Pasay City, Philippines, 2017-Mar-24 — /EPR Retail News/ — Savemore Market, the neighborhood store format of SM Markets, takes rapid expansion to a whole new level by opening seven new stores in February largely in the provincial areas to reach thousands of shoppers in remarkable back-to-back store openings.
SM Markets opened Savemore Market San Andres in Manila on February 9 followed by four stores in Negros Occidental within a span of three days, namely, Savemore Market Kabankalan, Savemore Market Victorias, Savemore Market San Carlos, and Savemore Market San Carlos Citymall, from February 14-16.
From the Sugar Capital of the Philippines, Savemore Market opened in the paradise island of Boracay on February 25 and lastly in Tagum, Davao Del Norte on February 28, bringing the total number of Savemore Market stores to 166 nationwide today. Savemore Market also plans to open an additional 13 stores in 2017.
“We continue to expand while taking into consideration the changing needs of the market. With more communities outside of Metro Manila still with minimal access to groceries and with the worsening Manila traffic, shoppers need a complete source of daily and weekly essentials that do not require them to travel far,” Savemore Market President Jojo Tagbo said.
Savemore Market is currently the fastest growing format of SM Markets, which also includes SM Supermarket and SM Hypermarket. This innovative format is geared towards answering shoppers’ last minute grocery needs while remaining compact, complete, and very convenient to shop at.
With its consistent solid performance, Savemore Market was recognized by six different cities and municipalities in the Philippines as their top tax payers for 2016 adding more trophies to its previous recognitions. Majority of Savemore Market’s branches are also recipients of DTI’s Gold Bagwis Seals for service excellence. And by upholding SM’s standard of service, Savemore Market received the 2015 Best Supermarket award from the Philippine Retailers Association joining previous winners SM Supermarket and SM Hypermarket.
Savemore Market gives back to the community by supporting local government initiated campaigns like Diskwento Caravans, clean-up drives, and Brigada Eskwela. In fact, Savemore Market was given the Hall of Fame status by DepEd Lucena City in Quezon province for its contributions to DepEd’s Adopt-a-School program. Large electric fans to help ventilate several churches were also donated by Savemore Market through the Felicidad Sy Foundation. Savemore Market also implements programs like the SM Markets-wide Baryanihan where loose change is donated by shoppers for the benefit of a chosen underprivileged school and the Join the M.O.B. (My Own Bag) campaign which encourages shoppers to reuse shopping bags and reduce waste.
For further information, please contact:
Ms. Corazon P. Guidote
Senior Vice President for Investor Relations
SM Investments Corporation
Tel. No. (632) 857-0117
Source: SM Investments Corporation