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Retail Market in Philippines to grow by USD 66.35 Billion (2024-2028), driven by rising demand for convenience food products, Report on AI-driven market transformation – Technavio

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NEW YORK, Jan. 30, 2025 /PRNewswire/ — Report with the AI impact on market trends – The retail market in philippines size is estimated to grow by USD 66.35 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of  11.1%  during the forecast period. Growing demand for convenience food products is driving market growth, with a trend towards in sales through online distribution channels. However, threat from counterfeit products  poses a challenge. Key market players include A.S. Watson Group, Abenson, Amazon.com Inc., Cosco Capital, Fast Retailing Co. Ltd., Golden ABC, Inter IKEA Holding BV, McDonald Corp., Mercury Drug Corp., Metro Retail Stores Group, New City Commercial Corp., Nike Inc., Robinsons Retail Holdings Inc., Seven and i Holdings Co. Ltd., SM Investments Corp., SSI Group, WOW Group, and Wilcon Depot.

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Retail Market In Philippines Scope

Report Coverage

Details

Base year

2023

Historic period

2018 – 2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 11.1%

Market growth 2024-2028

USD 66353.1 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

9.7

Regional analysis

Philippines

Performing market contribution

APAC at 100%

Key countries

Philippines and APAC

Key companies profiled

A.S. Watson Group, Abenson, Amazon.com Inc., Cosco Capital, Fast Retailing Co. Ltd., Golden ABC, Inter IKEA Holding BV, McDonald Corp., Mercury Drug Corp., Metro Retail Stores Group, New City Commercial Corp., Nike Inc., Robinsons Retail Holdings Inc., Seven and i Holdings Co. Ltd., SM Investments Corp., SSI Group, WOW Group, and Wilcon Depot

Market Driver

The retail market in the Philippines is thriving with various trends shaping the industry. Big-box retailers are expanding their brick-and-mortar stores, while e-commerce and mobile commerce continue to grow. Data analytics and artificial intelligence are being used for personalized marketing and inventory management. Multichannel retailing, online buying, and fast delivery are becoming the norm. Warehouse automation, cross-selling, upselling, and loyalty programs are key strategies for retailers. Food and beverages, including supermarkets and hypermarkets, convenience stores, and specialty food stores, are popular. Motor vehicle dealers, parts dealers, gasoline stations, and miscellaneous store retailers also contribute to the market. Technology trends like AI, machine learning, chatbots, AR, and VR are transforming retail experiences. Healthy eating and convenience in shopping are major consumer preferences. Ecommerce, nonstore retailers, building materials dealers, garden equipment dealers, pharmacies, healthcare stores, sporting goods stores, hobby stores, musical instrument stores, bookstores, and various other retail segments are also part of this dynamic market. 

In the Philippine retail market, there’s a notable growth in online sales of consumer goods. Established and private retailers have capitalized on this trend, selling their merchandise via shopping portals. The elimination of physical stores, inventory, and salespeople through online channels has led retailers to prioritize digital sales. Additionally, the rise in internet and smartphone usage in the country provides a significant opportunity for retailers to expand their online presence. Consumers also prefer online shopping due to its time-saving and practical advantages, particularly for their daily FMCG needs. 

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 Market Challenges

The retail market in the Philippines faces various challenges in today’s dynamic business environment. Traditional brick-and-mortar stores compete with big-box retailers, e-commerce, mobile commerce, and various forms of online buying. Data analytics and artificial intelligence are essential for personalized marketing and multichannel retailing. Fast delivery, inventory management, and last-mile delivery are crucial for customer convenience. Several retail sectors, including supermarkets and hypermarkets, convenience stores, motor vehicle dealers, parts dealers, gasoline stations, and miscellaneous store retailers, are adapting to these trends. E-commerce and nonstore retailers, such as cosmetics stores, clothing stores, electronics stores, appliance stores, furniture stores, home furnishings stores, department stores, general merchandise stores, and online stores, are investing in AI, machine learning, chatbots, augmented reality, and virtual reality for a seamless shopping experience. Food and beverage retailers, including specialty food stores and hobby stores, are focusing on healthy eating and convenience. Pharmacies and healthcare stores, sporting goods stores, and hobby stores are exploring new technologies like robotics, drone deliveries, and omnichannel shopping. Overall, retailers must embrace technology, provide fast and convenient services, and offer personalized experiences to stay competitive in the Philippine market.The retail market in the Philippines faces a considerable challenge from the proliferation of counterfeit goods. Fake products, ranging from Fast-Moving Consumer Goods (FMCG) to electronics, are widely available and pose a significant threat to both retailers and genuine manufacturers. These imitations, often sold through online platforms, are driving down prices with their lower quality and durability. This influx of counterfeits is making it increasingly difficult for customers to distinguish between genuine and fake items, negatively impacting sales for major retailers and damaging the reputation of legitimate brands. To stay competitive, counterfeiters price their products attractively, but the long-term costs to consumers and businesses are substantial.

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Segment Overview 

This retail market in Philippines report extensively covers market segmentation by  

Product 1.1 Food and beverages1.2 Personal and household care1.3 Apparel and footwear1.4 Electrical and electronics1.5 OthersDistribution Channel2.1 Offline2.2 OnlineGeography 3.1 APAC

1.1 Food and beverages-  The retail market in the Philippines is witnessing growth in the food and beverages sector due to rising commodity prices and increasing purchasing power in regions like Manila and Calabarzon. Consumers are showing a growing preference for imported goods, particularly processed foods, which is projected to register the highest growth rate. Mini marts are gaining popularity in urban areas and expanding into smaller cities, focusing on instant food and beverage products. Ready-to-eat food products, such as protein balls, trail mix, and chilled ready meals, are popular choices. Freshly prepared hotdogs and steamers are also available daily in retail stores, attracting customers. These trends are expected to fuel the growth of the food and beverages segment in the Philippines during the forecast period.

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Research Analysis

The retail market in the Philippines is a vibrant and diverse sector, encompassing various formats such as big-box retailers, brick-and-mortar stores, e-commerce platforms, and mobile commerce. Consumers in the Philippines increasingly prefer the convenience of online buying, with fast delivery and inventory management being key factors. Retailers are leveraging data analytics, artificial intelligence, and machine learning to offer personalized marketing, cross-selling, and upselling opportunities. Multichannel retailing is gaining popularity, allowing customers to shop seamlessly across different channels. The retail landscape includes various segments such as food and beverages, motor vehicle dealers, parts dealers, gasoline stations, miscellaneous store retailers, cosmetics stores, and personal care stores. Innovative technologies like chatbots, augmented reality, and virtual reality are being adopted to enhance the shopping experience.

Market Research Overview

The retail market in the Philippines is a vibrant and diverse sector, encompassing various formats such as big-box retailers, brick-and-mortar stores, e-commerce, mobile commerce, and nonstore retailers. These channels offer a wide range of products, including food and beverages, electronics, appliances, furniture, clothing, cosmetics, and more. Convenience is a key driver in the Philippine retail industry, with an increasing focus on fast delivery, inventory management, and last-mile delivery solutions. Technology plays a significant role, with data analytics, artificial intelligence, personalized marketing, and multichannel retailing becoming increasingly important. Consumers can now shop online, in-store, or through their mobile devices, and retailers are leveraging tools like cross-selling, upselling, loyalty programs, and chatbots to enhance the shopping experience. Additionally, emerging technologies like augmented reality, virtual reality, and robotics are being explored to create innovative retail solutions. The retail landscape in the Philippines continues to evolve, offering consumers a wide range of convenient and personalized shopping options.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

ProductFood And BeveragesPersonal And Household CareApparel And FootwearElectrical And ElectronicsOthersDistribution ChannelOfflineOnlineGeographyAPAC

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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Pillsbury Notice of Data Breach

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NEW YORK, July 18, 2026 /PRNewswire/ — Pillsbury Winthrop Shaw Pittman LLP (“Pillsbury”) was among many law firms targeted by sophisticated social engineering attempts in an incident last year. While the firm quickly detected and blocked the activity, an unauthorized actor was able to access some of the firm’s documents during a short window of time. Pillsbury notified any impacted clients last year and undertook a detailed process to review the accessed documents for personal information. Pillsbury then began notifying individuals whose personal information was affected. That process is now complete, and today, Pillsbury is publishing substitute notice as a final step.

For more information, please visit the substitute notice on our website at https://www.pillsburylaw.com/en/breach-notice.html

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SOURCE Pillsbury Winthrop Shaw Pittman LLP

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From Remote Racing to Embodied AI: Fibocom and Intedigo Bring 5G Bidirectional Data Transmission into Real-World Applications

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SHANGHAI, July 18, 2026 /PRNewswire/ — From July 17 to 20, Fibocom and Intedigo will jointly present a cross-regional, beyond-visual-line-of-sight (BVLOS) teleoperation demonstration at Booth H3-C408 during the World Artificial Intelligence Conference (WAIC) 2026. Visitors will be able to enter a remote driving cockpit and control a real race car located at HURA PARK in Jiading, Shanghai, steering, accelerating, and braking in real time while experiencing how 5G connectivity enables remote operation.

More than an immersive driving experience, the demonstration provides a live validation of 5G bidirectional data transmission for embodied AI teleoperation. The vehicle continuously sends live track video, vehicle status, and operating data to the remote cockpit, while control commands are transmitted back to the vehicle, creating a closed-loop teleoperation system. Stable, low-latency, and highly reliable connectivity is essential for high-dynamic maneuvers such as high-speed cornering, precision braking, and continuous lane changes.

Developed by Intedigo, the remote driving system connects a real race car with an immersive remote driving cockpit. It supports 1080p@60Hz video transmission, glass-to-glass (G2G) video latency of less than 80 ms, and control latency of less than 10 ms. The demanding racing environment magnifies differences in video continuity and control responsiveness, making communications performance directly perceptible, measurable, and verifiable.

At the joint demonstration, Fibocom’s FM160 5G module provides cellular connectivity for the system. Powered by the Qualcomm Snapdragon™ X62 5G Modem-RF System, the FM160 supports SA and NSA network architectures as well as 3GPP Release 16. On the downlink, it supports NR Carrier Aggregation (NR CA) with bandwidth of up to 120 MHz, delivering peak speeds of up to 3.5 Gbps in NSA mode and 2.5 Gbps in SA mode. On the uplink, it supports UL MIMO and delivers peak speeds of up to 900 Mbps in SA mode. These capabilities support the continuous transmission of HD video and vehicle status data, along with reliable delivery of control commands.

As embodied AI moves into factories, data centers, logistics operations, and industrial parks, robots are becoming increasingly capable of performing tasks autonomously. Yet complex environments, unexpected events, and edge cases still require Human-in-the-Loop (HITL) remote intervention to help ensure safe and reliable operation.

Daniel Liu, CEO of Intedigo, said:

“5G represents the pinnacle of human communications and the starting point of machine communications. In the past, communications connected people to people; in the future, they will connect people to robots and robots to robots. Remote racing is simply the easiest entry point for people to understand this concept. What we are truly validating is a communications system capable of supporting remote collaboration for embodied AI. HURA makes low-latency remote driving a tangible experience, while RoBOX extends this capability to robots and a broader range of intelligent terminals. Together with Fibocom, we hope to enable more machines to receive remote assistance whenever needed while remaining continuously connected and operating reliably.”

Simon Tao, VP of Wireless Solutions Business Group and General Manager of MBB BU at Fibocom, said:

“As embodied AI enters real-world industrial environments, reliable connectivity will become the foundation for telemetry feedback, remote control and operational management. Fibocom’s 5G solutions, represented by FM160, provide the cellular connectivity required for continuous on-site data transmission and reliable control command delivery. Fibocom will continue collaborating with ecosystem partners such as Intedigo to bring cellular connectivity to more robots, autonomous machines and mobile intelligent terminals, enabling embodied AI systems to stay continuously connected and respond reliably in real-world applications.”

From remote race cars to robots, unmanned equipment, and mobile intelligent terminals, 5G is evolving from connecting people to connecting machines. This joint demonstration makes the capabilities of 5G bidirectional data transmission directly perceptible, experiential, and verifiable, helping pave the way for embodied AI to scale across real-world applications.
 

About Fibocom

Fibocom, founded in 1999, is China’s first wireless communication module company listed on both the A-share and H-share markets (300638.SZ, 0638.HK). As a global leading provider of wireless communication modules and AI solutions, Fibocom leverages wireless communication and artificial intelligence as its core technologies to provide integrated hardware and software solutions that empower industry applications. These solutions accelerate the transformation from “Connect Everything” to “Intelligent Connectivity” across diverse industries.

Fibocom’s one-stop solutions encompass cellular communication, AI, automotive, and GNSS modules, as well as AI toolchains, supporting industry-side and mainstream large model integration, and providing AI Agent, global connectivity, and cloud services, driving the digital intelligence upgrades in industries such as robotics, consumer electronics, low-altitude economy, intelligent transportation, smart retail, and smart energy.

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SOURCE Fibocom Wireless Inc.

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DR. PHONE FIX ANNOUNCES SECOND TRANCHE CLOSING OF NON-BROKERED CONVERTIBLE DEBENTURE UNIT FINANCING

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/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/

EDMONTON, AB, July 18, 2026 /CNW/ — Dr. Phone Fix Canada Corporation (“Dr. Phone Fix” or the “Company”) (TSXV: DPF) is pleased to announce that, further to its news release dated May 19, 2026 and June 24, 2026 (the “Prior News Releases”), it has closed the second tranche of its non-brokered private placement (the “Offering”) of convertible debenture units of the Company (each, a “Unit”). The Company issued 726 Units, at a price of $1,000 per Unit, for aggregate gross proceeds of $726,000. Each Unit is comprised of (i) one $1,000 principal amount unsecured convertible debenture of the Company (a “Convertible Debenture”) and (ii) 3,125 common share (“Common Share”) purchase warrants of the Company (each, a “Warrant”). Additional detail on the Offering, including terms of the Convertible Debentures and Warrants, is set out in the Prior News Releases.

In connection with the Offering, the Company paid a finder’s fee consisting of an aggregate cash fee of $50,820 and issued an aggregate of 317,625 common share purchase warrants of the Company (each, a “Finder’s Warrant”) to certain qualified arm’s length parties. Each Finder’s Warrant is exercisable to acquire one Common Share of the Company at an exercise price of $0.22 prior to the date that is 24 months from the date of issuance.

All securities issued pursuant to the Offering, including any Common Shares issuable upon conversion of the Convertible Debentures or exercise of the Warrants and Finder’s Warrants, are subject to a statutory hold period of four months and one day from the closing of the Offering, in accordance with applicable securities laws and TSX Venture Exchange (the “TSXV”) policies. 

The Offering remains subject to final acceptance of the TSXV.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities described in this news release in the United States. Such securities have not been, and will not be, registered under the U.S. Securities Act, or any state securities laws, and, accordingly, may not be offered or sold within the United States, or to or for the account or benefit of persons in the United States or “U.S. Persons”, as such term is defined in Regulation S promulgated under the U.S. Securities Act, unless registered under the U.S. Securities Act and applicable state securities laws or pursuant to an exemption from such registration requirements.

About Dr. Phone Fix

Dr. Phone Fix is a national, award-winning, eco-friendly, and customer-centric leader in Canada’s cell phone and electronics repair and certified pre-owned device industry. Founded in 2019, the Company now operates 44 retail locations nationwide through a standardized and scalable operating platform designed to support consistent execution across multiple markets, delivering fast, reliable, and environmentally conscious repair services alongside a curated selection of certified pre-owned devices and premium accessories. Dr. Phone Fix maintains strong partnerships with OEMs and certified suppliers, ensuring consistently high-quality standards across its national footprint. With a focus on responsible device lifecycle management, customer service, and operational discipline, Dr. Phone Fix continues to set the benchmark for device care and resale in Canada.

www.docphonefix.com

NEITHER THE TSXV NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSXV) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE.

Forward-Looking Information and Cautionary Statements

Certain information in this news release constitutes forward-looking statements under applicable securities laws. Any statements that are contained in this news release that are not statements of historical fact may be deemed to be forward-looking statements. Forward-looking statements are often identified by terms such as “may”, “should”, “anticipate”, “expect”, “potential”, “believe”, “intend” or the negative of these terms and similar expressions. Forward-looking statements in this news release include statements relating to: the final acceptance of the Offering by the TSXV; and the expected use of proceeds following the closing of the Offering. Forward-looking information in this news release is based on certain assumptions and expected future events, namely: the Company’s financial condition and development plans do not change as a result of unforeseen events; the TSXV will provide its final acceptance of the Offering; and the Company will be able to obtain the financing required in order to develop and continue its business and operations. These statements involve known and unknown risks, uncertainties and other factors, which may cause actual results, performance or achievements to differ materially from those expressed or implied by such statements, including but not limited to: the Company’s inability to obtain TSXV final acceptance for the Offering; the potential failure to complete the balance of the Offering or to raise the full anticipated gross proceeds; market conditions and investor demand for the Company’s securities; the Company’s inability to deploy the proceeds as currently intended; and general economic and market conditions. Readers are cautioned that the foregoing list is not exhaustive. Readers are further cautioned not to place undue reliance on forward-looking statements, as there can be no assurance that the plans, intentions or expectations upon which they are placed will occur. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this press release are expressly qualified by this cautionary statement and reflect the Company’s expectations as of the date hereof and are subject to change thereafter. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, estimates or opinions, future events or results or otherwise or to explain any material difference between subsequent actual events and such forward-looking information, except as required by applicable law.

 

SOURCE Dr. Phone Fix

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