After a lackadaisical performance during the pandemic, the country’s retail sector is currently experiencing a phenomenal rebound mainly because of continuation of revenge spending in the post holiday, entry of more retail and flagship brands. Know more:
After a lackadaisical performance during the pandemic, the country’s retail sector is currently experiencing a phenomenal rebound mainly because of the continuation of revenge spending in the post holiday, entry of more retail brands and flagship brands.
“Revenge growth is getting a huge lift because of the opening of more flagship stores, revival of interest in experiential retail, more foreign retailers occupying mall space, consumption-led gross domestic product growth and income tax cuts to result in greater disposable income,” said Colliers Philippines research head Joey Roi Bondoc in the company’s recently held Philippine Property market briefing for the first quarter of 2023 in Makati City.
To maximize the boom brought by revenge spending and at the same time achieve a stronger branding position, the Bistro Group recently opened six new restaurants at the East Wing of the Estancia Mall to satisfy diverse palates: Italianni’s, Texas Roadhouse, Randy’s, Denny’s, TGIFridays and Modern Shanghai. Plus, there’s also Buffalo Wild Wings which has been operating in the mall since 2015.
The ever reliable Denny’s is ready to satisfy the hunger pangs from breakfast to lunch, snacks, dinner and late-night All-American Slam, Mom’s Spaghetti, South Carolina Fried Chicken and Denny’s Share Four All.
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