SM 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.
Philippine property developer SM Prime Holdings has committed US$1.53 billion for constructing four new malls, and other projects.
The founding father of Philippine retail, Henry Sy, has passed away.
Ikea Philippines says its first store will take up an enormous 65,000sqm space, making it the world’s largest.
SM Prime Holdings has reported a 16 per cent rise in income in the first half of this year.
Garmin Philippines will introduce its expanded smartwatch line and open locations this year in Vertis North Mall Quezon City and Mindanao.
SM Prime Holdings is earmarking PHP80 billion (US$1.5 billion) this year for expansion.
Ikea Philippines will open its first store next to Mall of Asia in Manila in 2020.
SM Retail has called off a planned acquisition of Goldilocks Bakeshop chain in the Philippines.
SM Retail has received approval from the Philippines antitrust body to acquire the Goldilocks Bakeshop chain.
SM Prime Holdings has opened a mall in Batangas to continue its expansion in southern Luzon.