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S&R Membership Shopping

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 Bonifacio Global City, then known as The Fort.[4][5][6]

In 2005, PriceSmart sold its share in the joint venture and was acquired by Lucio Co and his family in 2006, and the retail chain was renamed as S&R Membership Shopping. The Co's operations over S&R is taken care of by Kareila Management, Inc. which also operates the Puregold Price Club.[7][8]

The chain opened three more branches in Metro Manila before opening its first branch outside of Metro Manila and Luzon in Mandaue, Cebu in 2010.[8]

In 2012, Puregold and Kareila underwent a merger. The former bought all the stakes of Kareila Management over S&R.[7][9]

In 2014, S&R opened its first standalone membership-free S&R New York Style Pizza restaurant in Fairview Terraces in Quezon City.[10]

Business model

S&R Membership Shopping adopts the US warehouse club model, exclusively for members. It targets the upper middle class[11] and offers a tire center at its locations. Additionally, S&R features a membership-free restaurant chain, known for its New York-style pizza.[12] S&R also has partnerships with UnionBank, offering a co-branded S&R membership card and credit card with additional S&R benefits,[13] and Unioil, which offers discounted gasoline and diesel prices for members at participating Unioil gas stations.[14]

Branches

As of December 2024, S&R operates 28 warehouse club branches, with 23 in Luzon, three in Visayas, and two in Mindanao.[15]

See also

External links

References

  1. Quennie Sanchez Bronce. S&R Shopping The Philippine Star, 2 October 2010, retrieved 16 November 2021^
  2. Doris Dumlao. S&R expands network Philippine Daily Inquirer, 25 August 2012, retrieved 16 November 2021^
  3. Maria Teresa Dueñas-Caparas. State of Competition in the Wholesale and Retail Sector Philippine Institute for Development Studies, retrieved 16 November 2021^
  4. PriceSmart opens 4th location in RP The Philippine Star, June 7, 2004, retrieved August 17, 2022^
  5. Teresa Defensor. Shopping American-style BusinessWorld, October 18, 2001^
  6. PRICESMART, INC. 10-K 8/31/02 U.S. Securities and Exchange Commission, August 31, 2002, retrieved August 17, 2022^
  7. Krista Angels Montealegre. Puregold sets acquisition of S&R supermarkets The Manila Times, 29 March 2012, retrieved 16 November 2021^
  8. Ehda Dagooc. S&R entry in Cebu to boost "member-shopping" culture The Philippine Star, 27 November 2010, retrieved 16 November 2021^
  9. Puregold acquiring S&R for P16.5B 28 March 2012, retrieved 16 November 2021^
  10. S&R Membership Shopping. S&R New York Style Pizza, Fairview Terraces August 14, 2014, retrieved August 9, 2024^
  11. Retail marriage: Puregold to acquire S&R Rappler, 28 March 2012, retrieved 16 November 2021^
  12. V. G. Cabuag. S&R to double store count in five years BusinessMirror, 2 August 2015, retrieved 16 November 2021^
  13. UnionBank S&R Visa Platinum Card UnionBank, retrieved September 17, 2024^
  14. Unioil extends partnership with S&R until 2027 Unioil, November 1, 2021, retrieved September 17, 2024^
  15. S&R Warehouse Club Locator S&R Membership Shopping, retrieved May 13, 2024^