Friday 20 July
Powered by Ajaxy
Nov 17, 2017 @ 20:46

Wilcon Depot pushes back opening of new stores to 2018

 

Wilcon Depot Inc. may be forced to delay the opening of two or three stores planned for this year due to logistics issues.

The Belo-owned construction materials and hardwae retailer had programmed to open eight depots this year.

Wilcon said it has been “experiencing construction delays owing to logistics challenges and uncooperatove weather in the areas where we are currently constructing that may push back two or three of our scheduled openings to next year.”

“The delay though is not expected to adversely impact our earnings for this year or contract the planned 29 stores from 2017 to 2021,” Wilcon said.

For the last quarter, Wilcon opened its Cabanatuan branch, its fourth for the year.

“Management is satisfied with the pace of the store openings despite the delays since this would give time for the newly opened stores to ramp up and gain traction and contribute to the recovery of forthcoming operating expenses associated with new store openings,” Wilcon said.

Tags: ,

Related Stories
Home improvement and construction supply retailer Wilcon Depot Inc. is investing P4.6 billion over the
Home improvement and construction supplier Wilcon Depot Inc. plans to open 24 more outlets in
Home improvement and construction supplier Wilcon Depot Inc. has earmarked a P2-billion capital expenditure this
Home improvement and construction supplier Wilcon Depot Inc. expects to reach its target of 65


 

Trending News

Recommended on sister sites

Copyright © 2018 Bilyonaryo - Latest news on the richest Filipinos and Family Business.