Product type | Membership-only retail warehouse club chain |
---|---|
Owner | Puregold Price Club |
Country | Philippines |
Introduced | 2001 |
Markets | Philippines |
Previous owners | PSMT Philippines, Inc. [1] |
Website | snrshopping.com |
S&R Membership Shopping is a chain of membership-only retail warehouse club in the Philippines.
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]
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]
As of May 2024, S&R operates 27 warehouse club branches, with 23 in Luzon, three in Visayas, and two in Mindanao. [11]
Product type | Membership-only retail warehouse club chain |
---|---|
Owner | Puregold Price Club |
Country | Philippines |
Introduced | 2001 |
Markets | Philippines |
Previous owners | PSMT Philippines, Inc. [1] |
Website | snrshopping.com |
S&R Membership Shopping is a chain of membership-only retail warehouse club in the Philippines.
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]
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]
As of May 2024, S&R operates 27 warehouse club branches, with 23 in Luzon, three in Visayas, and two in Mindanao. [11]