business interests.
In 1982, Victor and Sally Gaisano—together with their children, Margaret, Jack, Edward and Frank—established the Metro Gaisano Department Store and Supermarket.
Metro Retail later expanded to major cities outside Cebu. Metro stores also opened stores in key cities in Central, Western and Eastern Visayas, as well as in Central Luzon, Metro Manila and South Luzon.
The company's expansion in Metro Manila in particular was marked by the opening of Market! Market! in the early 2000s.[1]
Metro was listed on the Philippine Stock Exchange on November 25, 2015.[3]
Metro Retail Stores follows the following retail store formats: Metro Department Store, Metro Supermarket, Super Metro Hypermarket and Metro Fresh n’ Easy Neighborhood Store.
As of November 2015, Metro Retail operates 46 stores across the Philippines specifically in the Visayas, Central Luzon, Metro Manila, Calabarzon and Bicol regions.[3] It is planned to open a store in Mindanao by 2017.[1]
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