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S&R Membership Shopping

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Philippine chain of warehouse clubs

S&R Membership Shopping
[REDACTED]
S&R 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.
Websitesnrshopping.com Edit this at Wikidata

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. The name "S&R" stands for American businessmen Sol and Robert Price, founders of Price Club and PriceSmart. 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. In November 2001, PriceSmart opened its first branch on a 5,000 m (0.50 ha) property in Bonifacio Global City, then known as The Fort.

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.

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.

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

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

Business model

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

Branches

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

See also

References

  1. ^ 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. ^ Montealegre, Krista Angels (March 29, 2012). "Puregold sets acquisition of S&R supermarkets". The Manila Times. Retrieved November 16, 2021.
  8. ^ 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.

External links

Supermarkets of the Philippines
Supermarkets
Hypermarkets
  • Puregold
  • SM Hypermarket
  • Shopwise
  • S&R Membership Shopping
  • Landers Superstore
  • Super 8 Retail Systems
  • Prince Hypermart
    • Discounters
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