SM Retail Archives - Inside Retail Asia
Philippines investments firm SM has brought in the equivalent of US$142.6 million in revenues during the first six months of the year.
Shopping mall, retail and banking conglomerate SM Investments Corporation has reported a 20-per-cent increase in net profit last year to US$875.1 million (PHP44.6 billion).
Indonesian convenience-store chain Alfamart plans to open 100 new stores in the Philippines by year end.
Forever 21 Philippines will continue to operate following the firm’s highly-publicised bankruptcy in the US.
SM Retail has achieved a first-quarter profit increase of 5 per cent to P2.7 billion (US$51.7 million).
The Philippines will soon be the Asia’s fifth largest retail grocery market, according to data released today.
Asia’s big-box grocers are forecast to grow on average 3.5 per cent a year, according to IGD research.
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.
SEC approves the SM Retail merger.
Retail analyst examines why the Philippines scores positive in the Asian retailing industry..
SM Retail consolidation will create Php251 billion turnover company.