Wilcon Depot plans to open 10 new stores in 2024, cutting capex budget to P2.2B, and focusing on smaller-format DIW stores.
Wilcon Depot, a Philippine home improvement and construction supplies retailer, plans to open 10 new stores in 2024 as part of its expansion strategy, despite cutting its capital expenditure (capex) budget to P2.2 billion, down from P3-4 billion in the past two years. The company, which targets to open more stores than initially planned, aims to focus on smaller-format Do It Wilcon (DIW) stores to reach areas with smaller locations. Wilcon aims to achieve its goal of opening 100 stores by 2024.
June 17, 2024
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