AllHome
| Traded as | PSE: HOME |
|---|---|
| ISIN | 🆔 |
| Industry | Hardware / Retail |
| Founded 📆 | May 29, 2013 |
| Founder 👔 | Manuel Villar |
| Headquarters 🏙️ | 3rd floor Starmall Alabang, , |
Area served 🗺️ | |
Key people | Manuel Villar (Chairman) |
| Members | |
Number of employees | |
| 🌐 Website | www |
| 📇 Address | |
| 📞 telephone | |
AllHome Corporation (PSE: HOME), colloquially known as AllHome, is a Filipino-owned and operated hardware retailer in the Philippines. A subsidiary of AllValue Holdings Corp.[1] AllHome retails hardware supplies, construction materials, tiles and sanitary wares, furniture, appliances, linens, and homeware.[2] Main sources of its wares and goods are from China but also sources from Vietnam, Thailand, Malaysia, Indonesia, India, and the U.S.[3]
With the 55th store opening in Sto. Tomas Batangas,[4] AllHome Chairman Manuel B. Villar, Jr. said AllHome intends to expand its presence beyond the capital which is Metro Manila.[5] The company earned a net income of 297 million in Philippine pesos in the second quarter of 2021, an increase compared to the 5 million in Philippine pesos reported the year before. Despite the COVID-19 pandemic, the growth was seen to have come from efforts into adapting and addressing clients’ shopping behavior.[6]
History[edit]
Founded in 2013, AllHome launched its first store in Pampanga and was incorporated as a stock corporation under the laws of the Philippines and registered with the Philippine Securities and Exchange Commission in May 2013.[7]
By 2016, AllHome opened its 13th branch in Antipolo City. On average, AllHome stores are 10,000 to 20,000 square meters in size but the 10,500 square meter Antipolo branch is the first with a three-floor design to maximize space.[8]
In 2019, AllHome Corp. concluded its initial public offering (IPO) with a listing ceremony at the Philippine Stock Exchange (PSE), having a total of 27 stores and 8.63 billion pesos raised from the sale of its primary shares by this period.[9] After six years of being in business, it was declared to have a value of 43 billion in Philippine pesos.[10]
By November 2020, it opened its 48th store in Cabanatuan and its 49th store in Bulacan.[11] But it was reported that there was a 21% drop in 9-month net profit so reps did not plan in opening new stores for the rest of 2020 as there is a need for the evaluation of the impact of the pandemic.[12]
References[edit]
- ↑ "ALLHOME-CORP_Information-Statement_25-May-2021_SEC" (PDF). All Home. Retrieved 23 August 2021.
- ↑ Loyola, James (22 July 2021). "AllHome opens 55th branch in Sto. Tomas, Batangas". MB. Manila Bulletin. Retrieved 23 August 2021.
- ↑ Cabuag, VG (19 February 2020). "AllHome confident of nailing P1-billion profit in 2019 on Q4 record". Business Mirror. Business Mirror. Retrieved 23 August 2021.
- ↑ Austria, Jenniffer. "AllHome opens new outlet in Batangas". Manila Standard. Manila Standard. Retrieved 23 August 2021.
- ↑ Velmonte, Keren (22 July 2021). "AllHome launches 55th store in Batangas". Business World. Business World. Retrieved 23 August 2021.
- ↑ Gonzales, Iris. "AllHome profit jumps to 297 million in Q2". Phil Star. Phil Star. Retrieved 23 August 2021.
- ↑ "All Home About Us". All Home. All Home. Retrieved 23 August 2021.
- ↑ "AllHome opens its 13th branch, may reach 20 stores by mid-2017". Business Mirror. Business Mirror. 15 July 2016. Retrieved 23 August 2021.
- ↑ "AllHome Corp. concludes IPO". Business Mirror. Business Mirror. 11 October 2019. Retrieved 23 August 2021.
- ↑ "Underwriter: AllHome IPO three times oversubscribed". Business Mirror. Business Mirror. 30 September 2019. Retrieved 23 August 2021.
- ↑ Cabuag, VB (30 November 2020). "AllHome opens Cabanatuan store". Business Mirror. Business Mirror. Retrieved 23 August 2021.
- ↑ Gonzales, Iris (16 November 2020). "AllHome reports 21% drop in 9-month net profit". Phil Star. Phil Star. Retrieved 1 Sep 2021.
External links[edit]
This article "AllHome" is from Wikipedia. The list of its authors can be seen in its historical and/or the page Edithistory:AllHome. Articles copied from Draft Namespace on Wikipedia could be seen on the Draft Namespace of Wikipedia and not main one.
