Top Filipino firm SM
Group spearheaded 2010 as they will open an additional 30 more branches as the
company grows each year.
The SM Group Food Retail
Unit will open 30 more branches in different regions in the country this year as
higher consumption aided by the traditionally strong spending ahead national
elections is expected.
Known as the largest
owner of supermarket business in the Philippines, the SM Group has
bright plans for their supermarkets such as SM Hypermarkets, Supermarkets, Save
More and the Makro Outlets.
Robert Kwee, executive
vice president of the retail group unit announced that SM’s direction in 2010
will be to open more stores, in what they call food retail business. “We will
open between 20 and 30 outlets for the entire group”
“We will open more in
Metro Manila and in provincial locations,” Kwee said.
SM food retail unit now
has 82 outlets nationwide and with the opening of new stores in the coming
months or years may help reach SM to their 100-outlet mark.
Volume and sales wise, SM
food markets is undeniably the largest and most visited by consumers compared
to its competitors.
He pointed out that the
group could expect a substantial increase in revenues, even if it managed to
attract even just a fraction more of the foot traffic that goes through the SM
“The mall, the SM brand,
is so powerful for attracting foot traffic,” he said.
The SM official also
noted that the movement by the consuming pubic toward greater convenience is
feeding the Save More business.
“For a distance of five
kilometers [from a mall], a customer only wants to walk 500 meters,” he said.
“That’s why we have Save More.”
The business expansion of
SM would not only benefit on their behalf but would also give employment opportunities
for Filipinos as the number of graduates will increase and would add to the
previous numbers of the unemployed.
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