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Retail Asia11/10/2017

FamilyMart Philippines convenience-store chain, partly owned by the Ayala and Tantoco groups, is up for auction. With about 70 stores, the Japanese chain has been offered to prospective investors in the past few months. Ayala Land and the Rustan’s group, via their equally owned JV firm Sial CVS Retailers, in 2012 signed a deal with […]

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Retail Asia11/09/2017

Sports Central’s new Adidas HomeCourt Concept Store on the ground floor of the SM Megamall in Ortigas, Metro Manila, brings together innovation in both design and retail. Covering 279sqm, the store is designed as a retail space offering a sporting arena experience. Customers are welcomed by a bold, distinctive Arena Facade, similar to the entry […]

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Retail Asia28/08/2017

Mall chain The SM Store has launched a nationwide delivery service in conjunction with courier company LBC Express until the end of the year. Its “You Shop, We Move” promo offers shoppers a discount for every transaction through LBC, which has branches inside SM Supermalls. Shoppers simply present the purchase they want delivered, along with […]

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Retail Asia01/08/2017

Logistics 2Go Group, which has just been taken over by Chelsea Logistics Corporation and the SM Group, is studying a possible expansion into e-commerce. President Dennis Uy says there is nothing definite yet, especially with the cost being “quite high”. He says e-commerce would be the final link to its logistics business chain as 2Go […]

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Retail Asia30/04/2017

The Board of Directors of SM Investments Corporation (SM) announced key organizational changes that will support the company’s next phase of growth. The Board has already conferred upon Mr. Henry Sy, Sr. the role of Chairman Emeritus, in recognition of his role as the founder of SM and all of its core businesses. Mr. Sy, […]

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Retail Asia26/04/2017

SM Investments (SMIC) has taken 62.21 per cent controlling stake in Philippines Urban Living Solutions Inc (PULS), the operator of dormitory buildings under the MyTown brand. According to an SMIC disclosure, it acquired more than 674.8 million common shares of PULS, with price less than 10 per cent of the giant holding company’s net book […]

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Retail Asia31/03/2017

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 while existing Grab customers receive half-price rides. “Our collaboration with Grab marks not just […]

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Retail Asia02/03/2017

Retail chain SM will help its footwear affiliate SM Simply Shoes reach a total of 100 stores across the Philippines by the end of next year. SM Simply Shoes has 24 outlets since opening in September 2014, and aims to reach its 60th store by the end of this year, says SM assistant VP Elizabeth […]

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Retail Asia13/02/2017

SM Aura Premier is currently the first and sole mall in the Philippines to achieve LEED Gold in the retail sector and the largest LEED retail project in the Philippines based on gross square feet. The LEED (Leadership in Energy and Environmental Design) rating system, developed by the U.S. Green Building Council (USGBC), is the foremost […]

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Retail Asia12/01/2017

With retail rents still affordable compared to other Asia Pacific countries, the Philippines should be attracting more international brands, says a property analyst. This would further fuel the growth of the retail property market this year, says Jones Lang LaSalle Philippines (JLL) regional director Sheila Lobien, who is also the company’s head of project leasing […]

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Retail Asia10/01/2017

There is not enough spending power to support the number of Philippine provincial malls being developed, warns a real estate expert. This follows a “fantastic” year for the property sector during which most major developers opened malls. “Retail has had an incredible expansion in route,” says CEO David Leechiu of Leechiu Property Consultants (LPC) has […]

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Retail Asia15/12/2016

Enterprise Asia, a non-governmental organization based in Malaysia that organizes the Asia Pacific Entrepreneurship Awards (APEA), honored retail pioneer Henry Sy, Sr. with a Lifetime Achievement Award last Dec. 1 at a ceremony held at the Dusit Thani Manila. Sy is the first and only Filipino to receive the Lifetime Achievement Award from Enterprise Asia, which […]

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Retail Asia06/12/2016

An 80,000 sqm mall has been opened in eastern Metro Manila by Southeast Asian integrated property company SM Prime Holdings. As its 60th mall in the Philippines, SM City East Ortigas reinforces its commitment to continue expanding there given the economy’s strong performance, says SM Prime president Jeffrey C Lim. SM Prime’s malls in eastern […]

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Retail Asia05/12/2016

IT’S inevitable that the world’s first family in footwear, Bata, would partner with the Philippines’s premier retail family, the Sys of the SM Group. “First of all, their whole philosophy is business, their heritage coming from footwear. It’s particularly strong. Also, we have a friendship with the SM Group and the Sy family going on […]

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Retail Asia29/09/2016

CityMall-Roxas-City-Philippines-DoubleDragon-620x330.jpg

Listed Philippine property developer Double Dragon plans to build a network of 100 neighbourhood style shopping malls across the Philippines by 2020. The company has already opened eight CityMall centres and secured 53 sites to date. The new centres will range anywhere between 5000 sqm and 10,000 sqm. Last week DoubleDragon announced it was issuing […]

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Retail Asia02/08/2016

Bo’s Coffee Philippines is set to expand its network of 80 stores abroad. “We will be opening a franchise abroad by the end of this year. Further details of which will be announced in the fourth quarter of this year,” says CEO and founder Steve Benitez Celebrating its 20th anniversary this year, Bo’s Coffee aims […]

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Retail Asia26/07/2016

SM Prime’s SM Seaside City Cebu was recognized recently by the Urban Land Institute (ULI) Philippines Building Healthy Places Awards in the Commercial-Retail category. Building Healthy Places Awards recognize outstanding and innovative projects that add value to the community, promote healthy life choices and enhance the environment. SM Seaside City Cebu is the center of a future 30-hectare mixed-use masterplan which […]

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Retail Asia16/07/2016

SM Prime Holdings, Inc. has set the interest rate for its Peso-denominated Series F, 10-year retail bonds at 4.2005% per annum. SM Prime will issue an aggregate principal amount of Php10.0 billion of the Series F bonds, which will be offered to investors through underwriters from July 13 to 19, 2016. The retail bonds will be […]

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Retail Asia06/07/2016

SM Prime CEO, Hans Sy, has announced a semi-retirement. Sy has also served as SM Prime’s president since 2004, while holding key positions in SM subsidiaries and affiliates. Teresita Sy-Coson, vice chairperson of SM Investments – parent company of SM Prime, said Sy “wants to have more free time for himself and his organization is […]

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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 […]

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