Posted Posted September 08, 2019
FIRST MERRYMART GROCERY OPENS APRIL 29, 2019
- MERRYMART Grocery Centers Inc. celebrated two milestones last April 29, 2019. The first is the opening of its first supermarket at the Ground Floor of DoubleDragon Plaza, DD Meridian Park, Bay Area, Metro Manila, and the setting of MERRYMART’s 12-12-12 Vision 2030.
- MERRYMART aims to cover all the grocery retail categories from small, medium and large grocery retail formats. MERRYMART will have three (3) grocery retail formats:
- 1. MERRYMART Grocery
- 2. MERRYMART Market
- 3. MERRYMART Store
MERRYMART has set its 12-12-12 Vision 2030 with the goal of rolling out a total of 1,200 MERRYMART branches nationwide, it aims to reach Php 120 Billion in systemwide sales revenue, and eyes a timetable to achieve the set targets within 12 years from today.
"This is going back to our basics. My grandfather started his grocery store in the 1950’s in our hometown. My parents as well opened their own grocery business way back in 1989 and have been operating successfully for 30 years and counting. This background gives our family extensive experience in the retail business," said MerryMart Chairman Edgar “Injap” Sia II
MERRYMART plans to develop the company brand through company-owned stores, as well as opening it for franchise to the public. MERRYMART will serve as a platform for the existing local and traditional groceries to convert and be part of a modern branded retail chain network while retaining ownership of the store as a franchisee of MERRYMART. Being part of the MERRYMART network will enable the current traditional retailers to future-proof themselves and keep them relevant for the next many decades, and also enable them to bridge the ongoing shift from traditional retail to modern retail. This shift is inevitable when a developing country evolves to eventually become a first world country.
"We would like to take advantage of our group's knowhow in franchising, and our familiarity of the Philippine market terrain, just like in the rollout of Mang Inasal, CityMall, Hotel101 and CentralHub network. We believe this step will further strengthen the market grip of all the industries that our group is involved in," added Edgar “Injap” Sia II
“Our family initially had no plans to expand the grocery business, but our recent experiences made us realize the need for us to be in the modern grocery retail business. Moreover there are undeniable synergies between the real estate and retail businesses, and in our case, gladly the grocery retail have always been in our blood," Edgar “Injap” Sia II further added
"MERRYMART emphasizes on providing the consumer a wide assortment of merchandise, maintaining competitive pricing and achieving excellent customer experience all the time," said MerryMart General Manager Ms. Ditas Taleon
"In behalf of the whole MERRYMART team, I would like to invite everyone to come and experience the flagship MERRYMART Grocery milestone first branch at DoubleDragon Plaza (across Mang Inasal), and check out our weekly merry good deals for you!" MerryMart General Manager Ms. Taleon added
The company also expects to set up several MerryMart warehouses and distribution centers to support the MerryMart retail shops around the country and intends to locate these in DoubleDragon’s CentralHub warehouse complexes.
Injap Investments Inc. is the parent company of MerryMart Grocery Centers Inc.