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SM Retail sales grew across all operations – which consist of both SM Markets and The SM Store. Total sales grew 8 per cent to P48.8 billion (US$1.0 billion) in the first quarter, while net income rose 16 per cent to P1.5 billion. SM’s food retail business…
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). Profit rose 21 per cent to PHP4.6 billion (US$98.2 million). Reviewing its operating divisions over the…
The Philippines’ SM Retail plans to open 20 more Savemore supermarkets this year after reaching the 100 threshold last year. Savemore is a neighbourhood grocer format, typically about 1300 sqm and located in areas where there is little organised retail…
