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May 2, 2017 @ 12:58

Henry Sy wants stronger foothold in C-store industry


SM Retail is opening 120 to 140 Alfamart stores this year as part of plans to double its current network.

Alfamart, a joint venture between the SM Group of retail tycoon Henry Sy and Alfamart Indonesia, offers basic groceries, foods, medicines and convenience foods 24 hours a day.

The group is looking at opening an average of 10 to 12 Alfamart stores per month or a total of 120 to 140 stores this year.

At present, the company has 210 Alfamart stores in Metro Manila and in Southern Luzon.

Alfamart is a franchised chain of convenience stores from Indonesia, with over 10,000 stores across Southeast Asia.

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