VILLAR-LED AllHome Corp. is seeking to finish the year with two new shops since it’s encouraged by current shops’ durability throughout the coronavirus-related lockdown.
“We’re optimistic in the operation of our provincial shops, particularly with our latest launching in Santiago City, Isabela. For the remainder of 2020, we’ve identified at least two more shops to start, finishing 2020 with 49 shops, in minimum,” AllHome President Benjamarie Therese N. Serrano stated in the announcement.
“We’ve corrected the launching programs, given that the building delays and financial effect of this outbreak. We proposed to postpone new shop opening to 2021, but together with the trend we’re seeing, we’ve opted to start at least four new shops this 2020,” she added.
The majority of AllHome’s present shops are located in Metro Manila and its neighboring areas, accounting for 37 shops from the 47-store network. Five others are outside of Manila but over the Luzon island, whereas another five are dispersed in Visayas and Mindanao.
The business assembles its stores in places around residential areas to target house owners searching for construction materials, hardware, tiles, sanitary products, appliances, furniture, housewares, and linens.
AllHome reserved a 37 percent earnings fall to P275.65 million from the first six months of this year, although its earnings climbed 4% to P4.85 billion.