Philippines retail sector remains robust – SM

November 22, 2019

MANILA, Philippines — The country’s retail industry remains vigorous and upbeat despite the growth of online shopping, the SM Group said.

At the recent Nikkei Business Philippines-Japan Investment Forum in Tokyo, Japan, SM Supermalls chief operating officer Steven Tan said robust overseas Filipino workers’ remittances and sustained activity in the business process outsourcing industry are fuelling consistent growth in the Philippine economy and driving consumer purchasing power.

These factors make retail still vibrant in the country unlike in other markets, Tan said.