SM Markets, the country’s biggest retail chain owned by conglomerate SM Investments Corp., said its aggressive rollout of supermarkets boosted its total network to 265 stores across the country.
SM Markets said in a statement it managed to expand its presence nationwide from Aparri in the north to General Santos in the south by opening 30 stores a year.
“It aims to bring its stores to the far reaches of the country, even in places no one imagined an SM Markets store can open, to deliver world class products and services to every Filipino household,” SM Markets said in a statement.
“Having a holistic view of the disparities of rural and urban markets pushed SM Markets to close the gap through its stores, especially those in remote areas, which act as main shopping centers for their communities.”
SM Markets operates three supermarket brands including SM Supermarket, Savemore Market and SM Hypermarket. The three brands provide SM Markets the ability to serve different market segments.
SM Supermarket offers a wide array of food and non-food products and services inside SM malls while SM Hypermarket has a larger range of non-food products items as well as a diverse range of food products and is located either in larger stores either inside SM malls or in stand-alone locations.
Savemore is a mid-format supermarket that stands alone as a neighborhood store built to service impulse markets and smaller communities across the country.
“For over 30 years, SM Markets has taken bold steps to push the envelope further with continuous innovation and aggressive expansion. It has filled a long list of contributions to local retailing but it will never stop continuously improving grocery shopping in the country,” it said.