Property

Gaisano family’s Metro Retail preparing for digital as the new normal

With millions of people holed up in their homes due to the coronavirus pandemic, consumers are turning to online retailers for groceries, health and wellness products and other personal needs.

With millions of people holed up in their homes due to the coronavirus pandemic, consumers are turning to online retailers for groceries, health and wellness products and other personal needs.

Adapting to this new reality, Metro Retail Stores Group Inc. of the Cebu-based Gaisano clan launched the first phase of its e-commerce program where customers can order products via call, text, and online.

MRSGI has also partnered with online grocery operators to make its products available to the growing communities these entities serve.

With its shift to digital commerce, the company hopes to offset diminished foot traffic in physical stores, build more resilience in its customer experience and emerge even stronger in the recovery of the retail sector.

Meanwhile, Metro supermarkets, hypermarkets and pharmacies remain open to ensure that shoppers have access to basic goods and other items they need.Metro department stores in areas under general community quarantine and modified enhanced community quarantine are back in business.

Metro Supermarket Market! Market! was recently recognized for its food safety and sanitation practices by the Societe Generale de Surveillance (SGS) Philippines, a leading inspection, verification, testing and certification body.

MRSGI said its financial position remains solid with cash resources amounting to P2.45 billion.

The company’s board of directors approved the declaration of cash dividends amounting to P205.76 million or P0.06 per share to stockholders of record as of May 29, to be paid on June 15, 2020.

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