MANILA, Philippines — Tycoon Edgar “Injap” Sia II’s MerryMart and property giant Ayala Land Inc. have signed a 15-year contract that would expand MerryMart’s supermarket footprint in ALI’s developments in Laguna and Tarlac.
In a disclosure yesterday, MerryMart said it has signed a 15-year lease contract with ALI to build stand-alone full-sized eco-friendly supermarkets in Nuvali Laguna and Cresendo Tarlac, two sprawling developments of ALI.
MerryMart Grocery-Nuvali will have about 2,261 square meters while MerryMart Grocery-Cresendo will have about 2,076 sqm of retail space and will be surrounded by ample parking areas.
The new stand-alone full-sized supermarket design of MerryMart Grocery will be the format intended for locations in horizontal communities, said MerryMart chairman Edgar Injap Sia II.
“The MerryMart Group is glad to have the opportunity to soon serve and delight consumers around the vast community developments of Ayala Land in Nuvali in Sta. Rosa, Laguna and Cresendo in Tarlac,” he said.
The supermarkets will have roof solar panels, LED lighting fixtures, and will use power efficient equipment. There will also be bicycle slots and electric car charging provisions.
The full-sized supermarket format will carry MerryMart’s full line of grocery, pharmacy, personal care and other basic essential products.
MerryMart Group’s various formats are MerryMart Store, MerryMart Market, MerryMart Grocery, MerryMart Delivery and MerryMart Wholesale.
MerryMart has recently formed a new subsidiary MM Consumer Technologies Corp with MBOX Smart Lockers as the first in its consumer technology portfolio.
MM Consumer Technologies portfolio is expected to complement the consumer centric ecosystem of the MerryMart Group.
The MerryMart Group has set its Vision 2030 with the goal of having a total of 1,200 branches nationwide. It aims to generate P120 billion in systemwide recurring consumer sales revenue.
At present, MerryMart, through its portfolio of organic stores and recent acquisitions, now has 105 branches nationwide.
In the first quarter, MerryMart posted a net income of P12.33 million, up 29.3 percent versus the same period last year.
It raked in P1.2 billion in revenues for the quarter, up 30.8 percent.
The company has been expanding its product offerings, improving supply chain efficiency and adding more house brand products into its mix.
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The article was originally published in PhilStar Global and written by Iris Gonzales.