SM Retail

Retail Asia29/05/2019

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 percentage to P19.6 billion. As at the end of March, SM Retail had 2385 […]

Retail Asia06/03/2019

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 operator and majority stakeholder SM Group. The 200 new stores will take its […]

Retail Asia30/11/2016

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, […]

Retail Asia06/10/2016

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 Properties is one of the up-and-comers. Back in April 2014, when its valuation was less than $100m, the company listed on […]

Retail Asia19/08/2016

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 urbanisation and rising wages. A young and increasingly skilled workforce also has a major […]

Retail Asia13/07/2016

Philippines-SM-celebrates-30th-anniversary-of-SM-City-North-EDSA-mall-1024x682.jpg

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 growing countries in Southeast Asia, with its GDP growth hitting 6.9 per cent in the […]

Retail Asia14/06/2016

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 presentation that the merger of all retail-related businesses under SM Retail would ratchet up footprint […]

Retail Asia09/05/2016

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 continued to expand, adding five new stores. At […]

Retail Asia02/03/2016

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 of directors approved the merger of SM Retail with companies operating leading local retail […]

Retail Asia08/02/2016

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 has shifted consumers toward a more modern lifestyle, including the way they buy and use home-furnishing products. It also […]

Retail Asia13/11/2015

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 period, the company said its SM Food Retail Group (SM Markets) continued […]

Retail Asia07/11/2015

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 century of retail experience under its belt, SM Retail […]

Tag: SM Retail

SM Retail Achieves Small Profit Boost

Alfamart Philippines opening 200 new stores this year

Alfamart Philippines plans 120 stores

DoubleDragon aims for real estate empire in rural Philippines

Philippines grocery retail market ‘stands out in Asia’

Philippines: the rising star of Asian retailing

SM Retail consolidation set

SM Retail sales boosted

SM Investments to consolidate its retail assets under one entity

Index Living Mall plans ASEAN expansion

SM Retail posts solid sales growth

SM named Philippines’ Top Retailer