S&R Membership Shopping

S&R Membership Shopping was established in 2001 as S&R PriceSmart, a franchise of the American membership-only warehouse club chain PriceSmart.{{cite news |last1=Bronce |first1=Quennie Sanchez |title=S&R Shopping |url=https://www.philstar.com/cebu-lifestyle/2010/10/02/616949/sr-shopping |access-date=16 November 2021 |work=The Philippine Star |date=2 October 2010}}{{cite news |last=Dumlao|first=Doris|title=S&R expands network |url=https://business.inquirer.net/78528/sr-expands-network |access-date=16 November 2021 |newspaper=Philippine Daily Inquirer |date=25 August 2012 |language=en}} The name "S&R" stands for American businessmen Sol and Robert Price, founders of Price Club and PriceSmart. 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.{{cite web |last1=Dueñas-Caparas |first1=Maria Teresa |title=State of Competition in the Wholesale and Retail Sector |url=https://dirp4.pids.gov.ph/ris/dps/pidsdps0505.pdf |publisher=Philippine Institute for Development Studies |access-date=16 November 2021 |page=34}} In November 2001, PriceSmart opened its first branch on a {{Convert|5000|sqm|ha|adj=on|abbr=on|sp=us}} property in Bonifacio Global City, then known as The Fort.{{cite news|url=https://www.philstar.com/business/2004/06/07/252904/pricesmart-opens-4th-location-rp|title=PriceSmart opens 4th location in RP|date=June 7, 2004|accessdate=August 17, 2022|work=The Philippine Star}}{{Cite news |last=Defensor |first=Teresa |date=October 18, 2001 |title=Shopping American-style |url=https://advance.lexis.com/api/document?collection=news&id=urn:contentItem:4478-KH10-00JS-9292-00000-00&context=1516831 |url-access=subscription |work=BusinessWorld |via=NexisUni |quote=The first outlet opened last May in a 5,000 sq.m. property at Fort Bonifacio Global City in Taguig}}{{cite web|title=PRICESMART, INC. 10-K 8/31/02|url=https://www.sec.gov/Archives/edgar/data/1041803/000114544302000834/d11554.htm|website=U.S. Securities and Exchange Commission|date=August 31, 2002|accessdate=August 17, 2022}}

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 the Puregold Price Club.{{cite news |last1=Montealegre |first1=Krista Angels |title=Puregold sets acquisition of S&R supermarkets |url=https://www.manilatimes.net/2012/03/29/business/business-top/puregold-sets-acquisition-of-sr-supermarkets/772788 |access-date=16 November 2021 |work=The Manila Times |date=29 March 2012 |language=en}}{{cite news |last1=Dagooc |first1=Ehda |title=S&R entry in Cebu to boost "member-shopping" culture |url=https://www.philstar.com/cebu-business/2010/11/27/633516/sr-entry-cebu-boost-member-shopping-culture |access-date=16 November 2021 |work=The Philippine Star |date=27 November 2010}}

The chain opened three more branches in Metro Manila before opening its first branch outside of Metro Manila and Luzon in Mandaue, Cebu in 2010.

In 2012, Puregold and Kareila underwent a merger. The former bought all the stakes of Kareila Management over S&R.{{cite news |title=Puregold acquiring S&R for P16.5B |url=https://news.abs-cbn.com/business/03/28/12/puregold-acquiring-sr-p165b |access-date=16 November 2021 |date=28 March 2012}}

In 2014, S&R opened its first standalone membership-free S&R New York Style Pizza restaurant in Fairview Terraces in Quezon City.{{Cite AV media |url=https://www.facebook.com/watch/?v=699458470131127 |title=S&R New York Style Pizza, Fairview Terraces |date=August 14, 2014 |author=S&R Membership Shopping |type=Video |access-date=August 9, 2024 |via=Facebook}}

S&R Membership Shopping adopts the US warehouse club model, exclusively for members. It targets the upper middle class{{cite news |title=Retail marriage: Puregold to acquire S&R |url=https://r3.rappler.com/business/3099-retail-marriage-puregold-to-acquire-s-amp-r |access-date=16 November 2021 |work=Rappler |date=28 March 2012 |language=en}} and offers a tire center at its locations. Additionally, S&R features a membership-free restaurant chain, known for its New York-style pizza.{{cite news |last1=Cabuag |first1=V. G. |title=S&R to double store count in five years |url=https://businessmirror.com.ph/2015/08/02/sr-to-double-store-count-in-five-years/ |access-date=16 November 2021 |work=BusinessMirror |date=2 August 2015}} S&R also has partnerships with UnionBank, offering a co-branded S&R membership card and credit card with additional S&R benefits,{{Cite web |title=UnionBank S&R Visa Platinum Card |url=https://www.unionbankph.com/SnR |access-date=September 17, 2024 |website=UnionBank}} and Unioil, which offers discounted gasoline and diesel prices for members at participating Unioil gas stations.{{Cite web |title=Unioil extends partnership with S&R until 2027 |url=https://unioil.com/loyalty/news/unioil-extends-partnership-with-sr-until-2027 |date=November 1, 2021 |access-date=September 17, 2024 |website=Unioil}}

As of December 2024, S&R operates 28 warehouse club branches, with 23 in Luzon, three in Visayas, and two in Mindanao.{{Cite web |title=S&R Warehouse Club Locator |url=https://www.snrshopping.com/page/sr-warehouse-club-locator |publisher=S&R Membership Shopping |access-date=May 13, 2024}}

File:Bay Area City Metro Manila 46.jpg|Aseana branch in Parañaque

File:9836Barangays Santa Rosa Laguna Landmarks 41.jpg|Nuvali branch in Santa Rosa, Laguna

File:S&R Membership Shopping Calasiao.jpg|Calasiao branch in Calasiao, Pangasinan

• Landers Superstore

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• {{Official website|https://web.archive.org/web/20211024183738/https://www.snrshopping.com/}}

{{Supermarkets of the Philippines}}

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Category:2001 establishments in the Philippines

Category:Supermarkets of the Philippines

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