By The Philippine Star
Alfamart, the minimart chain of the SM Group, is embarking on a more aggressive growth as it ramps up store expansion starting this year.
SM Investments Corp. (SMIC) president and chief executive officer Frederic DyBuncio said Alfamart intends to increase its expansion from 250 new stores a year to at least 400 starting this year.
Alfamart has a total network of 1,692 branches, most of which are located outside Metro Manila, as of end-2023.
Each store carries up to 4,000 stock-keeping units.
Last year, a total of 287 new Alfamart stores were opened within Luzon. In June last year, Alfamart reached a new milestone with the opening of its 1,500th store in the country.
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