Shakey’s resorts to price hikes, store closures

Shakey’s

MANILA, Philippines – Shakey’s Pizza Asia Ventures Inc. is raising prices selectively and closing underperforming stores as it navigates a challenging business environment marked by cautious consumer spending and geopolitical uncertainties.

Company executives said on Wednesday that the restaurant operator is taking a more disciplined approach to costs and expansion as consumers continue to prioritize essential spending over discretionary purchases.

READ: Weak confidence clouds PH spending outlook

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Shakey’s resorts to price hikes, store closures

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