Savemore Archives - Inside Retail Asia

SM Retail achieves 5 per cent boost in profit

SM Retail has achieved a first-quarter profit increase of 5 per cent to P2.7 billion (US$51.7 million).

Philippine malls ‘still landlord’s market’

Philippine mall rents are stable and it is still a landlord’s market, says a report by Pinnacle Real Estate Consulting Services.

SM acquires stake in 2Go Group

SM Investments has acquired a 34.5 per cent stake in supply-chain business 2Go Group.

SM Retail to open 85 stores in six months

After consolidating its retail stores under SM Retail, SM Investments Corp plans to accelerate growth.

SM Retail sales boosted

SM Retail sales rose in the first quarter as Filipinos spend up at large.

Merger to expand SM Retail portfolio

SM Investments in The Philippines has approved the merger of its SM Retail subsidiary with related companies, bringing together 1374 outlets.

SM Retail posts solid sales growth

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).

SM in bid for Cherry Foodarama

Philippines retail conglomerate SM says it is in talks to buy grocery retailer Cherry Foodarama.

Retail boosts SM Corp bottom line

New stores help deliver 6.5 per cent growth for SM Corp subsidiary SM Retail.

SM to expand Savemore network

The Philippines’ SM Retail plans to open 20 more Savemore supermarkets this year after reaching the 100 threshold last year.

Pharmacy battle ahead in Philippines

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…

Milestone for Filipino mall giant

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 …