By Esquire Philippines
The retail behemoth is making good on its target to open 100 malls by 2026.
SM, the country’s largest retailer and one of the largest property developers in Asia, is celebrating 65 years this year but it is showing no signs of slowing down. Its mall business, in particular, is on a roll. In May, SM inaugurated its 83rd mall in Balanga City, Bataan and malls number 84 and 85 are not far behind.
According to SM Supermalls President Steven Tan, the company is on track to open two more malls before the end of the year: one in Sto. Tomas, Batangas, and another in San Pedro, Laguna.
Five more giant malls will open next year, including two in the Ilocos region: one in Laoag City, the first SM mall in Ilocos Norte; and the other in the province of La Union.
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