SM Markets’ Savemore introduces new store format
What: Savemore launches a new retail format, Savemore Express, with a smaller surface than regular stores.
Why it is important: During lockdowns, neighbourhood food stores have served as the essential destination for people, especially with home cooking as the only option. The new Savemore Express addresses this shift by providing the weekly grocery needs and offering an expanded line of fresh merchandise, essential food, personal care, and household products.
With a regular Savemore store typically covering 1,500 to 2,500 sqm. in floor area, the new format’s smaller size makes it more versatile in delivering basic essentials to customers.
SM Markets (umbrella brand for SM Supermarket, SM Hypermarket, and Savemore) and its sister company, Alfamart, has over 1,500 stores; 206 Savemore stores, 9 Savemore Express stores, 60 SM Supermarket stores, 53 SM Hypermarket stores, and 1,201 Alfamarts.