Pink is the new black. Women’s hemlines rise and fall faster than stock prices, jeans yo-yo between flared and skinny, and black becomes the “new black” before another color takes its place again. Frivolous as it seems, shopping is about power, and no one is better qualified to talk about its how’s and why’s than SM, Inc. President Teresita Sy-Coson, whose success hinges on knowing the consumer psyche.

Retail giant SM Malls is planning to build one or two more shopping malls in Cebu with an investment of at least P1 billion (US.5 million) for just one mall, an official said.

Cebu could look forward to more investments in its retail sector as SM Prime Holdings disclosed plans to build another shopping center here.

Malls and retailers are considering a moratorium in building malls in the metropolis, claiming a ‘glut’ in mall spaces. The ‘over-supply’ in retail spaces has been driving prices of mall spaces down, putting pressure on expansion plans and bottom lines.

Just you thought you had the mushrooming SM Department stores all accounted for (total of 28 in the country,according to latest tally)Henry Sy and family had to open a store in the Agana Shopping Center in Guam add to this International outing their SM Shopping Centers in China and you can definitely say SM stands for ”so many”

GREAT grocery shopping goes to Rizal province as Savemore Supermarket opens a new store at the Angono Binangonan Center in Angono, Rizal. The Savernore chain, which is owned and operated by SMSupermarket, was introduced in 1998.as an independent store created to serve the needs of those who find themselves far from an SM mall. Savemore now has outlets in Manila,Cebu, and Iloilo.Shoppers can expect the same quality, service, and prices of SM Supermarket at Savemore. With its spacious aisles, modern interiors, fast check outlanes, and friendly service, Savemore sets the standard in shopping convenience and pleasure.

MALL builder and operator SM Prime Holdings Inc. will spend roughly P900 million for its 28th mall, to be build in Bacolod City in the central Philippines staring in March, Inquirer sources said.

Office rental rates in the Makati central business district are expected to continue rising as new supply remains insufficient to meet growing demand, real estate money management and services firm Jones Lang LaSalle said. In its latest Asia Pacific Property Digest, Jones Lang LaSalle said demand for office space remains strong, driven by the expansion and entry of business process outsourcing (BPO) and information technology-enabled service firms.

Metro Manila’s retail space vacancy rate is expected to remain at 15% until yearend, according to property services firm Colliers International (Philippines), Inc. Colliers Philippines director for Research and Consultancy Richard Raymundo said in an interview yesterday that Metro Manila is already saturated with malls.

HENRY SY SR., the country’s biggest retailer, is about to become the nation’s largest banker.  On November 6, 2006, the respective boards of Banco de Oro (BDO) and Equitable PCIBank