Just in case you guys are wondering why you can't buy Colgate nor Palmolive
items at SM...
BIZ BUZZ : We’ve got it all ... almost
By the Staff
Philippine Daily Inquirer
Posted date: June 09, 2009
DON’T go looking for Colgate toothpaste in SM Supermarkets. Don’t go shopping there for Palmolive soap or shampoo either, because chances are, you won’t find any. That’s because the SM group and fast-moving consumer goods (FMCG) manufacturer Colgate-Palmolive recently got into a tussle over billing issues, according to our sources.
According to the Colgate-Palmolive camp, the disagreement came about after SM insisted on a payment period beyond what is normal for FMCG items (a longer period would have positive and negative implications for either party, since “time is money”).
The SM camp, meanwhile, says the terms are static, and that a new Colgate-Palmolive manager who is “unaccustomed to the way business has always been done” has been pushing for better terms (that are clearly not better for SM).
Thus, Colgate-Palmolive’s products and merchandisers are no longer a fixture in SM Supermarket premises, prompting a high-stakes stand off between the two corporate giants.
Both firms rely on each other for a significant amount of their revenues. SM—the country’s biggest supermarket chain—is easily Colgate-Palmolive’s largest vendor. Colgate-Palmolive products, meanwhile, are some of the best-selling products of the chain, with daily sales estimated in the millions of pesos.
Yesterday, several SM Supermarkets showed thinning stocks of Colgate toothpaste, while Palmolive bath products were “out of stock,” according to the staff.
Neither side seems keen on prolonging the agony, however, and a source from the SM group said that they are “looking forward to resolving any differences.”
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Tsikoteer
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August 25th, 2009 02:22 PM #1
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Tsikot Member Rank 4
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August 25th, 2009 02:38 PM #2Tagal na nito. Yes, there are issues affecting the relationship with the retail group but its nothing that can be resolved. Look for Colgate-Palmolive products to be back at SM Superstore's shelves soon. Meantime, if you want your favorite toothpaste or shampoo, you can get a buy 1 take 1 deal in Robinsons.
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Tsikot Member Rank 5
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Darker and Bigger
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August 25th, 2009 03:07 PM #4also read about this a couple of weeks ago...
bottom line. MONEY!
tingin ko kung SMB ang mag pull out doon ma apektuhan ang SM, sobrang extensive ng product lines ng SMB eh
also read bout Star cinema stop showing their movie in all SM cinemas..problem was also about money...mali mali daw ang computation ng SMLast edited by shadow; August 25th, 2009 at 03:11 PM.
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SobrangBilisMagType!
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August 25th, 2009 03:28 PM #5Not really surprising... a lot of suppliers have gripes about SM's payment schemes. What's surprising is that it came to this kind of impasse, considering how important this supplier is to SM.
Don't really mind... I shop at Shopwise and South Supermarket, anyway. I only do SM once in a while.
Ang pagbalik ng comeback...
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Darker and Bigger
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August 25th, 2009 03:31 PM #6+1, if they can do this with this big companies, what more sa mga maliit na suppliers..
boycott na ang SM! hehehe
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Hoosier'ed Hotspur
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August 26th, 2009 05:04 PM #7
Originally Posted by ghosthunter
Yup, learned about this a couple of weeks ago, when I was looking for Colgate toothpaste at Hypermart, MoA.....
8505:bat:
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Originally Posted by ghosthunter
