Waltermart Archives - Inside Retail Asia
SM Retail has achieved a first-quarter profit increase of 5 per cent to P2.7 billion (US$51.7 million).
SM Investments has acquired a 34.5 per cent stake in supply-chain business 2Go Group.
After consolidating its retail stores under SM Retail, SM Investments Corp plans to accelerate growth.
SM Retail sales rose in the first quarter as Filipinos spend up at large.
SM Investments in The Philippines has approved the merger of its SM Retail subsidiary with related companies, bringing together 1374 outlets.
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).
Philippines retail conglomerate SM says it is in talks to buy grocery retailer Cherry Foodarama.
New stores help deliver 6.5 per cent growth for SM Corp subsidiary SM Retail.
SM forges alliance with Waltermart.