Walter Mart

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Walter Mart
Company type Subsidiary
Industry Retail
Founded1990;34 years ago (1990)
FounderWilson Lim [1]
Headquarters
7th floor Walter Mart
Building 8001 A North EDSA Veterans Village, Quezon City [2]
,
Philippines
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, Abenson Home Furniture, Electroworld, and SB Furnitures. Filipino retail stores such as Watsons, Ace Hardware, and W Department Store are also occupying most of Walter Mart's branches.

Contents

Walter Mart's corporate headquarters are located in North EDSA, Quezon City. [3] [4]

History

Walter Mart's logo from 1990 to 2017. However, this was used as a secondary logo, and it is still seen on the facade until 2023. Walter Mart Logo.svg
Walter Mart's logo from 1990 to 2017. However, this was used as a secondary logo, and it is still seen on the facade until 2023.

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In February 2016, the SM-Waltermart group rescinded an earlier deal to jointly develop shopping malls with 8990 Holdings as these may take business away from SM's shopping centers.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]

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References

  1. ↑ 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.
  2. ↑ "Q Company Overview of Waltermart Group". Josiah Go: The Marketing Mentor. Retrieved June 9, 2017.
  3. 1 2 "Waltermart Supermarket, Inc.: Private Company Information - Bloomberg". www.bloomberg.com. Retrieved May 27, 2018.
  4. ↑ Mart, Walter. "Walter Mart - Contact Us". www.waltermart.com.ph. Retrieved May 27, 2018.
  5. ↑ "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.
  6. ↑ Dumlao, Doris C. "SM, Waltermart join forces". Philippine Daily Inquirer. Retrieved July 4, 2017.
  7. ↑ "Sy group won't control SM-Waltermart venture". Rappler. Retrieved July 4, 2017.
  8. ↑ Dumlao-Abadilla, Doris. "8990-Waltermart retail venture deal scrapped". Philippine Daily Inquirer.
  9. ↑ Mart, Walter. "Walter Mart - Supermarkets". www.waltermart.com.ph. Retrieved July 3, 2017.
  10. ↑ "WALTERMART SUPERMARKET, INC. Supplier Profile". service.ariba.com. Retrieved July 3, 2017.
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