Tag Archives: SM

SM Prime Southeast Asian expansion plans afoot

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(Source: Inside Retail Asia | 24 April 2017) SM Prime Southeast Asian expansion plans are imminent, judging by a chance interview with the company’s chairman. The Philippine property company already operates 60 malls in its home market and a growing portfolio in China, currently standing at seven. A foray into Southeast Asia has long been whispered and shareholder expectation rose ...

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SMIC acquires minority stake in 2Go Group

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  (Source: Philippine Star | 1 April 2017) SM Investments Corp. (SMIC) has entered the logistics business with its acquisition of a minority stake in 2Go Group Inc. SMIC said yesterday it completed the purchase of a 34.5 percent stake in 2Go, the country’s largest integrated supply chain operator. “We are pleased with this opportunity to invest in a fast ...

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SM Simply Shoes targets 100 stores

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(Source Inside Retail Philippines | 1 March 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 ...

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SM opening 4 malls in 2017

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(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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SM City Tianjin opens

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(Source: Inside Retail Asia | 22 December 2016) SM Prime Holdings says it has opened its giant new SM City Tianjin shopping centre. But some property industry sources are expressing concerns that the second-tier Chinese city is already over-malled and wondering how the centre will fare. “The Philippines biggest retail developer must be hoping that Christmas is catching on in ...

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Like Father, Like Daughter: SM Vice Chairperson Teresita Sy-Coson is Man of the Year

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(Source: SM Investments Corp. | 13 December 2016) Ms. Teresita Sy-Coson received this year the prestigious Man of the Year award from the Management Association of the Philippines (MAP), the same great honor bestowed on her father, retail pioneer Henry Sy, Sr. 17 years ago. Mr. Sy, in his acceptance speech then said that the “day will come when I ...

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Sy Sr. first Filipino Lifetime Achievement awardee of int’l entrepreneurship NGO

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(Source: SM Investments Corp. | 13 December 2016) Malaysia-based Enterprise Asia, a non-governmental organization which organizes the world-class Asia Pacific Entrepreneurship Awards (APEA), recently honored SM founder and retail pioneer Henry Sy Sr. with a Lifetime Achievement Award at a ceremony held at the Dusit Thani Manila. Sy is the first and only Filipino to receive the Lifetime Achievement Award,  ...

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SM Store Sucat reopens after refurbishment

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(Source: Inside Retail Philippines | 2 December 2016) SM Store Sucat has reopened after a major refurbishment. The store has been relocated to the ground floor Atrium of building A in the renovated and expanded SM City Sucat shopping centre. The two-level, 12,400 sqm store was designed by The Retail Element. One of its key features is a completely open ...

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SM China carving niche to compete with online

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(Source: Inside Retail Asia | 4 November 2016) Philippine mall developer and retailer SM says it is succeeding in China by creating destinations with offers which cannot be replicated online. SM China currently has properties in eight cities – Xiamen, Jinjiang, Chengdu, Suzhou, Chongqing, Zibo, Tianjin and Yangzhou – with a combined area of 950,000 sqm. “By positioning ourselves to ...

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Alfamart Philippines targets 400 stores next year

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(Source: Inside Retail Philippines | 28 September 2016) Mini market chain Alfamart Philippines aims to expand its network to 400 stores next year. After 2017, the company will be doubling the number of its stores every year. Alfa Group chairman Djoko Santoso says the business climate in the Philippines is good for license processing and land acquisition, encouraging the chain’s ...

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