S&R Membership Shopping is a membership-only retail warehouse club chain in the Philippines.
History
S&R Membership Shopping was established in 2001 as S&R PriceSmart, a franchise of the American membership-only warehouse club chain PriceSmart.[1][2] The name "S&R" stands for American businessmen Sol and Robert Price, founders of Price Club and PriceSmart.[1] PriceSmart was the first major foreign retailer to enter the Philippine market since the passage of the Retail Trade Act of 2000, which liberalized the retail sector.[3] In November 2001, PriceSmart opened its first branch on a 5000 sqm property in