SM

SM

SM Cebu stools are PAINFUL for SENIORS ELDERS to use!

I had the occasion over Christmas to attend a nice University of the Visaya's Christmas concert on Christmas Eve at SM Cebu.  There were a number of older seniors in attendance at this concert in the main lobby of the new west wing.

But in the newspaper ads there were no times listed and this is a big problem and when we arrived no one seemed to know when the concert would begin and there were no signs giving the details.  All public releases should always include approximate times for activities please.  We arrived at 3pm and waited until 6 pm when it did finally begin.  

I know Henry Sy has made great efforts to make his malls friendly to handicapped and senior citizens but these black backless stools were not included in this effort evidently.  Yes it looks very architecturally correct but it is not practical for seniors who need extra support on the back .  I put my stool against a support pillar to provide the support my curving old back needed hehe.



A more practical solution that SM should adopt as many quieter music events attract the older senior population, would be to use regular plastic chairs with backs as many malls do already.  There are workers there already to set up and take down as they took the stools away before the concert to the other end for a children's activity and then returned them afterwards but the stools could have been used for the children's activitiy and the plastic chairs for the concerts please!


The concert was very enjoyable and UV just won at the Manila CCP  awards 2009: A great year for the UV Chorale   Watch them also on YouTube at another concert 
http://www.youtube.com/watch?v=0t1fBzAFaR0&feature=player_embedded

Thanks SM for sharing with us.  

SM Prime eyeing offshore real estate fund for malls in China

From Bworldonline:  Sy-led SM Prime Holdings, Inc. is considering putting the assets of its Hong Kong-based property unit under a Chinese real estate investment trust (REIT) to solidify its overseas market presence.

AN Artist’s rendition of the SM mall in Chengdu -- www.smcity.cnThis is an alternative to an offshore public listing, an option which the country’s largest mall operator is also studying.
“The [company’s plan] in China is that once we get a good number of malls and the condition is still good, we can either do an initial public offering (IPO) or a REIT offering,” Mr. Sio said.

“In China, if you do an IPO or REIT, you can sell as high as 25 times of your capital. [Here in the Philippines,] it is only 14 or 15 times. So the upside potential in China is huge,” Mr. Sio said.  


Continue reading here http://www.bworldonline.com/main/content.php?id=3413

SM Investments on track to hit profit target
http://www.gmanews.tv/story/179638/sm-investments-on-track-to-hit-profit-target


SM Investments sees over P15-billion income this year

Using 'Shoe Mart' name in vain


Cito Beltran The Philippine Star December 14, 2009   Imagine “Santa Claus” being Mega Mauled.

Imagine some talent scouts “ripping off” a four-year old’s face.  Imagine people using the “Shoe Mart” name in vain.

Through the years we have all associated the brand “Shoe Mart” or “SM” with professionalism and good business practice.

I personally have expressed my admiration of how the Sy family and the SM group conduct themselves to the point that I previously suggested that we ought to let the SM group build our international airports and facilities because they certainly know how to build things and operate them efficiently.

Unfortunately, size and success comes at a price.

It seems that certain individuals who have contacts or links with promoting events and thematic campaigns for the SM chain of malls, think that size and success is license to misrepresent the SM group and take advantage of “foreigners” or a four-year old.

Apparently some talent scouts associated with some advertising supplier for the Shoe Mart chain have been hiding behind the Mega Mall while stealing the faces of unsuspecting individuals.

In one case, a male foreigner was approached by some talent scouts and asked if he wanted to join in a “photo shoot” where they were searching for Shoe Mart’s Santa Claus. The foreigner thought nothing of it and went along with the invitation. He was told that if his face passed the screening, he would be advised. In the mean time he was paid a minimal fee for his time and participation in the photo shoot.

No calls came and so the foreigner thought nothing of it. One day he returned to “the scene of the crime” to go shopping. It was then he took notice of how his face or portions thereof were on certain Santa Claus promotional items displayed inside his favorite mall.

The guy was understandably upset at this attempt to “pirate” his physical trademark without so much as a “by your leave” or a plain and simple “thank you”. In his desperation, said foreigner “went to town” to bring this deceitful act to members of media.

When I saw the segment on Ben Tulfo’s “Bitag-Live” on UNTV, I simply shook my head in disbelief that some people can be so stupid in thinking that they could get away with the crime because their victim is a “foreigner” who won’t be staying long in the Philippines. I could only wish and pray that someone would bring the matter to Tessie Sy-Coson or one of the family members so that such abuse would be nipped at the bud.

Unfortunately, a few days later I learned about another case.

Unlike the “unwitting Santa Claus”, the next case was about a four-year old “tisoy” whose photo was to be used in a Toy Catalog ONLY. The mother as I understand it had explicitly stated that the material shot would be for the Catalog and not for TV ads or any other form of advertising.

Lo and behold, little four-year old’s face was soon on TV, the Toy catalog, and last we saw was on a huge billboard on the wall of Mega Mall. Of course the mother was upset with the betrayal of trust.
But what makes both instances sad and unfortunate is that both parties taken advantaged of, were people who patronize SM, who were willing to share their “character” with SM, and would have been proud to work with SM.
They were also people who could have used the extra income and the “break” that the SM image could have given them.

Instead they, along with SM were taken advantaged of by “talent scouts” who proved to be very talented at scalping helpless people as well as Shoe Mart. If by chance Ms. Tessie gets to read this “sumbong” may I also suggest that she develops a team who can reach out to people who encounter problems or difficulties with their various business units.

Sometimes, just being able to talk or tell someone who is willing to listen, already solves half of the problem. Reports have it that attempts at reaching out to the SM legal department is equivalent to talking to the façade of the Mega Mall. It does not talk back, it does not respond. And like some cheap cell phone, it cannot be reached!

If having “real people” in the front line is considered risky business, perhaps Ms. Tessie can put up a VERY PUBLICIZED Email address so people can send in their comments and suggestions which can then be reviewed by the Sy family and their managers. This way, columnists like me who don’t have Ms. Tessie’s number, would probably be writing about other things.

In the same breath, Ms. Tessie should also consider appointing independent “ambassadors” who can freely speak with the public, tenants, and suppliers who may have ideas, sentiments, and serious business concerns” connected with their chain of malls.

The fact of the matter is that the SM group has become the largest Kingdom among malls in the Philippines and just like the proverbial kingdoms, many feudal lords and war lords don’t always tell the royal court all the things that have been happening in their respective domains.

Perhaps it is also time to go back to the roots. To check who has been vigilant and who has been taking Shoe Mart’s name in vain, taking Shoe Mart’s cash in exchange for “pirated” material, and who among the Shoe Mart managers have been sleeping on the Job while “Santa” came to town!
 
My comment:  I have noticed that there is some slack myself, email and phone numbers are not easy to find for the malls on the web, and who the tenants are as well.  Each mall should have their own webpage with clear indication who to contact with suggestions and complaints as the organization grows so big.  SM supermarket has a central email address which I have found to work well.  I have not found it as easy to contact SM malls and SM Department stores and they should have easy contacts listed on the web as well.  And all the stores in their malls should have the same information and contact details. 
 

SM pours P180M in Pinoy Center


Thursday, 10 December 2009 Business Mirror THE SM group will spend P180 million in building 36 lounge facilities to attract overseas Filipino workers (OFWs) and their families to SM Supermalls.
 
In an interview with reporters, Hans Sy, president of SM Prime Holdings Inc., said these facilities, which are called Global Pinoy Centers, are intended to meet the needs of returning OFWs and their dependents when they go shopping. According to Sy, each center will cost P5 million.

Sy also said providing OFWs and their families with more comfortable facilities is SM’s way of  recognizing their contribution to SM’s growth through their continued patronage.

“Whenever I have trips abroad, I was always being asked by foreign investors what drives SM’s growth and I told them it’s because of the remittances of our overseas-based workers,” said Sy during an interview at the sidelines of the opening of the Global Pinoy Center at the SM Mall of Asia.

Take mobile e-commerce seriously

From the Cebu Sunstar:  The growth of peer-to-peer or person-to-person trading sites like Sulit.com.ph, AyosDito.ph, 88db.com.ph, OLX.com.ph, Multiply.com, eBay.ph, among others, has allowed Filipinos from all the country to trade with each other. As you can scan through the various payment options, Globe GCash and Smart Money are in majority of these seller pages.

Anyone who has not looked into these two payment platforms in the past should think again. With mobile broadband becoming affordable and a growing number of Pinoys surfing through the mobile phone, there is a new opportunity to market and position the selling of product or service focusing on this growing user segment.

Globe GCash Glick (https:/ gcashclick.delbrosonline.net/), in partnership with courier company Delbros, now allows online sellers and buyers to trade with each other with ease. The system ensures buyers and sellers that a product ordered is received in good condition and in accordance with what was indicated online. In addition, payment is already secured prior to shipment, allowing proper transfer of funds after the delivery process.  Continue reading here http://www.sunstar.com.ph/cebu/toral-take-mobile-e-commerce-seriously

Also read my blog on sending money  http://mysendmoney.blogspot.com/
And my blog on Business Ideas http://philippinebusinessideas.blogspot.com/

Business trend slowly shifts to online selling

My comment:  But major players like SM, Ayala, Metro, Robinsons, Island Souvenirs, CDR King and many others haven't seen the light yet in my opinion and missing a major business low cost opportunity 

China's online sales soar in Jan-Sept: govt (wonder why no news like this in Philippines?)

Philippine Star CEBU, Philippines - Despite lots of business spaces now made available around the city, the advent of the internet has made online selling now the fast growing trend in the business community.


This is due to the free advertising and no need to pay for space rentals said Tina Tan, an online business seller who sells ready-to-wear clothes and accessories through the web.


Tan said that doing business online has become very popular and since the budding of social networking sites, it makes their jobs easier and gives them a chance to have a wider market.
According to Tan, business through online is very easy especially for those that have other things to do like students like her.


She said that all they have to do is add as many contacts as they can, preferably people they know so that they would not be scammed, and immediately they have instant customers.


Val Carla Vergara, a new online business player, said that she shifted to online selling because it is a new strategy for small business players like her who wants extra income but does not need to invest on a huge capital.


Vergara said that there are so many small business players that are using the net right now for their businesses but the competition does not worry her despite having the same kinds of products like RTW’s, accessories, and toys.


She said that just like any other kind of business, it depends on the marketing strategy of the online shop owner.


Vergara explained that she sells her products cheaper than those sold in malls and she puts the difference of the prices in her site so that the customers would be able to see how much money they will be saving if they buy it from her.


She said that unlike stores in malls and also from other online entrepreneurs who has fixed prices, she lowers her prices if the customers ask for a discount and she also does this if her clients buy three or more products.

But according to some like Armida Aguilar, a college student, the pictures are not enough for her to buy a product online. Aguilar said that despite online selling becoming a fad today and saves the shoppers time from going around places looking for clothes, she still chooses to go the conventional way pf shopping because she wants to make sure that she the quality is worth the money she is paying.  Continue reading here http://www.philstar.com/Article.aspx?articleId=530097&publicationSubCategoryId=108