Photos from Alabang Town Center Facebook page and Adobe Stock
Nico Villarete/Rappler
Even in a weak economy, SM and Ayala grew mall revenues by chasing the more 'intentional' Filipino shopper with revamped malls, new experiences, and a bigger push into the provinces
Despite a sluggish economy with low growth and high inflation, major mall operators in the Philippines are experiencing revenue growth and increased foot traffic.
Filipino consumers are becoming more intentional and value-conscious in their spending, leading retailers to adapt by offering diverse product assortments and enhancing the mall experience with more leisure and dining options.
