Puregold set its 2020 capital expenditure at P3.4 billion, with a large portion to be spent on the establishment of new Puregold and S&R stores. “Puregold will…continue its expansion program by opening 25 new Puregold stores, and has opened [two] S&R membership shopping warehouses in 2020. It also plans “to offer online grocery shopping to 100 Puregold stores from the current 40 stores in our Puregold Mobile App by [the] end of 2020,” it added. The move is in anticipation of the change in consumer shopping behavior due to the coronavirus disease 2019 pandemic. Of this number, 380 are Puregold stores, 18 are S&R branches and 38 are S&R New York Style QSR branches.

Source: Manila Times May 27, 2020 17:01 UTC