Tag Archives: SM Malls

Lazada hosts SM sale as malls, online stores co-exist in Philippine

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(Source: ABS-CBN News | October 17, 2017) The country’s largest mall operator, SM, kicked off a 3-day sale on Lazada on Tuesday, illustrating what the CEO of the online marketplace says can happen when physical and online retail don’t see each other as rivals. Shopping malls have become the new city centers in the Philippines. SM has 63 outlets locally, ...

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SM Prime sees no mall saturation as 65th opens

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(Source: inquirer.net | October 11, 2017) Property giant SM Prime Holdings Inc. is opening a new shopping mall in Cagayan’s capital city of Tuguegarao, further expanding its nationwide footprint as this marks its 65th domestic retail hub. SM Center Tuguegarao Downtown, the first SM mall in Cagayan Valley, is set to open on Thursday, Oct. 12, adding 37,000 square meters ...

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SM opening mall in Puerto Princesa

SM Palawan

(Source: Inquirer.net | September 13, 2017) Property giant SM Prime Holdings Inc. has gained a foothold in Palawan with the opening of a new shopping complex in the coastal city of Puerto Princesa, marking the 64th in its chain of shopping malls. SM City Puerto Princesa – SM Prime’s first premier mall in the country’s largest province which is a ...

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SM Group to sell insurance in malls

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(Source: Inside Retail Philippines | September 11, 2017) The SM group has opened up its shopping malls as a pioneering sales platform for insurance, starting with basic products like compulsory third-party liability (CTPL), travel and dengue insurance. Eventually, the plan is to broaden the offer to cover pets, motorcycles and even insurance for cancelled weddings. The group has teamed up ...

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More SM malls get solar power

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(Source: Philippine Star | August 27, 2017) Retail giant SM Supermalls continues its partnership with Solar Philippines as it puts up more solar rooftops in its malls to end 2017 with 8.9 megawatts (MW) total capacity. This month, SM Supermalls completed solar panel projects in three malls —SM City Cauayan, SM City Cabanatuan and SM City Iloilo. It will launch ...

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Provincial malls lift SM Prime Q2 profit

SM Retail

(Source: Business World | August 8, 2017) SM Prime Holdings, Inc. grew its earnings by 15% in the second quarter of 2017, as it starts to reap the benefits of establishing more malls in the provinces. In a statement on Monday, the holding firm for the retail and property business reported a net income of P7.79 billion, higher than the ...

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SM’s 63rd PH mall Cherry Antipolo opens

06-28 SM Cherry

(Source: Inquirer.net | June 28, 2017) Southeast Asian property giant SM Prime Holdings, Inc. (SMPH) has expanded its footprint in Rizal with the opening of a modernized Cherry mall in Antipolo, its 63rd shopping center in the country. SM Cherry Antipolo, which is set to open on June 30 (Friday), is located along Marcos Highway with a gross floor area ...

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SM opens 2nd mall in CDO

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(Source: Philippine Daily Inquirer | 12 May 2017) Property giant SM Prime Holdings has expanded its footprint in Mindanao with the opening of a lifestyle-oriented shopping mall in Cagayan de Oro (CDO). SM CDO Downtown Premier, which is set to open today, will add almost 178,000 square meters (sqm) of gross floor area to the group’s total retail footprint. “SM ...

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SM opening 4 malls in 2017

SM Retail

(Source: Inquirer.net | 16 January 2017) Property giant SM Prime Holdings Inc. is set to open four new Philippine shopping malls with a combined gross floor area of 292,000 square meters (sq m) this year, cementing its market leadership in the retail property space. SM Prime—now the most valuable company in the local stock market and a leading property developer ...

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New malls boost SM Prime revenue

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(Source: Inside Retail Asia | Aug. 5, 2015) SM Prime Holdings has posted a 90 per cent increase in first half year sales to PHP18.7 billion (US$408 million). However the increase was largely due to one time gains on the sale of securities; recurring income grew by a more modest, but still healthy, 15 per cent. The company says new ...

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