A WHOLESALE distributor of home furnishing and finishing products in the Visayas and Mindanao has put up a new store in Highway Maguikay, Mandaue City to cater to the growing construction industry in Cebu.
Home Options Inc. will formally open today Savers Home Depot, a 2,100-square-meter retail store that displays various home products, including tiles, lighting, water faucets and vanities.
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“As the company grows, we see big opportunities in Cebu where the construction business is growing,” Home Options Inc. president Kendrick Sulay told Sun.Star Cebu.
He said the company invested around P20 million on the store, including its stocks.
There are plans to put up more Savers Home Depot stores in the northern part of Cebu.
“The south, where there is a very big market, is already congested, and there are many competitors located there.
The market for construction in the north, on the other hand, is growing,” Sulay said.
He remains optimistic amid the global financial crisis that is affecting consumer spending, saying the market is still very big and there is still room for more suppliers and distributors.
Apart from plans of expanding to the north, Savers Home Depot will also partner with developers and homeowners associations.
Savers Home Depot, Sulay said, is being positioned to target classes B and C and “a little of class A.”
The store’s “boutique” layout was created to attract more customers and give them home design ideas.
“When a customer comes in, he will immediately see our products, like lights and furnishings imported from China and Malaysia, among others,” Sulay said.
Another part of the store is the Do-It-Yourself (D.I.Y) section that Sulay plans to expand, depending on the market response.
Savers Home Depot soft-opened last June 20. Its mother company, Home Options Inc., started in March 2005 and continues to distribute home-related products on a wholesale basis outside Cebu.