Savemore Archives - Inside Retail Asia
SM Retail has achieved a first-quarter profit increase of 5 per cent to P2.7 billion (US$51.7 million).
Philippine mall rents are stable and it is still a landlord’s market, says a report by Pinnacle Real Estate Consulting Services.
SM Investments has acquired a 34.5 per cent stake in supply-chain business 2Go Group.
After consolidating its retail stores under SM Retail, SM Investments Corp plans to accelerate growth.
SM Retail sales rose in the first quarter as Filipinos spend up at large.
SM Investments in The Philippines has approved the merger of its SM Retail subsidiary with related companies, bringing together 1374 outlets.
SM Retail of the Philippines has reported a 6.5 per cent increase in sales over the first nine months of the year to PHP145.3 billion (US$3.1 billion).
Philippines retail conglomerate SM says it is in talks to buy grocery retailer Cherry Foodarama.
New stores help deliver 6.5 per cent growth for SM Corp subsidiary SM Retail.
The Philippines’ SM Retail plans to open 20 more Savemore supermarkets this year after reaching the 100 threshold last year.
Just one week after Dairy Farm International bought a controlling stake in an established Filipino pharmacy chain, its archrival AS Watson says it is continuing with an ambitious expansion program. Watson and Dairy Farm, both based in Hong Kong, are the dominant players in the pharmacy and beauty care sector across Asia, the only major rival being UK-based Boots which has a strong market share in Thailand. Watson Personal Care Stores (Phil) last week marked the opening of its 400th store i…
SM Prime Holdings has opened its 50th shopping mall. In a disclosure to the Philippine Stock Exchange, SM Prime said its total mall retail floor space has now reached 6.4 million sqm, the largest of any mall developer in the nation. The newest centre is the 41,481 sqm SM Center Angono, in the province of Rizal, described as the “Arts Capital of the Philippines”. Tenants include the largest supermarket in the municipality, a Savemore, Ace Hardware, Watsons and BDO. It will also have 229 …