 | |
| Company type | Subsidiary |
|---|---|
| Industry | Retail |
| Founded | 1990 |
| Founder | Wilson Lim[1] |
| Headquarters | , |
Area served | Central Luzon, Calabarzon, Metro Manila |
Key people | Wilson Lim Jr., Managing Director |
Number of employees | 3,000 |
| Website | waltermart.com.ph |
Walter Mart (stylized as WalterMart) is a Filipino chain of community shopping malls located in Metro Manila, Central, and South Luzon.[3] The chain operates its anchor stores that include Walter Mart Supermarket, Walter Mart Cinemas, Abenson Appliances and Abenson Home Furniture. Filipino retail stores such as Watsons, Ace Hardware, and W Department Store are also occupying most of Walter Mart's branches.
Walter Mart's corporate headquarters are located in North EDSA, Quezon City.[3][4]
History
Walter Mart was founded in the 1990s by Wilson Lim, at the time of the economic crisis when the major players were not expanding aggressively. The company saw that there was an opportunity to expand in developing communities and uplift their standards of living by providing gainful employment to the locals and improving their shopping experience.[5]
In January 2013, SM Retail and SM Prime Holdings, Inc. entered into a joint venture agreement with Walter Mart to co-manage the operations of WM-branded community-based malls located in the provinces of Central Luzon, Southern Tagalog and cities in Metro Manila.[6][7]
In February 2016, the SM-Waltermart group rescinded an earlier deal to jointly develop shopping malls with 8990 Holdings as these may take business away from SM's shopping centers.[8]
WalterMart Supermarket
WalterMart Supermarket is located within most WalterMart malls. The first supermarket started in E. Rodriguez, Quezon City. In 1995, the owners entered into a partnership with International Grocers Alliance (IGA), making it the only supermarket chain in the Philippines to become a member of the organization. Currently, it is now one of the youngest and fastest-growing supermarket chains in the Philippines with 28 more locations in Metro Manila, Central, and South Luzon.[9][10]
References
- ^ Go, Josiah (May 9, 2014). "Q&A with Wilson Lim, Founder of Abenson Group of Companies on Starting Up New Ventures". Josiah Go: The Marketing Mentor. Retrieved June 9, 2017.
- ^ "Q Company Overview of Waltermart Group". Josiah Go: The Marketing Mentor. Retrieved June 9, 2017.
- ^ a b "Waltermart Supermarket, Inc.: Private Company Information - Bloomberg". www.bloomberg.com. Retrieved May 27, 2018.
- ^ Mart, Walter. "Walter Mart - Contact Us". www.waltermart.com.ph. Retrieved May 27, 2018.
- ^ "Q&A with Wilson Lim, Founder of Abenson Group of Companies on Starting Up New Ventures". The Marketing Mentor. May 9, 2014. Retrieved July 3, 2017.
- ^ Dumlao, Doris C. "SM, Waltermart join forces". Philippine Daily Inquirer. Retrieved July 4, 2017.
- ^ "Sy group won't control SM-Waltermart venture". Rappler. Retrieved July 4, 2017.
- ^ Dumlao-Abadilla, Doris. "8990-Waltermart retail venture deal scrapped". Philippine Daily Inquirer.
- ^ Mart, Walter. "Walter Mart - Supermarkets". www.waltermart.com.ph. Retrieved July 3, 2017.
- ^ "WALTERMART SUPERMARKET, INC. Supplier Profile". service.ariba.com. Retrieved July 3, 2017.
External links
- Official website
Media related to Walter Mart at Wikimedia Commons
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| Defunct |
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This page was last edited on 23 May 2024, at 12:35