Philippines' SM Group plans to open 200 more Alfamart stores in Luzon this year to challenge Seven & i Holdings Co (TYO:3382) unit 7-Eleven's lead, Nikkei reported Sunday.
Alfamart, a joint venture with Indonesia's Sumber Alfaria Trijaya, had over 2,100 stores by the end of 2024. It sets itself apart by offering groceries alongside snacks, according to the report.
SM is expanding ties with laundromats and food chains to boost store traffic while targeting high-density areas with malls and everyday locations with Alfamart, the report said.
7-Eleven leads the market with over 4,000 stores, according to the report.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
Price (JPY): $1968.00, Change: $-5.0, Percent Change: -0.25%
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。