Walter Mart Explained

Walter Mart
Type:Subsidiary
Industry:Retail
Founder:Wilson Lim[1]
Hq Location City:7th floor Walter Mart
Building 8001 A North EDSA Veterans Village, Quezon City[2]
Hq Location Country:Philippines
Area Served:Central Luzon, Calabarzon, Metro Manila
Key People:Wilson Lim Jr., Managing Director
Num Employees:3,000

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, also occupy most of Walter Mart's branches.

Walter Mart's corporate headquarters are located in North EDSA, Quezon City.[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In February 2016, the SM-Waltermart group rescinded an earlier deal to jointly develop shopping malls with 8990 Holdings as these may take business away from SM's shopping centers.[8]

On April 26, 2018, WalterMart opened the first branch of W Mall along Macapagal Boulevard in Pasay.[9] [10]

WalterMart Supermarket

WalterMart Supermarket is located within most WalterMart malls, as well as Ayala Malls Serin in Tagaytay.[11] The first supermarket started along E. Rodriguez Avenue in 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 47 more locations in Metro Manila, Central, and South Luzon.[12] [13]

Notes and References

  1. Web site: Q&A with Wilson Lim, Founder of Abenson Group of Companies on Starting Up New Ventures . Go . Josiah . May 9, 2014 . Josiah Go: The Marketing Mentor. June 9, 2017.
  2. Web site: Q Company Overview of Waltermart Group . Josiah Go: The Marketing Mentor. June 9, 2017.
  3. Web site: Waltermart Supermarket, Inc.: Private Company Information - Bloomberg. www.bloomberg.com. May 27, 2018.
  4. Web site: Walter Mart - Contact Us. Mart. Walter. www.waltermart.com.ph. May 27, 2018.
  5. News: Q&A with Wilson Lim, Founder of Abenson Group of Companies on Starting Up New Ventures. May 9, 2014. The Marketing Mentor. July 3, 2017. en-US.
  6. News: SM, Waltermart join forces. Dumlao. Doris C.. Philippine Daily Inquirer. en. July 4, 2017.
  7. News: Sy group won't control SM-Waltermart venture. Rappler. July 4, 2017. en.
  8. News: 8990-Waltermart retail venture deal scrapped. Dumlao-Abadilla. Doris. Philippine Daily Inquirer.
  9. News: Community mall opens in Pasay. Manila Standard. May 27, 2018. en.
  10. News: IN PHOTOS: W Mall opens in Pasay. Rappler. May 27, 2018. en. April 27, 2018.
  11. Web site: Store Locator. WalterMart.com. July 6, 2024.
  12. Web site: Walter Mart - Supermarkets. Mart. Walter. www.waltermart.com.ph. July 3, 2017.
  13. Web site: WALTERMART SUPERMARKET, INC. Supplier Profile. service.ariba.com. July 3, 2017.