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.