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SM Retail has achieved a first-quarter profit increase of 5 percent to P2.7 billion (US$51.7 million). Retail revenues in the first three months rose by 13 percent year-on-year to P79 billion, while sales from specialty retail stores grew by the same…
Mini-mart chain Alfamart will open 200 new stores in the Philippines next year, according to a Fitch Ratings report. It said Alfamart Philippines stores already has 400 stores in the country, of which 180 were opened this year in partnership with local…
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…
With the Philippines’ consumption-driven economic boom showing no signs of abating, modern retail enterprises are sprouting outside the capital. Some are new companies eager to make a mark alongside the country’s established conglomerates. DoubleDragon…
According to retail analyst IGD, the Philippines is one of the fastest-growing countries in Southeast Asia, with its GDP growth hitting 6.9% in the first quarter of 2016, and further strong expansion predicted on the back of robust domestic consumption, rapid…
Global food and grocery specialist IGD visited Manila during the May 2016 presidential elections. Here IGD’s senior retail analyst, Jenny Li, examines what is giving the country’s retail sector such a positive outlook. The Philippines is one of the fastest…
Soon all SM’s retail-related businesses will come under a single umbrella company. The planned SM Retail consolidation is expected to boost sales by 16.6 per cent to Php251 billion. SM Investments Corp, Henry Sy’s holding company, said in an investor…
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…
February 29, 2016: SM Investments Corp (SM), the holding company of Philippine-based conglomerate SM Group of Companies, is merging its retail arm SM Retail Inc with related retail firms earning revenues up to $1 billion. SM earlier disclosed that its board…
Home-furnishing retailer Index Living Mall has announced its 2020 vision to continue its push beyond Thailand into other ASEAN countries. With franchised stores already trading in Malaysia, Thailand and Vietnam, the company believes the region’s urbanisation…
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…
In October 1958, SM, then known as Shoemart, was nothing but a lone store along Rizal Avenue in downtown Manila. Fifty-seven years later, it has become a part of the lives of millions of Filipinos across the country and abroad. And with more than half a…
