Metro Retail upbeat on retail sales recovery

·1 min read

CEBU-BASED retailer Metro Retail Stores Group Inc. (MRSGI) managed to narrow its losses to P306.41 million for the first nine months of 2021, an improvement from a net loss of P421.87 million last year. The Gaisano-led retailer remains upbeat for better results moving forward, especially in this holiday season. With the country pivoting toward economic recovery largely due to relaxed restrictions and ongoing vaccination rollout, economic activities and consumer sentiment have been improving. The company, however, will continue to practice fiscal prudence as it invests resources in its omnichannel strategy. The company’s online store,, continues to be upgraded to make shopping easier for its customers. (PR)

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