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Makro who opened first store in the Philippines in 1996 through a joint-venture with SM Prime Holdings and Ayala Group. In 2004 Ayala sold its 28% stake to its joint-venture partners. [8] In late 2007 SM Investments folded the Makro stores into its operations after it increased its ownership of Pilipinas Makro to 60%.
Pilipinas Makro (initially fully taken over by SM and all branches subsequently converted into SM Hypermarkets, Savemore Markets or abandoned) Glo-ri's Supermart (acquired by SM from Glorimart Inc. and all branches subsequently converted into Savemore Markets)
SM Supermalls, or simply SM, is a chain of shopping malls owned by the Philippines-based SM Prime. As of February 2025, it has a total of 95 malls (87 in the Philippines and 8 in China). It also has 13 malls under construction (5 in the Philippines and 2 in China). It was formerly known as Shoemart.
SM Markets – a chain of food retail stores consisting of SM Supermarket, SM Hypermarket and Savemore. SM Store – a department store; Walter Mart – a shopping mall owned by a joint venture between SM and a local company. Alfamart – a convenience store owned by a joint venture between SM and an Indonesian company.
Shopping malls play an important role in the Philippine economy. Major Philippine mall chains include SM Supermalls, which has over 86 shopping malls around the country, and Ayala Malls, which has 31 shopping malls nationwide.
SM Retail has ownership over SM Supermarket, SM Hypermarket and Savemore chains which would later be called collectively as SM Markets. [8] [1] It also owns SM Store department stores and food retail stores under Walter Mart and Alfamart (joint venture between SM and the Indonesian-based mini-mart/convenience store chain for Philippine franchise).
SM Seaside City in Cebu City. This is a list of notable shopping malls in the Philippines.The retail industry in the Philippines is an important contributor to the national economy as it accounts for approximately 15% of the country's total Gross National Product (GNP) and 33% of the entire services sector.
This page was last edited on 13 December 2017, at 10:57 (UTC).; Text is available under the Creative Commons Attribution-ShareAlike 4.0 License; additional terms may apply.