Alfamart Archives - Inside Retail Asia
Indonesian convenience-store chain Alfamart plans to open 100 new stores in the Philippines by year end.
The Philippines’ SM Investments has achieved 14-per-cent sales growth in the first half year, its retail division up by 10 per cent.
SM Retail has achieved a first-quarter profit increase of 5 per cent to P2.7 billion (US$51.7 million).
Alfamart Philippines plans 200 more stores in 2019.
Indomaret convenience store chain leads the rankings of Indonesia’s top 10 retailers.
FamilyMart Philippines, partly owned by the Ayala and Tantoco groups, is up for auction.
The Philippines will soon be the Asia’s fifth largest retail grocery market, according to data released today.
All Indonesian 7-Eleven stores have been closed because of “limited resources” to keep them viable.
Alfamart Philippines is set for major expansion with funding secured for as many as 120 new stores.
After consolidating its retail stores under SM Retail, SM Investments Corp plans to accelerate growth.
Indonesia’s Alfamart sales rose by 21.5 per cent to US$2 billion thanks to an aggressive store expansion program during the first half.
Tokopedia has signed an agreement with Indonesian retailer Alfamart so online customers can pay at an outlet.