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S&R Membership Shopping
Philippine chain of warehouse clubs From Wikipedia, the free encyclopedia
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S&R Membership Shopping is a membership-only retail warehouse club chain in the Philippines.
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History
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S&R Membership Shopping was established in 2001 as S&R PriceSmart, a franchise of the American membership-only warehouse club chain PriceSmart.[1][2] The name "S&R" stands for American businessmen Sol and Robert Price, founders of Price Club and PriceSmart.[1] 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.[3] In November 2001, PriceSmart opened its first branch on a 5,000 m2 (0.50 ha) property in Bonifacio Global City, then known as The Fort.[4][5][6]
In 2005, PriceSmart sold its share in the joint venture and was acquired by Lucio Co and his family in 2006, and the retail chain was renamed as S&R Membership Shopping. The Co's operations over S&R is taken care of by Kareila Management, Inc. which also operates the Puregold Price Club.[7][8]
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.[8]
In 2012, Puregold and Kareila underwent a merger. The former bought all the stakes of Kareila Management over S&R.[7][9]
In 2014, S&R opened its first standalone membership-free S&R New York Style Pizza restaurant in Fairview Terraces in Quezon City.[10]
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Business model
S&R Membership Shopping adopts the US warehouse club model, exclusively for members. It targets the upper middle class[11] and offers a tire center at its locations. Additionally, S&R features a membership-free restaurant chain, known for its New York-style pizza.[12] S&R also has partnerships with UnionBank, offering a co-branded S&R membership card and credit card with additional S&R benefits,[13] and Unioil, which offers discounted gasoline and diesel prices for members at participating Unioil gas stations.[14]
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Branches
As of December 2024, S&R operates 28 warehouse club branches, with 23 in Luzon, three in Visayas, and two in Mindanao.[15]
Aseana branch in Parañaque
Nuvali branch in Santa Rosa, Laguna
Calasiao branch in Calasiao, Pangasinan
See also
References
External links
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