Who Owns S&R Philippines?
S&R Philippines is a popular membership-shopping club in the country that offers a wide range of imported and local products to its members. It is known for its high-quality merchandise, including groceries, furniture, appliances, electronics, and even fresh produce. With its extensive range of products and competitive prices, many wonder who exactly owns S&R Philippines. In this article, we will delve into the ownership of S&R Philippines and provide answers to some frequently asked questions about the company.
S&R Philippines is owned and operated by the International Warehouse Club, Inc. (IWCI). IWCI is a subsidiary of PriceSmart, Inc., a publicly traded company based in the United States. PriceSmart, Inc. is a membership shopping club operator with locations in various countries, including the United States, Central America, and the Caribbean. S&R Philippines is the only location operated by IWCI outside of the Americas.
FAQs:
1. Is S&R Philippines a local company?
No, S&R Philippines is not a locally owned company. It is operated by International Warehouse Club, Inc. (IWCI), a subsidiary of PriceSmart, Inc., an American company.
2. How many S&R branches are there in the Philippines?
As of writing, there are 21 S&R branches located across the Philippines. These branches are spread across major cities, including Metro Manila, Cebu, Pampanga, Davao, and more.
3. Can anyone shop at S&R Philippines, or is it exclusive to members?
S&R Philippines operates on a membership-only basis. However, non-members can still visit the store but are required to pay a 5% service fee on top of their purchases.
4. How can I become a member of S&R Philippines?
To become a member of S&R Philippines, you can apply for a membership at any of their branches. You will need to fill out an application form, provide necessary identification, and pay the annual membership fee.
5. What are the benefits of becoming an S&R member?
S&R members enjoy several benefits, including access to exclusive discounts, promotions, and deals. Members also receive a complimentary membership card for a household member, allowing them to share the benefits.
6. Are S&R Philippines products all imported?
While S&R Philippines is known for its imported products, the store also offers a wide range of local products. The store aims to provide a diverse selection of high-quality products to cater to different preferences and budgets.
7. Can I use my S&R membership in other countries where PriceSmart operates?
Unfortunately, S&R Philippines memberships are not valid in other countries where PriceSmart operates. Each country’s membership is separate, and you would need to apply for a membership in the specific country you wish to shop at.
In conclusion, S&R Philippines is owned by the International Warehouse Club, Inc. (IWCI), which is a subsidiary of PriceSmart, Inc., an American company. With its membership-only shopping experience, S&R Philippines offers a wide range of imported and local products to its members. From groceries to furniture, S&R Philippines has become a go-to destination for quality merchandise at competitive prices.