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The inherent strength of the business was evident throughout the fourth quarter, with sales growth rising steadily from October to December. Overall net sales for 2016 hit P34.4 billion, an increase of P2.1 billion over 2015 for all-stores. MRSGI ramped up its supply chain and logistics modernization program over the course of the year. It inaugurated a warehouse facility in Cebu with advanced storage and security features, as well as added new delivery trucks—each equipped with tracking devices – to its fleet to ensure real-time monitoring of delivery and improve overall cost efficiency. MRSGI is looking to sustain this growth trajectory in 2017, with initiatives in place to bolster sales and improve store-by-store profitability.

PR Published in the Sun.Star Cebu newspaper on March 17, 2017.

Read more: http://www.sunstar.com.ph/cebu/business/2017/03/16/strong-q4-performance-drives-metro-retail-growth-2016-531427
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