• About Us
  • Advertise
  • Archives
  • Contact Us
  • Internet Speed Test
  • Smartphone Prices
Wednesday, January 27, 2021
Tech Pilipinas
  • Home
  • Gadgets
  • Mobile
  • E-commerce
  • Social Media
  • Internet
  • Telecoms
  • Business
  • Government
  • Tutorials
  • Deals
  • More
    • Apps
    • Blogging
    • Emerging Tech
    • Fintech
    • Giveaways
    • News
    • Security
    • WordPress
No Result
View All Result
  • Home
  • Gadgets
  • Mobile
  • E-commerce
  • Social Media
  • Internet
  • Telecoms
  • Business
  • Government
  • Tutorials
  • Deals
  • More
    • Apps
    • Blogging
    • Emerging Tech
    • Fintech
    • Giveaways
    • News
    • Security
    • WordPress
No Result
View All Result
Tech Pilipinas
No Result
View All Result

SM to Launch Its Own Online Store This Year

The Philippines' largest mall chain wants to compete with the likes of Lazada and Shopee

Luis Reginaldo Medilo by Luis Reginaldo Medilo
May 3, 2018
in E-commerce
0
SM
9
SHARES
1.9k
VIEWS
Share on FacebookShare on Twitter

SM Prime Holdings, Inc. plans to launch its own online shopping platform within this year to take advantage of the burgeoning e-commerce space in the country, and also to address a potential threat to its business.

The planned online shopping website will use a “click and collect” model, wherein customers choose what items they want to buy from one of SM’s numerous tenants, and then collect the items from the nearest SM mall. The strategy is somewhat similar to Best Buy’s in-store pickup service in the United States.

“We’re gonna formalize the setup of the platform within the year. We will come up with a legal entity for that,” SM Prime Chief Finance Officer John Nai Peng C. Ong told shareholders last week.

Ong said that door-to-door delivery is not yet in their immediate plans, but that they’re working on it.

“We have yet to work toward delivery. Potential din yun because we have affiliate companies that can deliver. But our work is toward click mo and collect sa malls. So we’re trying to set up specific areas in the malls,” Ong added.

SM Prime Holdings, Inc. is the largest shopping mall and retail operator in the Philippines, with 63 malls (as of this writing) and over 2,000 retail stores all over the country. SM’s “click and collect” strategy aims to leverage the chain’s nationwide reach to make shopping more convenient for Filipinos. Shoppers can choose their items in the comfort of their homes and then pick them up the very same day.

If SM’s online store can offer door-to-door delivery, it could be a serious competitor to Lazada and Shopee. The company has stores and warehouses all over the country, so it can deliver goods faster than other e-commerce platforms.

Then again, there’s no guarantee that SM will succeed in the e-commerce space. Let’s look at the U.S. retail industry, for example. Walmart is the largest shopping mall operator in the U.S. but has failed to make a dent on Amazon’s business. In fact, Amazon’s market capitalization reached $740 billion, more than double Walmart’s market cap of $280 billion. Amazon’s market cap could exceed $1 trillion before the end of the year, while Walmart shares plunged.

With Lazada firmly entrenched and the household name in online shopping in the country, SM has its work cut out for them. Brick-and-mortar stores entering the e-commerce space generally have a hard time competing with established e-commerce players. Only time will tell if this venture by SM will succeed.

Source: Business World

Tags: Lazadaonline shoppingShopeeSM
Don't Miss An Article!
Sign up for our free newsletter and get updated every time we publish a new article. We work very hard to bring you the latest in the Philippine and global tech scene.
We will not share your email address. We really hate spam!
Previous Post

How to Get a TIN Number Online Using the BIR eReg Website

Next Post

NBI Clearance Online Application and Registration Step-by-Step Process

Luis Reginaldo Medilo

Luis Reginaldo Medilo

Luis is the founder and editor of Tech Pilipinas. He is passionate about technology and how it can change the world for the better.

Related Articles

E-commerce

How to Use GCredit to Pay in Shopee

January 26, 2021
E-commerce

J&T Express Shipping Rates in the Philippines

November 23, 2020
E-commerce

How to Earn Free Shopee Coins by Paying Your Bills Online

November 13, 2020
E-commerce

How to Top Up ShopeePay Using GCash

November 11, 2020

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

  • Trending
  • Comments
  • Latest

NBI Clearance Online Application and Registration Step-by-Step Process

February 23, 2020
mobile number prefixes

The Complete List of Mobile Number Prefixes in the Philippines 2021

January 24, 2021
how to get a TIN number

How to Get a TIN Number Online Using the BIR eReg Website

July 20, 2019
Palawan Express rate

Palawan Express Rate Table for 2021

January 24, 2021
enye

How to Type the Enye Letter (ñ) on Your Computer or Laptop

April 17, 2020

How to Transfer Money Online from BDO to BPI and Other Local Banks

88
how to get a TIN number

How to Get a TIN Number Online Using the BIR eReg Website

58

How to Setup and Configure the Xiaomi Mi WiFi Repeater

29

Globe at Home Prepaid WiFi Review and Setup Guide

22

How to Enroll in Landbank iAccess (LBPiAccess) Online Banking

20

Smart Unli Call to All Networks: List of Promos

January 26, 2021

How to Use GCredit to Pay in Shopee

January 26, 2021

How to Type the Degree Symbol (°) on Your Computer or Smartphone

January 24, 2021

GCredit Guide: How to Use GCredit to Shop and Pay Your Bills

January 26, 2021

Complete List of Smart Unli Call and Text Promos (Smart UCT Promos)

January 22, 2021

Recommended

Complete List of Smart Unli Call and Text Promos (Smart UCT Promos)

January 22, 2021
Globe MyBusiness Academy

Globe myBusiness Academy Launches Online Platform for Entrepreneurs

May 19, 2018

Huawei Nova 3i, Y9 2019 and Mate 20 Pro Are Now More Affordable

March 6, 2019

Shopee Offers University Scholarship Grants to Sellers

July 24, 2019

How to Open a COL Financial Online Stock Trading Account

March 16, 2020

Latest Smartphones

  • Vivo V20 SE Vivo V20 SE ₱15,999.00 ₱13,999.00
  • Vivo V20 Vivo V20 ₱19,999.00
  • Realme 7i Realme 7i ₱9,990.00
  • Samsung Galaxy M51 Samsung Galaxy M51 ₱19,990.00
  • Xiaomi Mi 10T Pro 5G Xiaomi Mi 10T Pro 5G ₱24,990.00
  • Xiaomi Mi 10T 5G Xiaomi Mi 10T 5G ₱19,990.00
Facebook Twitter Instagram Youtube Pinterest RSS

About Us

Tech Pilipinas is the Philippines’ digital lifestyle blog that focuses on the latest news and updates from the world of technology, computers, electronic gadgets, startups, mobile apps, social media, and many more.

For any inquiries or business proposals, e-mail us: [email protected].

Get it on Google Play

Browse by Category

  • Apps
  • Blogging
  • Business
  • Computers
  • Deals
  • E-commerce
  • Emerging Tech
  • Entertainment
  • Events
  • Fintech
  • Gadgets
  • Gaming
  • Giveaways
  • Government
  • Internet
  • Interviews
  • Mobile
  • News
  • Reviews
  • Security
  • Social Media
  • Software
  • Startups
  • Telecoms
  • Tutorials
  • WordPress

Popular Tags

Android Facebook GCash Globe Google Huawei Lazada mobile wallet online banking online payments online shopping PayMaya PLDT Samsung Shopee Smart smartphone SSS WiFi Xiaomi

Copyright © 2017-2021 Tech Pilipinas. All Rights Reserved. Disclosure Policy | Disclaimer | Privacy Policy

  • Home
  • Categories
    • Apps
    • Blogging
    • Business
    • Computers
    • Deals
    • E-commerce
    • Emerging Tech
    • Gadgets
    • Gaming
    • Giveaways
    • Government
    • Internet
    • Interviews
    • News
    • Reviews
    • Security
    • Social Media
    • Software
    • Startups
    • Telecoms
    • Tutorials
    • WordPress
  • About Us
  • Archives
  • Advertise
  • Contact Us
  • Internet Speed Test
  • Smartphone Prices