Tepid same store sales weigh on Philippine home improvement stores

Philippine home improvement stores reported a drop in revenues during the second quarter of 2025, weighed down by a contraction in comparative sales.

In disclosures to the Philippine bourse, Wilcon Depot, the country’s biggest home improvement store chain, and AllHome Corp. said revenues dropped 0.4 per cent and 29 per cent, respectively, in the six months ending June 2025.

Wilcon reported sales of 17.11 bn Philippine pesos (PHP, EUR 250 mio) for the period, while AllHome made PHP 3.995 bn (EUR 58.373 bn), while comparative sales shrank 4.9 per cent and 28 per cent, respectively.

Wilcon attributed the lower sales to the sparser footfall during the second quarter due to long holidays in April as well as the May 2025 midterm elections, while AllHome noted that it continues to be impacted adversely by the subdued property market.

For the second quarter, Wilcon’s revenues declined 1.9 per cent…