FRUITAS Holdings, Inc.’s goal, when it continues its growth plans, is to open new neighborhood shops in various locations in the world.
The mentioned food and beverage kiosk operator said in a regulatory document on Monday that he has 20 more areas to find for neighborhood stores and that there are around 20 more places at the final stage of discussions on leases.
Fruitas claims it is working to raise the retail network to 100 by 2021, or more than three times as many as 30 outlets at the end of 2020. At the end of 2020, the organization has agreed to do so.
The business told me that a community store in Malhacan Lane, Meycauayan, Bulacan, was opened by Soy & Bean. The first Community store beyond Manila Metro and Cebu Metro is Fruitas’ latest branch.
The company also announces the opening in Makati, on Isle Plaza, Salcedo Village, of its second community store in the Soy and Bean area.
“Metro Manila and Cebu are the next generation of group stores, with branches in Rizal, Pampanga, Cavite and Aklan,” the firm said.
Lester C. Yu, Chairman and Managing Director of Fruitas, reported that the neighborhood stores of the business have been attracting customers favorably.
He continued that the constant growth of the business allows it an appealing distributor and helps consumers to enter shops quicker.
“There’s at least 70 neighborhood shops and a hundred kiosks in our annual roll-out project, but we’re also searching for more openings,” said Mr Yu.
Under the company’s initiative to enhance consumer service in the coronavirus 2019 (COVID-19) pandemic, Fruitas provides curb order and collection in its local stores.
“It helps time-conscious and health-conscious clients to shop Fruitas’ favorite products and a refined range of their partner goods without leaving their car,” the company said.
In January Fruitas reported that the capital expenditure for 2021, which will act as a fund for growth and potential acquisition plans, has been granted P240 million for P270 million.