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Best Posts in Thread: Robinson's mall is a ghostown

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  1. Rye83

    Rye83 with pastrami Admin Secured Account Highly Rated Poster SC Connoisseur Veteran Army

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    I'm sure the occupancy rate and lack of customers will eventually impact the job security of the current manager. If this happens before the mall falls into an even greater state of disrepair and desolation and cannot be salvaged under its current franchise name is yet to be seen. I've seen some pretty desolate malls in the Philippines lose their franchise and then be turned into more of a local market style setup or be taken over by another large mall franchise and brought back to life.
     
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    Rye83, Jul 28, 2019
    #13
  2. DavyL200

    DavyL200 DI Forum Luminary ★ Global Mod ★ ★ Moderator ★ Highly Rated Poster Showcase Reviewer

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    Alot of the stuff made in china is good stuff made under licence from western companys under strict guidelines but the stuff that arrives here is mostly fake junk.
     
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    DavyL200, Jul 27, 2019
    #8
  3. Glendazumba

    Glendazumba DI Forum Adept

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    Rent is very high, escalators are not working and many customers feel it is unsafe to use the escalator stairs that are steep
     
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    Glendazumba, Jul 28, 2019
    #11
  4. Outcast

    Outcast DI Forum Adept

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    i was talking with the manager of national bookstore a few months back. he told me robs was making them move, and increasing theri rent by 70%. said teh store had alreayd been losing money due to overhead, and was going to close permanently. i think many stores will be closing permanently.
     
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    Outcast, Aug 2, 2019
    #58
  5. wolvhund

    wolvhund DI Member

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    I tempted to debate the idea that these regulations did what you claim but not even I, a libertarian, really argues for NO regulation, just like no one really argues that ALL regulation is good (although a lot argue for much more), the point is is that regulation can impede business. The Philippines is a good example of regulatory bureaucracy getting slowing things down and getting in the way. Amazon has the advantage of being able to source products and vendors where they find it favors them and source their distribution centers where it favors them. There is a reason Amazon does not source its distribution in the Philippines. This gives them a huge comparative advantage to a mall, which is located where it is located.
     
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    wolvhund, Jul 30, 2019
    #45
  6. DavyL200

    DavyL200 DI Forum Luminary ★ Global Mod ★ ★ Moderator ★ Highly Rated Poster Showcase Reviewer

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    RRHI profit down 32.4% as of June

    Gokongwei-led retailer Robinsons Retail Holdings Inc. (RRHI) booked P1.77 billion in first semester net profit, down 32.4 percent from the same period last year as noncash interest expense on lease liability ballooned following a shift to new accounting standards.

    RRHI reflected the year-to-date impact of adopting the new accounting standard on leases under Philippine Financial Reporting Standards (PFRS)16.

    Read more: https://business.inquirer.net/276091/rrhi-profit-down-32-4-as-of-june#ixzz5vZmASAKv
     
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    DavyL200, Aug 4, 2019
    #67
  7. DavyL200

    DavyL200 DI Forum Luminary ★ Global Mod ★ ★ Moderator ★ Highly Rated Poster Showcase Reviewer

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    Anyway lets get back to robinsons mall in dumaguete!
     
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    DavyL200, Jul 30, 2019
    #47
  8. Obliged Friend

    Obliged Friend DI Forum Adept Veteran Army

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    751F7FA3-A0B7-4E28-AE57-4DA0A7198677.jpeg F05657C9-D362-4DAF-A651-EDC234CE5DD0.jpeg This Italian shopping mall was built in 1877.
     
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    Obliged Friend, Jul 29, 2019
    #28
  9. DavyL200

    DavyL200 DI Forum Luminary ★ Global Mod ★ ★ Moderator ★ Highly Rated Poster Showcase Reviewer

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    It makes you wonder if they have found some serious probs with the foundations in robinsons mall and its being kept quiet for the time being. Im sure a few will remember the 2 yr pause due to foundation probs and have seen the subsidence at the back along with popped tiles everywhere. Maybe they will tear it down and re build it.
     
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    DavyL200, Jul 28, 2019
    #27
  10. DavyL200

    DavyL200 DI Forum Luminary ★ Global Mod ★ ★ Moderator ★ Highly Rated Poster Showcase Reviewer

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    Even alot of the so called branded goods in the department store in robs are chinese junk.
     
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    Last edited: Jul 27, 2019
    DavyL200, Jul 27, 2019
    #6
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