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SM to open 20 Philippine stores this year mostly SaveMore

ABS-CBN News 01/22/2010 MANILA, Philippines - The retail unit of Sy-led SM Group is planning to spend up to P2 billion this year to put up 20 new stores.

Robert Kwee, executive vice president of SM Hypermarket, said bulk of the new stores would be SaveMore outlets, and will be located in different parts of the country.

SaveMore is a stand-alone supermarket, which usually caters to the lower-end segment of the market.  Continue reading here http://www.abs-cbnnews.com/business/01/22/10/sm-retail-unit-open-20-stores-year

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