Figaro Coffee Group Inc. expects sales to grow significantly during the holiday season despite the tough economic environment.
Divina Gracia Cabuloy, Figaro Coffee Group president, said sales from the stores usually rise by 60 percent during the holiday season.
“For the holidays, for Angel’s Pizza, normally we experience about 50 to to 60 percent (higher than daily sales) for the long weekend. And for December, we may see 80 percent jump in sales,” Cabuloy said.
She said the company increased prices by 5 to 10 percent for Angel’s Pizza and Figaro. This November, prices at Tien Ma’s Taiwanese Cuisine will also increase.
“We are giving good quality and value for money products to our customers,” Cabuloy said.
The company operates 192 store chains – 60 Figaro Coffee stores, 116 Angel’s Pizza outlets, 10 Tien Ma’s locations, and 6 Café Portofino establishments. It is set to open stores in Laguna, Pampanga, Rizal, Cebu, Pangasinan, Bohol, Ormoc, and Davao for the remainder of the year.