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The Philippine mall giant is replacing traditional retail space with experiential leisure and food outlets under a five-year overhaul aimed at Gen Z shoppers.
Philippine mall operator SM Supermalls saw first-half same-store sales climb 4.8 per cent, supported by casual dining and experiential tenants.
Shopping centers absorbed 26,000 square meters of new space in the second quarter of 2026, with SM Supermalls drawing 1.4 billion visits over the past year.
SM Supermalls has partnered with ride-hailing and multi-service mobile platform Grab in a special promotion. The companies will offer 10,000 Grab coupons in Metro Manila and such key cities as Bacolod, Cebu, Davao and Iloilo. New users are offered free rides…
Property, retail and banking tycoon Henry Sy whose conglomerate owns the chain of SM Supermalls in his country and China has retained the title of the Philippines’ richest person for the eight consecutive year, with his net worth up $1.7 billion from last…
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