WalterMart
shopping mall chain in the Philippines
WalterMart is a Filipino chain of community shopping malls owned by Abenson Ventures, Inc. and are located in Metro Manila, Central Luzon, and Calabarzon. The chain operates its anchor stores that include WalterMart Supermarket, W Department Store, Abenson Appliances and Abenson Home Furniture. Filipino retail stores, such as Watsons, and Ace Hardware, also occupy most of WalterMart's branches.
WalterMart's corporate headquarters are located in North EDSA, Quezon City.
History
WalterMart 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.
In January 2013, SM Retail and SM Prime entered into a joint venture agreement with WalterMart 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.
In February 2016, the SM–Waltermart group rescinded an earlier deal to jointly develop shopping malls with 8990 Holdings as these may take business away from SM's shopping centers.
On April 26, 2018, WalterMart opened the first branch of W Mall on Macapagal Boulevard in Pasay.
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This entry incorporates text from “WalterMart” on English Wikipedia. Contributors are listed in the page history. Text is available under the Creative Commons Attribution-ShareAlike 4.0 License. Selected authority identifiers and statements are retrieved from Wikidata under CC0; their references and qualifiers remain part of the verification path.