S&R Membership Shopping
Product typeMembership-only retail warehouse club chain
OwnerPuregold Price Club
CountryPhilippines
Introduced2001
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

S&R's first branch at Bonifacio Global City

S&R Membership Shopping was established in 2001 as S&R Pricemart under a partnership with PriceSmart of the United States.[1][2] The name "S&R" stands for American businessmen Sol and Robert Price, founders of Price Club and PriceSmart.[1] PriceSmart is the first major foreign retailer to enter the Philippine market since the passage of the Retail Trade Act 2000 which liberalized the retail sector.[3] The first Philippine branch of PriceSmart opened at Bonifacio Global City (then The Fort) in November 2001.[4][5]

PriceSmart sold its share in the joint venture in 2005 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.[6][7]

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.[7]

In 2012, Puregold and Kareila underwent a merger. The former bought all the stakes of Kareila Management over S&R.[6][8]

Business model

S&R Membership Shopping adopts the US warehouse club model, exclusively for members. It targets the upper middle class[9] and offers a tire center at its locations. Additionally, S&R features a membership-free restaurant chain, known for its New York-style pizza.[10]

Branches

Aseana branch in Parañaque
Nuvali branch in Santa Rosa, Laguna

S&R has 26 branches as of December 2023.[11][12]

References

  1. 1 2 3 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. ↑ "PRICESMART, INC. 10-K 8/31/02". U.S. Securities and Exchange Commission. August 31, 2002. Retrieved August 17, 2022.
  6. 1 2 Montealegre, Krista Angels (March 29, 2012). "Puregold sets acquisition of S&R supermarkets". The Manila Times. Retrieved November 16, 2021.
  7. 1 2 Dagooc, Ehda (November 27, 2010). "S&R entry in Cebu to boost "member-shopping" culture". The Philippine Star. Retrieved November 16, 2021.
  8. ↑ "Puregold acquiring S&R for P16.5B". March 28, 2012. Retrieved November 16, 2021.
  9. ↑ "Retail marriage: Puregold to acquire S&R". Rappler. March 28, 2012. Retrieved November 16, 2021.
  10. ↑ Cabuag, V. G. (August 2, 2015). "S&R to double store count in five years". BusinessMirror. Retrieved November 16, 2021.
  11. ↑ Almazan, Faye (November 11, 2021). "Puregold posts P5.7-B 9-month earnings". The Manila Times. Retrieved November 16, 2021.
  12. ↑ https://www.snrshopping.com/page/sr-warehouse-club-locator
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