Alfamart Philippines plans 120 stores
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Alfamart Philippines is set for major expansion with funding secured for as many as 120 new stores.
Alfamart Philippines is set for major expansion with funding secured for as many as 120 new convenience stores.
Minority parent company Sumber Alfaria Trijaya already operates 44 stores in the Philippines in a joint venture with SM Retail, through its local subsidiary Alfamart Retail Asia. That company has secured local financing to fund the expansion, which will cost an estimated US$3.8 million.
The Philippine roll-out is part of a broader expansion plan for Sumber Alfaria Trijaya which will open 1200 stores in Indonesia this year. Currently, it has 10,086 stores in its home market, including 2958 which are franchised.
Questions & Answers
Q.How many Alfamart stores currently operate in the Philippines?
How many Alfamart stores currently operate in the Philippines?
There are currently 44 Alfamart stores in the Philippines. These stores are operated through a joint venture between Sumber Alfaria Trijaya and SM Retail.
Q.Who is providing the funding for the expansion of Alfamart in the Philippines?
Who is providing the funding for the expansion of Alfamart in the Philippines?
The local subsidiary, Alfamart Retail Asia, has secured local financing for the expansion. This funding will support the development of the new stores.
Q.What is the estimated cost for the planned 120 new stores in the Philippines?
What is the estimated cost for the planned 120 new stores in the Philippines?
The estimated cost for the expansion, which includes opening as many as 120 new convenience stores, is US$3.8 million. This funding has already been secured.
Q.How many stores does Sumber Alfaria Trijaya plan to open in its home market this year?
How many stores does Sumber Alfaria Trijaya plan to open in its home market this year?
Sumber Alfaria Trijaya plans to open 1200 new stores in Indonesia this year. This is part of a broader expansion strategy beyond the Philippines.
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