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 S&R branch atBonifacio Global City | |
| Product type | Membership-onlyretailwarehouse club chain |
|---|---|
| Owner | Puregold Price Club Inc. |
| Country | Philippines |
| Introduced | November 2001; 24 years ago (2001-11) |
| Markets | Philippines |
| Previous owners | PSMT Philippines, Inc.[1] |
| Website | snrshopping.com |
S&R Membership Shopping is a membership-onlyretailwarehouse clubchain in thePhilippines.
S&R Membership Shopping was established in 2001 as S&R PriceSmart, a franchise of the American membership-only warehouse club chainPriceSmart.[1][2] The name "S&R" stands for American businessmenSol and Robert Price, founders ofPrice Club and PriceSmart.[1] PriceSmart was the first major foreign retailer to enter the Philippine market since the passage of the Retail Trade Act of 2000, which liberalized the retail sector.[3] In November 2001, PriceSmart opened its first branch on a 5,000 m2 (0.50 ha) property inBonifacio Global City, then known as The Fort.[4][5][6]
In 2005, PriceSmart sold its share in the joint venture and was acquired by Lucio Co and his family in 2006, and the retail chain was renamed as S&R Membership Shopping. The Co's operations over S&R is taken care of by Kareila Management, Inc. which also operates thePuregold Price Club.[7][8]
The chain opened three more branches inMetro Manila before opening its first branch outside of Metro Manila and Luzon inMandaue,Cebu in 2010.[8]
In 2012,Puregold and Kareila underwent a merger. The former bought all the stakes of Kareila Management over S&R.[7][9]
In 2014, S&R opened its first standalone membership-free S&R New York Style Pizza restaurant inFairview Terraces inQuezon City.[10]
S&R Membership Shopping adopts the USwarehouse club model, exclusively for members. It targets theupper middle class[11] and offers a tire center at its locations. Additionally, S&R features a membership-free restaurant chain, known for itsNew York-style pizza.[12] S&R also has partnerships withUnionBank, offering aco-branded S&R membership card andcredit card with additional S&R benefits,[13] and Unioil, which offers discountedgasoline and diesel prices for members at participating Unioilgas stations.[14]
As of December 2024, S&R operates 28 warehouse club branches, with 23 inLuzon, three inVisayas, and two inMindanao.[15]
The first outlet opened last May in a 5,000 sq.m. property at Fort Bonifacio Global City in Taguig
Supermarkets of the Philippines | |
|---|---|
| Supermarkets | |
| Hypermarkets | |
| Membership shopping | |
| Discounters | |
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