The Araneta Shopping Complex and Ayala's Glorietta and Gokongwei's Robinson's took the step ahead of SM Shoemart in real estate development.
Today, the Ayala, Gokongwei and the Sy families -- all dynamic mall owner-developers -- are racing towards who will build the most number of subdivisions, high and medium rise condominiums in the country.
The Sy family has diversified into shipping -- something that the Gokongwei clan and the Ayalas may have already ventured into long ago. It has also purchased a major stake in entertainment - building of a casino complex at Manila Bay. At the heart of these stupendous expansion of the retail giants is their banking activity.
Mall income turnover and operations are fast paced and the revenues are staggering. For which reason their banks take the brunt of imagining schemes to multiply the deposited monies oozing out of their mall operations. The best and least risky investment area is real estate, thus the sprouting of so many malls one after another.
Tuesday, November 27, 2012
Monday, November 26, 2012
Retail perspectives
One of the fastest earning industries in the Philippines today is retail-wholesale marketing. There is a possibility that the country is about to experience what Thailand, at one point in time, experienced: shopping mall and condominium glut.
The group of companies of Henry Sy of SM Shoemart (to include the Save More and SM Hypermarket chains), the owners of Puregold, Walter Mart, Robinsons, Landmark, Glorietta, etc. are putting up one mall after another all over the country. Aside from these mall trademarks, there are other big store chains sprouting up. The old concept of mom and pop store is gone.
On the other hand, this retail concept may still have its utility and may be revived following a new paradigm. This will be the offering of My Father's Place shopping center. The concept will be a balance between the emerging new logistics concept of supermalls and the traditional mom and pop stores.
The group of companies of Henry Sy of SM Shoemart (to include the Save More and SM Hypermarket chains), the owners of Puregold, Walter Mart, Robinsons, Landmark, Glorietta, etc. are putting up one mall after another all over the country. Aside from these mall trademarks, there are other big store chains sprouting up. The old concept of mom and pop store is gone.
On the other hand, this retail concept may still have its utility and may be revived following a new paradigm. This will be the offering of My Father's Place shopping center. The concept will be a balance between the emerging new logistics concept of supermalls and the traditional mom and pop stores.
Thursday, October 11, 2012
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