Author Topic: SM wins Retail Asia’s Best of the Best award  (Read 1030 times)

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SM wins Retail Asia’s Best of the Best award
« on: November 14, 2009, 01:21:19 AM »
THE SM Retail Group received of the Best of the Best Award during the 2009 Retail Asia-Pacific Top 500 Awards held recently at the COEX Intercontinental Hotel in Seoul, Korea, highlighting its leadership not only in the Philippines, but also in the Asia-Pacific region.

This was the second consecutive year that the SM Retail Group was named the Best of the Best, and the sixth year in a row that SM won the Gold Award as the Philippines’ Top Retailer for the sixth year in a row. The SM Department Store also received the Country Award for the Philippines by the Federation
of Asia Pacific Retailers Association during the closing ceremonies of the 14th Asia Pacific Retailers Convention and Exhibition also in Seoul, Korea.

Spearheaded by Retail Asia, the prestigious Singapore based magazine five years ago, the Top 500 ranks retailers in 14 Asia-Pacific economies on sales turnover and sales productivity. The ranking continues to highlight companies that have become the movers and shakers in the region’s retail sector.

Drawing from Euro-monitor Intl’s research and analysis of the retail industry around the world, analysts in the 14 Asia-Pacific economies featured did research for the 2008 edition. The latter included Australia, China, Hong Kong, India, Indonesia, Japan, Malaysia, New Zealand, the Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam.

The top three retailers from each of the countries in the Asia-Pacific region were awarded gold, silver, and bronze awards during the event; and the Best of the Best were selected from the Gold Awardees Local retailers cited included Mercury Drug and Rustans, which won the Silver and Bronze Awards, respectively, for the Philippines.

“The 2009, Retail Asia-Pacific Top 500 Ranking was a pleasant surprise in that the combined sales turnover of the region’s top 500 retailers has expanded instead of contracting in the wake of what has been widely regarded as the world’s gravest economic turmoil,” says Steven HL Goh, executive chairman of Retail Asia Publishing Pte Ltd. “Total sales turnover grew at a sterling double digit rate of 13.7 percent.”

“Their ranking is a testimony to their success in the leadership and dominance in their respective markets,” he continues. “They fully deserve all the accolades and praises for their accomplishments. Well done!”

“As a retailer, change is in our DNA,” says Teresita Sy-Coson, president of SM’s non-food retail group. “We always innovate and make everything new and exciting.”

SM, which has 36 branches nationwide, has become part of the lives of many Filipinos, not only because of its merchandise but also because of its one stop shopping experience and service.


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