SM Retail

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This is an old revision of this page, as edited by 130.105.231.188 (talk) at 13:14, 8 August 2018 (Updated and added content on this article; regards about their subsidiaries under the SM Speciality Stores division, IDK if this info is surely correct...). The present address (URL) is a permanent link to this revision, which may differ significantly from the current revision.

SM Retail
Company typeHolding company
HeadquartersPasay, Metro Manila, Philippines
Key people
Teresita Sy-Coson (Chairperson)
RevenueIncrease ₱276.5 billion[1] (2016)
Increase ₱10.6 billion[1] (2016)
ParentSM Investments Corporation
Subsidiaries
  • The SM Store
  • SM Markets
    • Supervalue, Inc. (SM Supermarket)
    • Sanford Marketing Corporation (Savemore Market)
    • Super Shopping Market, Inc. (SM Hypermarket)
  • SM Speciality Stores
    • ACE Hardware Philippines
    • Homeworld Shopping Corp. (SM Home)
    • International Toyworld (Toy Kingdom)
    • Nursery Care Corporation
    • Casamia Furniture Center, Inc. (Our Home)
    • Kultura Store
    • Star Appliance Center (SM Appliance Center)
    • CK Fashion Collection Corp.
    • Signature Lines
    • Supplies Station
    • Sports Central (Manila)
    • H & B, Inc.
    • Fitness Health & Beauty Holdings Corp.
Websitewww.sminvestments.com/retail

SM Retail Inc. is a private retail holding company based in Pasay, Metro Manila, Philippines. It is a subsidiary of the conglomerate SM Investments Corporation.[2][3]

History

In 2006, the board of directors of the SM Investments Corporation announced that it will undergo a corporate restructuring. Under the restructuring, two companies were established: SM Retail Inc. and SM Land Inc. The SM Supermarket, SM Hypermarket, and SM Department Store (now The SM Store) retail chains were placed under the ownership of SM Retail while SM Land Inc. is responsible for managing the real estate assets of the parent corporation. SM Prime Holdings remains the sole operator of the SM Groups' SM Supermalls shopping mall chain (SM Prime later bought out and merged SM Group's land property division (SM Land) in 2013, which owns SM Development Corporation, Highlands Prime, Inc., SM Hotels and Convention and SM Commercial Properties Group).[4] In 2016, SM Retail through Macquarie Capital underwent a merger with various local retailers.[5]

Retail brands

SM Retail has ownership over SM Supermarket, SM Hypermarket and Savemore chains which would later be called collectively as SM Markets.[6][1]It also owns The SM Store department stores and food retail stores under WalterMart and Alfamart (joint venture between SM and the Indonesian-based mini-mart/convenience store chain for Philippine franchise).[5]

Since the company underwent a merger in February 2016 with various local retail companies, SM Retail has ownership over other retail brands such as Ace Hardware, SM Appliances, Homeworld, Our Home, Toy Kingdom, Watsons, Kultura, Baby Company, Sports Central, Pet Express.[1] It also has majority stakes in Alfamart, Forever21, and Crate & Barrel's local operations.[5]

References

  1. ^ a b c d "2016 SMIC Annual Report" (PDF). 2016. pp. 13–18. Retrieved 1 May 2018.
  2. ^ Austria, Jennifer (1 May 2017). "SM Retail eyes 500 Alfamart stores". Manila Standard. Retrieved 1 May 2018.
  3. ^ "Company Overview of Sm Retail, Inc". Bloomberg. Retrieved 1 May 2018.
  4. ^ "SM Corp. restructures to simplify ownership". SM Prime Holdings. 10 August 2006. Retrieved 1 May 2018.
  5. ^ a b c Gonzales, Iris (13 July 2016). "SEC approves retail merger in SM Group". The Philippine Star. Retrieved 1 May 2018.
  6. ^ "SM Markets". SM Investments Corporation. Retrieved 1 May 2018.

External links

  • Media related to SM Retail at Wikimedia Commons
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