S&R Membership Shopping

S&R Membership Shopping is a chain of membership-only retail warehouse club in the Philippines.

S&R Membership Shopping
Product typeMembership-only retail warehouse club chain
OwnerPuregold Price Club
CountryPhilippines
Introduced2001
MarketsPhilippines
Previous ownersPSMT Philippines, Inc.[1]
Websitesnrshopping.com Edit this at Wikidata

History
S&R's first branch at Bonifacio Global City

S&R Membership Shopping was established in 2001 as S&R Pricemart under a partnership with PriceSmart of the United States.[1][2] The name "S&R" stands for American businessmen Sol and Robert Price, founders of Price Club and PriceSmart.[1] PriceSmart is the first major foreign retailer to enter the Philippine market since the passage of the Retail Trade Act 2000 which liberalized the retail sector.[3] The first Philippine branch of PriceSmart opened at Bonifacio Global City (then The Fort) in November 2001.[4][5]

PriceSmart sold its share in the joint venture in 2005 and was acquired by the Co family in 2006, and the retail chain was renamed as S&R Membership Shopping. The Co family's operations over S&R is taken care of by Kareila Management, Inc. which also operates the Puregold Price Club.[6][7]

S&R expanded outside Metro Manila, when it opened its fifth branch in Mandaue, Cebu in 2010. The chain's first four chains were in Metro Manila.[7]

In 2012, Puregold and Kareila underwent a merger. The former bought all the stakes of Kareila Management over S&R.[6][8]

Business model

S&R Membership Shopping follows the warehouse club concept popularized in the United States. Its branches or "warehouses" are only open to members. S&R is meant for the upper middle class demographic.[9] S&R also has a tire center at its branches. S&R also has a restaurant chain that is open to the general public without membership necessary, highlighting their New York-styled pizza.[10]

Branches
Aseana branch in Parañaque
Nuvali branch in Santa Rosa, Laguna

S&R has 24 branches as of November 2023.[11] The first branch is located in Bonifacio Global City, opened in 2001.

References
  1. Bronce, Quennie Sanchez (October 2, 2010). "S&R Shopping". The Philippine Star. Retrieved November 16, 2021.
  2. Dumlao, Doris (August 25, 2012). "S&R expands network". Philippine Daily Inquirer. Retrieved November 16, 2021.
  3. Dueñas-Caparas, Maria Teresa. "State of Competition in the Wholesale and Retail Sector" (PDF). Philippine Institute for Development Studies. p. 34. Retrieved November 16, 2021.
  4. "PriceSmart opens 4th location in RP". The Philippine Star. June 7, 2004. Retrieved August 17, 2022.
  5. "PRICESMART, INC. 10-K 8/31/02". U.S. Securities and Exchange Commission. August 31, 2002. Retrieved August 17, 2022.
  6. Montealegre, Krista Angels (March 29, 2012). "Puregold sets acquisition of S&R supermarkets". The Manila Times. Retrieved November 16, 2021.
  7. Dagooc, Ehda (November 27, 2010). "S&R entry in Cebu to boost "member-shopping" culture". The Philippine Star. Retrieved November 16, 2021.
  8. "Puregold acquiring S&R for P16.5B". March 28, 2012. Retrieved November 16, 2021.
  9. "Retail marriage: Puregold to acquire S&R". Rappler. March 28, 2012. Retrieved November 16, 2021.
  10. Cabuag, V. G. (August 2, 2015). "S&R to double store count in five years". BusinessMirror. Retrieved November 16, 2021.
  11. Almazan, Faye (November 11, 2021). "Puregold posts P5.7-B 9-month earnings". The Manila Times. Retrieved November 16, 2021.
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