SM Supermalls Competitors

Megaworld Corporation is one of the leading real estate developers in the Philippines today with various trailblazing real estate development projects strategically located in burgeoning commercial and industrial nodes within Metro Manila, in the Calabarzon corridor and in strategic cities in the Visayas. Its projects include, among others, Eastwood City CyberPark located along C-5 Road in Quezon City; Newport City just across the NAIA Terminal 3 in Pasay City; the high-end Corinthian Hill Village & town center located along Temple Drive in Libis, Quezon City; the upscale McKinley Hill Village & town center situated between Lawton Avenue and C-5 Road; the CityPlace multi-tower mixed use commercial/residential condominium project located along Jose Abad Santos Street in Binondo, Manila; and, Forbeswood Heights condominium & town center, located along Rizal Drive in Bonifacio Global City; and, the Iloilo Central Business Park located at the old Iloilo airport in Mandurriao, Iloilo..

Puregold Price Club, Inc. (“Puregold” or “the Company”) was incorporated on September 8, 1998 and opened its first Puregold hypermarket store in Mandaluyong City in December of the same year. In 2001, it began its expansion by building 2 additional hypermarket stores in Manila and Paranaque. It also launched its loyalty program, which was eventually renamed as “Tindahan ni Aling Puring” in 2004. Between 2002 to 2006, Puregold continued its expansion at an average of 3 new stores every year and established operations in North and South Luzon. In 2008, Puregold was recognized by Reader’s Digest Asia’s as the Most Trusted Brand in supermarket category. To expedite market coverage, a new format called “Puregold Jr. Supermarket” was introduced in the 4th quarter of 2008. By mid-2009, the Company gained market leadership being the second largest hypermarket and supermarket retailer in the Philippines in terms of net sales. By 2010, it was already operating 62 stores, and launched another format called, “Puregold Extra”. In the same year and henceforth, Puregold was recognized by Retail Asia Pacific as one of the top 500 retailers among the 14 economies of the region. 2011 saw the highest number of store openings in Puregold history with the launch of 38 new stores making its number of stores to a total of 100. In the succeeding year, Puregold acquired a related retail company, Kareila Management Corporation, with 6 S&R Membership Shopping Warehouses (patterned after the Costco and Sam’s Club in the USA), opened 31 new Puregold organic stores and acquired Gant Group of Companies known as “Parco supermarkets” with 19 stores. In 2013, Puregold acquired another supermarket chain, Company E Corporation, with 15 stores and opened 40 new stores. S&R opened 2 warehouses located in Davao Province and Mandaluyong City. Company E and Gant Group of Companies later merged with Puregold. In 2014, Puregold opened 28 stores, 1 S&R store and 4 S&R New York Style Pizza/quick service restaurants (QSR). It also partnered with Lawson, Inc. and Lawson Asia Pacific Pte Ltd. under a joint venture company called PG Lawson, Inc. PG Lawson plans to build and operate a chain of Lawson convenient stores all over the Philippines targetting a total of 500 stores by 2020. The parties’ investment share is 70% Puregold and 30% Lawson. In 2015, Puregold opened 15 hypermarkets, 11 supermarkets, 1 S&R Warehouse and 10 QSRs. In 2016, Puregold opened another 15 hypermarkets, 8 supermarkets, 2 extras, 1 minimart, 2 S&R Warehouse and 7 QSRs. By the end of 2016, Puregold was operating a total of 147 hypermarkets, 100 supermarkets, 29 extra, 1 minimart, 12 S&R warehouse clubs, 23 S&R-QSRs, 9 stores under NE Bodega and 8 Budgetlane stores, for a total of 329 stores across the country.

SM Prime Holdings, Inc. (SMPH) is one of the largest integrated property developers in Southeast Asia that offers innovative and sustainable lifestyle cities with the development of malls, residences, offices, hotels and convention centers. It is also the largest, in terms of asset, in the Philippines. SM Prime Holdings, Inc. was incorporated in the Philippines in 1994. They started as a mall developer and operator and grew to be the biggest retail shopping center developer and operator in the Philippines. Currently, it has 72 malls in and outside Metro Manila and 7 shopping malls in China, totaling 9.5 million square meters of Gross Floor Area (GFA). In the Philippines, they have a total of 18,153 tenants and 1,940 tenants in China. SM Prime goes beyond mall development and management through its units and subsidiaries. SM Development Corporation (SMDC) is the residential business component that sells affordable condominium units. SM Prime’s commercial business units, the Commercial Property Group (CPG) is engaged in the development and leasing of office buildings in Metro Manila, as well as the operations and management of buildings and other land holdings such as Mall of Asia Arena (MOA Arena). Its Hotels and Convention Centers business unit develops and manages various hotel and convention centers across the country.