SM Retail news

14 March 2022
7-Eleven launches 2022 presidential election cups in time for the national elections on 9 May. Special edition cups available across the country The cups come in 22-oz and 12oz sizes for either cold drinks or coffee. They show the names and images of five presidential candidtates: Senator Ping Lacson, Senator Manny Pacquiao, Vice President Leni Robredo, Manila Mayor Isko Moreno, and ex-sena...
08 December 2021
Christmas is the most important trading season for retailers in the Philippines. This year, retailers have relied more on virtual events to engage shoppers in a safe way. In Singapore and Malaysia, retailers are encouraging Christmas pre-orders, showing appreciation to frontline workers and sharing photos of their stores through social media. Philippines: first ever Christmas drive-through by ...
16 June 2021
Vaccination to protect against COVID-19 is now more accessible in Asia, but the uptake has been sluggish.  To encourage more people to get the jab, some retailers as well as suppliers from the food and grocery industry are offering discounts and prizes for vaccinated individuals.  Hong Kong: ParknShop, Watsons and Sa Sa offer cash vouchers The CK Group has launched a lottery for Hong Kong r...
08 January 2021
One of the most common questions I get asked by businesses, is how will my market develop over the next few years. While there remains uncertainty over what the next 12 months will look like, there is a strong sense of optimism that 2021 will be a year to rebuild, but also capitalise on the opportunities that have arisen in the ‘new normal’ across Asia. With this in mind, we have identified five ...
08 January 2021
COVID-19 may have dampened the mood this year, but major retailers in the Philippines launched programs to keep the joyful vibe over the Christmas season. SM Retail launched a Christmas Flash Mob and Tiktok dance challenge Despite longer operating hours to manage the influx of shoppers, the largest retailer SM Markets continued to provide shoppers with entertainment while implementing safe ...
07 August 2020
SM Retail in the Philippines has reported retail revenues for H1 down 18% to PHP139.2bn (US$2.84bn), with strong performance in food, offset by heavily impacted non-food revenues due to COVID-19. Food retail revenue up 15% to PHP100.1bn (US$2.04bn) Strong revenue growth in food was offset by tough trading conditions across its SM Store and Specialty retail functions, where revenue dropped 5...
10 March 2020
SM Retail's JV with Walter Mart has focused its attension on expanding its presence in Metro Manila and Luzon over the past year. Retailer remains focused on Greater Luzon The retailer who set up a joint venture with the Philippines market leading grocer SM Retail in 2013 has announced that it has grown its store network by six stores over the past year. The retailer has no plans currently ...
11 December 2019
SM Markets has taken the step to open 29 stores round the clock, in order to capitalise on the busy Christmas shopping season. Extended openings across all large format banners The strategy was initiated at its SM Hypermarket at the Mall of Asia in Manila on 8 December, with the store now open 24 hours a day (excluding 24-25 December) until 30 December. Between 16-30 December a whole hosts ...
21 November 2019
Indonesian convenience store chain Alfamart opened more than 200 new stores in the Philippines in 2019. Store network reaching 714 Since opening its first store in 2014 in the Philippines, Alfamart had more than 500 stores by end of 2018, operated by its local partner SM Retail. With the opening of the 714 th store in October this year, the retailer had more than 200 new stores opened in 2...
08 August 2019
The Philippines’ SM Investments has announced 2019 H1 results, achieving 14% year-on-year growth in the first half year, its retail business up by 13%. Retail revenue reaching PHP169.8bn The group’s retail business, SM Retail, saw revenues up by 13% to PHP169.8bn and net income reached PHP5.7bn. Excluding the adjustments due to the adoption of Philippine Financial Reporting Standards (PFRS)...