Retail and Distribution
The HR department in the Philippines under the retail sector can help their company grow in relation to opening up after the pandemic by doing the following:
Invest in employee training and development.
Embrace and streamline your technology.
Enhance employee engagement and retention.
Personalize customer experiences with retail innovatiion.
Industry Analysis
According to a report by Mordor Intelligence, the retail industry in the Philippines is expected to grow at a CAGR of 4% by 2027. The report also provides a detailed analysis of the retail industry in the Philippines, including its size, share, and growth trends. 1 Another report by GlobalData forecasts that the overall retail industry in the Philippines will grow at a CAGR of 7.7% between 2020 and 2025 to reach ₱ 11,601 bn. The food and grocery sector is the dominating sector with ₱ 5,608 bn in 2020, but other sectors are also growing, such as electronics and appliances, furniture, and several household products. 2
Recently, the rate of the retail trade business keeps pace with the economy. Through the aid of Information Technology, the retail industry have transformed into a dynamic, diversified and essential segment of the entire industry. In spite of its growth and expansion, Philippines Retail Industry still offers market opportunities for those who want to expand more store facilities.
Essential Applications
Recommended Modules
Add Ons and Services
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