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Update 3 April 2014 – Further to our article below, here is an exclusive look of what the new Stop n Shop looks like inside. Photos courtesy of CPL Marketing Manager, Prue Go. The Stop n Shop and City Pharmacy division of Central Waigani opened doors today: ——————————————————————————————————————————— As many of you drive past the Waigani Stop n Shop, you will notice alongside the shop that there is a new development taking place. The development called “Waigani Central” is owned by the City Pharmacy Group of Companies and they are developing a new commercial retail outlet for their flagship “Stop…
Despite an economic slowdown in 2013, homegrown retailer City Pharmacy Ltd (CPL) Group, PNG’s biggest retailing network, managed to successfully retain its market share to protect its revenues by registering a sales growth of 9% from K357.21 million in 2012 to K388.72 million in 2013. CPL Group’s share price also traded strongly and showed an appreciation of 26% from K1.55 in December 2012 to K1.96 in December 2013. This is according to the Chairman’s Statement of CPL Chairman Mahesh Patel, OBE. Though their retail suppliers suffered de-growth in double digit nationally in 2013 due to economic slowdown, lower commodity prices,…
One of the problems businesses in Papua New Guinea face today is the increasing number of counterfeit products. It’s a serious concern for businesses because the importation and sale of counterfeit products results in loss of profits for an affected business. Interestingly, many businesses are not serious about protecting their brands until they find themselves in a situation where an unauthorized third party uses a similar brand on the packaging of identical or similar products. By being pro-active in protecting your intellectual properties this can save you a lot of time and money and prevent others from infringing your rights.…
The people of Maprik District will now be able to do their banking closer to home instead of embarking on the long, expensive and sometimes dangerous journey into Wewak to do their banking. BSP opened a sub branch on Thursday 13th March 2014, two years after the last branch was forced to close in 2012. Prime Minister Peter O’Neil and East Sepik Governor Grand Chief Sir Michael Somare were present to officiate at the opening. BSP’s return signals a new beginning in the provision of banking services to Maprik District. According to BSP Deputy General Manager Retail Banking Kili Tambua,…
One of the unique marketing strategies for big brand companies or event organisers is the placement of banners on street light poles. These banners are usually placed on light poles in high traffic areas like the Freeway in Port Moresby. But a recent look at one of the banners has made us enquire what the advertisement regulations are for pole banners. The reason for this enquiry is that the banner we have in question and any other similar banners like it could pose a safety risk for motorists and pedestrians alike. Generally, the use of banners on poles is a…
Hardware Haus Ltd, the hardware arm of PNG’s homegrown retailer CPL Group, was awarded the Orgill Pinnacle Award by Orgill Inc. this year for its outstanding purchase of US branded products from Orgill in 2013. Orgill, Inc. is the world’s largest hardlines distributor and they are present in more than 60 countries. The Pinnacle Award ceremony was held in Orlando, Florida, USA and three Hardware Haus representatives namely Marlon Ratnayake, David Foreman and Ravinesh Prasad along with CPL Group CEO Ravi Singh were there to receive this prestigious award. The award was assessed on the criteria of Contribution to Retail…