Professional Documents
Culture Documents
Introduction
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.
In January 2013, SM Retails and SM Prime Holdings 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.
In February 2016, the SM-Waltermart group rescinded an earlier deal to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 own shopping centers.
Discussion
Walter Mart Malls, then called Shopping Centers, is the first community
shopping center format in the southern Luzon. Our main customer
proposition is "convenience". Convenience is a broad but powerful
proposition. It does not only talk about distance but in bigger sense, it talks
about comfort, completeness of offerings and reliability. In terms of customer
habit, Walter Mart has become the "third place", wherein, in the daily grind of
a customer's life, Walter Mart has essentially become the "reliable link"
between their home and their place of work. It is a place they are most likely
to visit before they proceed to work, or after, just before they go home. Thus,
to put it in exact words, we are the "everyday mall" and this is where our
main differentiation lies: our customers come to us, as a community mall, on
an almost daily basis while perhaps they go to a regional mall on a maximum
of 2 times a month. As their daily mall, we make sure that we know their
habits, preferences and choices and we answer all these in terms of our
merchant mix, tenant offerings and mall promotions. On top of that, we also
anticipate their ever changing lifestyle and its continuing sophistication by
constantly improving and upgrading our facilities, service levels and mall
atmospherics.
"It is our utmost desire to provide the modern Filipino Family a venue
where they can shop, dine and entertain themselves, all in a single
environment, most-suited for their everyday lifestyle
A place run by dedicated people filled with pride, passion and energy
to serve others.
Anchors - Our main anchors are our business units: Walter Mart
Supermarket, Abenson Appliances, Homeplus Furniture, Electroworld and SB
Furnitures. Aside from these, we are also ably aided by our partners such as
Watson, Ace Hardware, Handy Man, Robinson’s Department Mi Department
Store, UNO Factory Outlet and Japan Homes. Of course, not forget are our
cinemas under WalterMart Cinema.
Reference
https://waltermart.com.ph/about_us
https://en.wikipedia.org/wiki/Walter_Mart