Store expansion seen boosting RRHI recovery

GOKONGWEI-LED Robinsons Retail Holdings Inc. (RRHI) will likely stage a rebound this year on the back of aggressive store expansions across formats, Maybank Investment Banking Group said.

The supermarket and specialty retailer is expected to launch 83 stores in 2024 as well as book modest same-store sales growth (SSSG) and steady gross profit margins (GPM), the investment bank said in a report.