MANILA: The Philippines’ retail sector is expected to become a US$286-billion market by 2027, driven by the increasing number of sari-sari stores and supermarkets, as well as the explosive rise of e-commerce, according to the latest report of global management consulting firm Kearney.
In its latest report entitled, 2023 Global Retail Development Index, Kearney said the local retail industry, which was worth $203 billion in 2022, is projected to grow by 5 per cent annually.
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