Shakey’s eyes 20 addt’l stores for 2018
Shakey’s Pizza Asia Ventures, Inc. is targeting to add 20 more stores this year to its network after opening 24 branches in 2017 –surpassing its 20 store target.
In a disclosure to the Philippine Stock Exchange, the Philippines’ leading chained full-service restaurant, said attaining its 2018 target will bring its total domestic portfolio to 228 at the end of this year.
“It has been a banner year for Shakey’s – our maiden year as a publicly listed company – as this is the fastest we’ve grown in terms of store network,” Shakey’s President Vicente Gregorio was quoted.
“We will continue to take advantage of the positive consumer sentiment in the Philippines and hope to open even more stores, including those outside the typical first tier cities,” he added.
In 2017, Shakey’s successfully opened stores in provincial locations, including Iligan, Puerto Princesa, Antique, Gapan, and Palo, Leyte, following the growing urbanization trend in these areas.