Abacus Securities reported that AllDay Marts has 25 dark stores on top of its 33 branches.

These standalone facilities geared solely for online purchases and deliveries have fueled AllDay’s digital expansion with already close to five percent of its sales from e-commerce.

READ: Manny Villar’s AllDay readies P6B IPO

Abacus said this was much higher than its peers as the dark stores allow AllDay to deliver 24/7.

According to the local brokerage house, AllDay should easily hit its target of 100 stores by the end of 2025 considering that it was present in only 25 of the 147 cities and municipalities where Villar’s subdivision projects were present.

Abacus said AllDay was working to boost its gross margins from 19 percent to 35 percent by selling more private-label goods.

READ: Manny Villar to take supermarket chain AllDay Mart public with P6B IPO

Abacus noted that AllDay’s sales of P4.5 billion in the first half this year were 150 percent more than the P1.8 billion turnover of Injap Sia’s MerryMart.

Villar is planning to raise P6 billion from the initial public offering of AllDay in November.

The post Villar’s ‘dark stores’ fueling AllDay’s online expansion first appeared on Bilyonaryo Business News.