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Home Investing News

SM’s strong retail growth boosts consumer outlook

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August 10, 2022
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SM’s strong retail growth boosts consumer outlook
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Bringing back the fun in dining while safe distancing, SM Supermalls transformed its event centers, atriums, and open-air parks into designated dining spaces where customers can order from their favorite restaurants and dine in cathedral-height spaces, decorated in fun themes that are unique per mall.

“We have observed strong recovery in mall traffic driven by increased vaccination levels and relaxed mobility restrictions. There is so much pent- up demand and revenge shopping. To support this, we at SM Supermalls make sure we practice safe malling and constantly innovate on tenancy mix and mall features to provide our customers with a new, exciting and excellent shopping experience,” said Steven T. Tan, SM Supermalls President.

As families return to SM malls with the lifting of quarantine restrictions, there is an array of new and familiar experiences, ushering another evolution of the iconic community centers.

SM Supermalls’ transformation has incorporated the lessons of the global health crisis to feature open spaces and a welcoming atmosphere with an emphasis on health, wellness, and sustainable offerings.

A weekend visit to an SM mall at present includes al fresco dining spots for families and your barkada, pet parks, bicycle facilities and walk- ways, plant hubs for eco-enthusiasts, co-working spaces, experiential retail, and blockbuster and larger-than-life cinema escapades. These promote a healthier approach to alternative activities spent in malls.

Just recently, SM City North EDSA opened the very first all-electric indoor go cart racing experience in the country. The Ekart Raceway’s over 300-meter track is one of the many unique attractions of SM Supermalls promising a safe and serious fun for the whole family and gearheads alike.

All these will further give Filipinos a safe community space for shopping, meeting, getting basic services and enjoying wide spaces for every member of their family.

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