Introduction
Discount grocery chains have gained popularity in the Philippines as consumers seek affordable options for their daily shopping needs. In this report, we will explore the top 10 discount grocery chains in the Philippines based on market share. We will analyze their financial data, industry insights, and current trends to provide a comprehensive overview of the discount grocery market in the country.
1. Puregold Price Club
Market Share:
Puregold Price Club is one of the leading discount grocery chains in the Philippines with a significant market share. As of 2021, Puregold has around 400 stores nationwide and continues to expand its presence in key cities and provinces.
Financial Data:
In 2020, Puregold reported a net income of Php 5.6 billion, showcasing its strong financial performance despite the challenges brought about by the pandemic. The company’s revenue also saw a growth of 7% compared to the previous year.
Industry Insights:
Puregold’s success can be attributed to its strategic pricing strategies, wide product assortment, and strong brand presence. The company caters to the mass market segment, offering quality products at competitive prices.
2. SM Hypermarket
Market Share:
SM Hypermarket, a subsidiary of SM Supermalls, is another major player in the discount grocery segment in the Philippines. With over 50 stores nationwide, SM Hypermarket has a strong presence in key urban areas.
Financial Data:
SM Hypermarket reported a net income of Php 3.2 billion in 2020, demonstrating its resilience amidst the economic downturn caused by the pandemic. The company’s revenue remained stable, reflecting the strong demand for affordable grocery options.
Industry Insights:
SM Hypermarket benefits from the strong brand equity of the SM Group and its extensive retail network. The company offers a diverse range of products, including fresh produce, household essentials, and electronics, catering to the needs of budget-conscious consumers.
3. Robinsons Supermarket
Market Share:
Robinsons Supermarket, a subsidiary of Robinsons Retail Holdings, Inc., is a prominent player in the discount grocery market in the Philippines. The company operates over 200 stores nationwide, serving both urban and rural communities.
Financial Data:
In 2020, Robinsons Retail Holdings reported a net income of Php 3.5 billion, driven by the strong performance of its supermarket and convenience store segments. The company’s revenue grew by 5% compared to the previous year.
Industry Insights:
Robinsons Supermarket focuses on offering quality products at affordable prices, catering to the needs of price-sensitive consumers. The company’s store network and promotional activities contribute to its competitive position in the market.
4. Savemore Market
Market Share:
Savemore Market, another subsidiary of Robinsons Retail Holdings, Inc., is a popular choice for budget-conscious shoppers in the Philippines. The chain operates over 100 stores nationwide, with a strong presence in urban areas.
Financial Data:
Savemore Market contributed significantly to Robinsons Retail Holdings’ overall performance in 2020, generating a net income of Php 1.8 billion. The chain’s revenue increased by 3% compared to the previous year, highlighting its steady growth.
Industry Insights:
Savemore Market differentiates itself through its affordable pricing, promotional offers, and convenient store locations. The chain’s focus on customer satisfaction and value for money has helped it build a loyal customer base.
5. Metro Supermarket
Market Share:
Metro Supermarket, a subsidiary of Metro Retail Stores Group, Inc., is a key player in the discount grocery segment in the Philippines. The chain operates over 50 stores nationwide, offering a wide range of products at competitive prices.
Financial Data:
Metro Retail Stores Group reported a net income of Php 2.1 billion in 2020, with its supermarket segment contributing significantly to its overall performance. The company’s revenue remained stable despite the challenges posed by the pandemic.
Industry Insights:
Metro Supermarket focuses on providing a convenient shopping experience for customers through its well-stocked stores, competitive pricing, and promotional activities. The chain’s strong brand reputation and customer loyalty contribute to its market share.
6. Shopwise
Market Share:
Shopwise, a subsidiary of Rustan Supercenters, Inc., is a well-known discount grocery chain in the Philippines. The chain operates over 20 stores nationwide, with a focus on offering quality products at affordable prices.
Financial Data:
Rustan Supercenters, Inc. reported a net income of Php 1.2 billion in 2020, with its supermarket segment, including Shopwise, contributing to its financial performance. The company’s revenue saw a slight decline compared to the previous year.
Industry Insights:
Shopwise differentiates itself through its fresh produce, imported goods, and exclusive product offerings. The chain’s focus on quality, value, and customer service has helped it build a loyal customer base in the competitive grocery market.
7. Waltermart Supermarket
Market Share:
Waltermart Supermarket, a subsidiary of Waltermart Retail Inc., is a prominent player in the discount grocery segment in the Philippines. The chain operates over 20 stores nationwide, serving both urban and rural communities.
Financial Data:
Waltermart Retail Inc. reported a net income of Php 800 million in 2020, with its supermarket segment contributing significantly to its overall performance. The company’s revenue remained stable despite the challenging economic environment.
Industry Insights:
Waltermart Supermarket focuses on providing a diverse product assortment, competitive pricing, and customer-centric services. The chain’s commitment to quality, affordability, and innovation has helped it attract and retain customers in the competitive grocery market.
8. LCC Supermarket
Market Share:
LCC Supermarket is a popular choice for budget-conscious shoppers in the Bicol region of the Philippines. The chain operates over 30 stores in key cities and provinces, offering a wide range of products at affordable prices.
Financial Data:
LCC Retail Ventures, Inc., the parent company of LCC Supermarket, reported a net income of Php 500 million in 2020, with its supermarket segment contributing to its financial performance. The company’s revenue showed a slight increase compared to the previous year.
Industry Insights:
LCC Supermarket differentiates itself through its focus on local products, promotional offers, and community engagement. The chain’s strong brand presence in the Bicol region and commitment to customer satisfaction have helped it maintain a loyal customer base.
9. Super8 Grocery Warehouse
Market Share:
Super8 Grocery Warehouse is a leading discount grocery chain in the Philippines, known for its competitive pricing and wide product assortment. The chain operates over 50 stores nationwide, catering to the needs of budget-conscious consumers.
Financial Data:
Super8 Retail Systems, Inc. reported a net income of Php 300 million in 2020, with its grocery warehouse segment contributing significantly to its financial performance. The company’s revenue remained stable despite the economic challenges.
Industry Insights:
Super8 Grocery Warehouse focuses on providing value for money, bulk discounts, and promotional deals to attract customers. The chain’s strategic pricing strategies and customer-centric approach have helped it establish a strong foothold in the competitive grocery market.
10. San Roque Supermarket
Market Share:
San Roque Supermarket is a popular choice for budget-conscious shoppers in the Visayas region of the Philippines. The chain operates over 20 stores in key cities and provinces, offering a diverse range of products at affordable prices.
Financial Data:
San Roque Marketing Corporation reported a net income of Php 200 million in 2020, with its supermarket segment contributing to its financial performance. The company’s revenue showed a slight increase compared to the previous year.
Industry Insights:
San Roque Supermarket differentiates itself through its customer-friendly services, promotional activities, and community involvement. The chain’s strong brand presence in the Visayas region and commitment to customer satisfaction have helped it build a loyal customer base.
Conclusion
In conclusion, the discount grocery market in the Philippines is highly competitive, with several key players vying for market share. Companies like Puregold Price Club, SM Hypermarket, and Robinsons Supermarket have established themselves as leaders in the industry, offering quality products at affordable prices. With consumers becoming more price-conscious, discount grocery chains play a crucial role in meeting their shopping needs. By understanding the market dynamics, consumer preferences, and industry trends, discount grocery chains can continue to thrive and expand their presence in the Philippines.
