Savemore on rapid expansion mode
MANILA, Philippines - Savemore Market has embarked on a rapid expansion mode with the opening of several stores in different parts of the country, bringing the current network to 166 stores nationwide.
The company owned by retail magnate Henry Sy plans to open 13 new branches this year.
It opened seven new stores in February largely in the provincial areas to reach thousands of shoppers nationwide.
“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.
SM Markets opened Savemore Market San Andres in Manila last Feb. 9 followed by four stores in Negros Occidental namely, Savemore Market Kabankalan, Savemore Market Victorias, Savemore Market San Carlos, and Savemore Market San Carlos Citymall from Feb. 14 to 16.
Savemore Market also opened in Boracay last Feb. 25 and in Tagum, Davao del Norte last Feb. 28.
With its expansion, Savemore Market is the fastest growing format of SM Markets, which also includes SM Supermarket and SM Hypermarket.
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