SM Group Archives - Inside Retail Asia
As the community quarantine continues all over Luzon, Philippine conglomerate SM Group has committed to maintaining regular pay for all of its employees, without deductions from their vacation or sick leave entitlements.
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 Group will assume ownership of Manila’s Harrison Plaza complex from the Martel family by next year.
SM Group has employed its first in-mall customer service robot, at SM Megamall.
Alfamart Philippines plans 200 more stores in 2019.
Philippine mall rents are stable and it is still a landlord’s market, says a report by Pinnacle Real Estate Consulting Services.
Partnering with the SM Group, footwear brand Bata Philippines has launched at SM Megamall.
SM Malls, which now total 56 in the country, have evolved into sustainable structures that are proving to be valuable and sensible investments.
Indonesian convenience store chain Alfamart says it will open 1200 more stores in Indonesia this year and 100 more in the Philippines.
SM Group is to collaborate with The Walt Disney Company Southeast Asia to bring Disney brands closer to Filipinos through mall, retail, entertainment and amusement opportunities. SM Group is to collaborate with The Walt Disney Company Southeast Asia to bring Disney brands closer to Filipinos through mall, retail, entertainment and amusement opportunities.
Indonesian c-store operator Alfamart is aiming for up to 3000 Alfamart Philippines stores in its joint venture with SM Group.
The Philippines’ SM Retail plans to open 20 more Savemore supermarkets this year after reaching the 100 threshold last year.