The SM Store Archives - Inside Retail Asia
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).
An 80,000 sqm mall has been opened in eastern Metro Manila by SM Prime Holdings.
SM Retail sales rose in the first quarter as Filipinos spend up at large.
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).