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.
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