How SM Retail has reacted to COVID-19

Date : 07 August 2020

Nick Miles

Head of Insight (Global)

SM Retail in the Philippines has reported retail revenues for H1 down 18% to PHP139.2bn (US$2.84bn), with strong performance in food, offset by heavily impacted non-food revenues due to COVID-19. Food retail revenue up 15% to PHP100.1bn (US$2.04bn) Strong revenue growth in food was offset by…
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