S&R Membership Shopping

S&R Membership Shopping
S&R's first branch at Bonifacio Global City
Product typeMembership-only retail warehouse club chain
OwnerPuregold Price Club Inc.
CountryPhilippines
IntroducedNovember 2001; 23 years ago (2001-11)
MarketsPhilippines
Previous ownersPSMT Philippines, Inc.[1]
Websitesnrshopping.com Edit this at Wikidata

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

History

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S&R Membership Shopping was established in 2001 as S&R PriceSmart, a franchise of American membership 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] The first branch of PriceSmart was a 5,000 m2 (0.50 ha) property in Bonifacio Global City (then known as The Fort), which opened in November 2001.[4][5][6]

In 2005, PriceSmart sold its share in the joint venture 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.[7][8]

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.[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

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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

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

References

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  1. ^ a b c 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. ^ Defensor, Teresa (October 18, 2001). "Shopping American-style". BusinessWorld – via NexisUni. The first outlet opened last May in a 5,000 sq.m. property at Fort Bonifacio Global City in Taguig
  6. ^ "PRICESMART, INC. 10-K 8/31/02". U.S. Securities and Exchange Commission. August 31, 2002. Retrieved August 17, 2022.
  7. ^ a b Montealegre, Krista Angels (March 29, 2012). "Puregold sets acquisition of S&R supermarkets". The Manila Times. Retrieved November 16, 2021.
  8. ^ a b Dagooc, Ehda (November 27, 2010). "S&R entry in Cebu to boost "member-shopping" culture". The Philippine Star. Retrieved November 16, 2021.
  9. ^ "Puregold acquiring S&R for P16.5B". March 28, 2012. Retrieved November 16, 2021.
  10. ^ S&R Membership Shopping (August 14, 2014). S&R New York Style Pizza, Fairview Terraces (Video). Retrieved August 9, 2024 – via Facebook.
  11. ^ "Retail marriage: Puregold to acquire S&R". Rappler. March 28, 2012. Retrieved November 16, 2021.
  12. ^ Cabuag, V. G. (August 2, 2015). "S&R to double store count in five years". BusinessMirror. Retrieved November 16, 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.
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