Connect with us

Hi, what are you looking for?


Wilcon on track to achieving 100 store target by 2025


WILCON Depot, Inc. officials said that the home improvement firm is on track to reaching its target of having 100 stores by end-2025 as part of its network expansion initiative.

“As we enter our 45th year as a business this 2022, we continue to focus on our strategic growth plans to fulfill our mission. We are well on our way to reaching our 100-strong store network by the end of 2025 as we ended 2021 with 73 branches,” said William T. Belo, Wilcon’s founder and chairman emeritus, in a press release on Monday.

“This thrust is anchored on our confidence in our market’s resiliency and that their desire to build, improve and refine their homes for a sustainable and comfortable life remains unchanged,” he added.

In a media briefing on Monday, Wilcon President Lorraine Belo-Cincochan said the company is targeting to have 81 stores by the end of the year.

“It’s only 2022, so I think we are on track given the pace we have. Hopefully, there are no more surges or restrictions in mobility. It’s going to be quite timely for the 100-store target,” she said.

“We want to continue to expand our product mix. We are customer-driven and customer-focused in the categories we carry. We continue to have an edge given our experience, and track record,” she added.

Aside from Wilcon’s store network expansion target, Ms. Belo-Cincochan also said that the company will continue to focus on margin improvements through product mix strategies.

In the same briefing, Wilcon Chief Operating Officer Rosemarie B. Ong said that for the rest of the year, the outlook is positive as she sees construction activity increasing amid eased restrictions.

“The outlook is still very positive given that we had the election last May. The trend still continues as far as the construction sector is concerned. It’s alive and active now. Many constructions disrupted in 2021 are now continuing. People are going back to the city now and we’ve seen how the economy has recovered in retail, even more so with home improvement. We’re seeing a lot of activity, especially institutional and private construction,” she said.

In the first quarter, Wilcon reported that its net income increased 40.7% to P850.67 million from P604.41 million, driven by higher sales. Net sales likewise surged 14.5% to P7.65 billion from P6.68 billion in 2021.

Wilcon shares rose by 0.64% or 15 centavos to P23.45 on Monday. — Luisa Maria Jacinta C. Jocson

Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!



PHILIPPINE STAR/ MICHAEL VARCAS WASHINGTON D.C. — The United States is seeking to form a coalition of countries to drive negotiations on a global...


Buildings are seen along EDSA in Quezon City. — PHILIPPINE STAR/ MIGUEL DE GUZMAN By Diego Gabriel C. Robles  THE WORLD BANK (WB) upgraded...


Heavy traffic is seen on the southbound lane of EDSA in Cubao, Quezon City. — PHILIPPINE STAR/ MIGUEL DE GUZMAN THE PHILIPPINE auto industry’s...


REUTERS THE BANGKO SENTRAL ng Pilipinas (BSP) may deliver a second off-cycle rate hike in early November when the US Federal Reserve is expected...


Vendors arrange their goods at a public market in Manila. — PHILIPPINE STAR/ RUSSEL A. PALMA THE ASIAN Development Bank (ADB) is planning to...

Editor’s Pick

With the reversal of the 1.25% rise in National Insurance Contributions happening on the 6th of November, employers across the nation have an opportunity...

You May Also Like


BW FILE PHOTO GROSS BORROWINGS by the National Government reached P2.6 trillion as of end-September as it continued to raise funds to respond to...


KARASOLAR.COM TENA, Ecuador — Ecuador’s rainforest Achuar people say their ancestors long dreamed of a “fire canoe” or “electric fish” that would let them...


REUTERS By Luz Wendy T. Noble, Reporter The country’s foreign exchange buffers slightly increased as of end-October as the value of the central bank’s...


COVID-19 has had a significant impact on the mental health of Filipinos across different groups all over the archipelago. From frontline workers, parents balancing...

Disclaimer: Respect, its managers, its employees, and assigns (collectively "The Company") do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2022 Respect Investment. All Rights Reserved.