AllHome expects increased footfall as the Philippines reopens economy

The company has observed many of its consumers are “revenge shopping” in its stores.

AllHome expects its store footfall to increase in 2022 as the Philippine government eased restriction and reopens the economy.

“As we anticipate the post-pandemic scenario, we are pleased that mall traffic is returning to pre[1]pandemic levels. We even see some days exceeding the pre-pandemic foot traffic,” Villar Group Chairman Manny Villar said.

“This bodes well for AllHome stores, especially our locations that serve as retail anchors to our Vista Malls as conditions normalize.”

The company has also observed the revenge shopping trend amongst its consumers, which could fare well for its stores.

“We believe that the trend of revenge shopping will benefit AllHome as a market hungry for experiences, after a prolonged period of various lockdowns, will again rediscover the distinct customer journeys and elevated experiences that are present in every AllHome location,” AllHome President and Chief Executive Officer Benjamin Therese Serrano said.

The company is also confident that the reopening of the economy will lead to an uptake in construction activities in the coming months.

“We look at 2022 with more positivity as the vaccination rate in the country increases and the restrictions ease up, further more propelling the re-opening of the economy,” he also said.