MerryMart increases '2030 VISION' annual sales target 25% to P150-B
MerryMart [MM 1.02, down 1.0%] [link], the grocery and consumer products chain founded by Injap Sia, said in a press release that it has updated its 2030 VISION goal from P120 billion in annual consolidated systemwide sales revenue to P150 billion. This is a 25% increase from the previous target, and 560% larger than MM’s annualized Q3 consolidated systemwide sales figure (P5.68 billion annualized to P22.7 billion). MM didn’t specify the reasons for increasing the goal but did provide various operational updates that seemed positive, such as hitting 200,000 registered members for MerryMart Wholesale. MM also said that it is nearing completion of its new two-hectare distribution center in Laguna. MM said that its goal is to make the MM Wholesale ECommerce platform available “in all 82 provinces of the Philippines”, with a consumer market coverage goal of 99%.
