SM Prime sticks to large mall tack My question is why?

 30 November 2009 18:47 Business Mirror MALL operator SM Prime Holdings Inc. is not interested in venturing into smaller community-type retail centers, preferring to stick to its tried and tested strategy of building one-stop shopping destinations.

This, despite plans bared by rivals to go into community shopping centers. Two weeks ago, Ayala Land Inc., which is behind the Glorietta and Greenbelt malls in Makati and TriNoma in Quezon City, said it is setting up a new subsidiary to develop small-format “neighborhood centers” with a maximum leasable area of 10,000 square meters (sq.m.).   Continue reading here http://businessmirror.com.ph/home/companies/19117-sm-prime-sticks-to-large-mall-tack.html

My comment:  I hope that SM Supermarkets and convenience stores continue to expand as an example in metro Manila at the corner of Vita Cruz and Taft there are now about 5 universities and 10 or more high rise condos up to 42 floors and supermarket in sight except at less than appealing Harrison Plaza a 15 minute walk away.  With prime real estate available to SM Hypermarts, Robinsons supermarkets, Metro supermarkets, South Supermarkets, Rustans Supermarkets, I think that its a opportunity waiting