MANILA – SM Supermalls will open an average of 5 to 7 malls each year in the next 5 years as it remains bullish on offline “brick and mortar” shopping amid the rise of e-commerce, its Chief Operating Officer (COO) said Thursday. 

Read more: https://news.abs-cbn.com/business/06/21/19/sm-plans-5-to-7-malls-each-year-in-next-5-years-says-coo