SM receives Retail Asia's Hall of Fame award
November 28, 2011
Manila Bulletin
MANILA, Philippines — The SM Retail Group was recently inducted into the Hall of Fame of Retail Asia’s Asia Pacific Top 500 Awards during a gala dinner in Singapore, highlighting its leadership not only in the Philippines, but also in the Asia-Pacific region.
Considered the pinnacle of the Top 500 Awards, the distinction of being inducted into the Hall of Fame is given to retailers who have been awarded the Best of the Best Award over three consecutive years.
Spearheaded by Retail Asia, the prestigious Singapore–based magazine, the Top 500 ranks retailers in 14 Asia-Pacific economies on sales turnover and sales productivity. This includes retailers from Australia, China, Hong Kong, India, Indonesia, Japan, Malaysia, New Zealand, the Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam.
Drawing from Euromonitor International’s research and analysis of the retail industry around the world, analysts in the 14 Asia-Pacific economies featured did research for the 2011 edition. The ranking continues to highlight companies that have become the movers and shakers in the region’s retail sector.
The Best of the Best Award is presented to a select group of retailers who rank among the top three in their respective market, and whom an independent jury has assessed as the crème de la crème among their peers.
During the same event, SM received its Gold Award as the Philippines’ top retailer for the eighth year in a row.
“These are retailers whose sales turnover and productivity and sales performance have been superlative in their respective niches, and whose performance towers over industry norms,” says Steven HL Goh, Executive Chairman of Retail Asia Publishing. “We are proud to salute their performance and present them accolades for their achievement.”
As a Gold Awardee, SM is among the Asia-Pacific retailers who have “retained their respective exalted position on account of their business volume and market leadership.”
SM’s aggressive mall expansion program has allowed it to open more stores and communities outside the Metro. “Having pioneered bringing world class shopping extensively around the Philippines, we have become part of the communities we serve,” says SM Investments Vice Chairman Tessie Sy Coson.
Spearheaded by Retail Asia, the prestigious Singapore–based magazine, the Top 500 ranks retailers in 14 Asia-Pacific economies on sales turnover and sales productivity. This includes retailers from Australia, China, Hong Kong, India, Indonesia, Japan, Malaysia, New Zealand, the Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam.
Drawing from Euromonitor International’s research and analysis of the retail industry around the world, analysts in the 14 Asia-Pacific economies featured did research for the 2011 edition. The ranking continues to highlight companies that have become the movers and shakers in the region’s retail sector.
During the same event, SM received its Gold Award as the Philippines’ top retailer for the eighth year in a row.
“These are retailers whose sales turnover and productivity and sales performance have been superlative in their respective niches, and whose performance towers over industry norms,” says Steven HL Goh, Executive Chairman of Retail Asia Publishing. “We are proud to salute their performance and present them accolades for their achievement.”
As a Gold Awardee, SM is among the Asia-Pacific retailers who have “retained their respective exalted position on account of their business volume and market leadership.”
SM’s aggressive mall expansion program has allowed it to open more stores and communities outside the Metro. “Having pioneered bringing world class shopping extensively around the Philippines, we have become part of the communities we serve,” says SM Investments Vice Chairman Tessie Sy Coson.
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