Puregold to expand business in Mindanao

Retailer Puregold Price Club, Inc. set to expand their supermarket business in Mindanao, particularly in Cagayan de Oro, Butuan, Digos, Davao del Sur, Tagum, Davao del Norte and in Davao City.

According to the Senior Vice President of Puregold Aida de Guzma from press release of GMANews (http://www.gmanetwork.com/news/story/309596/economy/companies/puregold-to-open-three-stores-in-mindanao), three branches will be in Davao region, particularly in Digos in June, Tagum in July and Davao City in August this year.

"What we are doing is taking an opportunistic approach to growth and looking at Mindanao and the Visayas to see what is feasible,” De Guzman said Wednesday at a briefing after the opening of the firm’s Tindahan ni Aling Puring Sari-Sari Store Convention 2013 at the World Trade Center in Pasay.

Puregold Price Club Cagayan de Oro. Taken from CDODev.com

Aside from its expansion in Northern Mindanao and Davao Region, the retailer also eyes to expand in Zamboanga and General Santos within this year. Puregold has set its capital expenditures at P3 billion for the new stores.