By Philippine Daily Inquirer
Tycoon Edgar “Injap” Sia II’s Merry Mart Consumer Corp. raised its 2030 recurring revenue target to P150 billion, reflecting its strong confidence in the Philippine retail sector despite current inflationary pressures.
MerryMart, which operates grocery stores and supermarkets, said the new figure was 25 percent higher than its original goal.
“When we set our vision and goals, we give it a lot of serious and deep thought, and once set, myself and our team pour our heart and soul towards that,” Sia, the chair and CEO of MerryMart, said in a stock exchange filing on Friday.
To date, MerryMart has 127 branches. The growth was complemented by the expansion of its mobile MM Wholesale app.
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