Makro Store located along Kauswagan Highway beside RER Subdivision is now closed for renovation.
SM Investments Corp. which is now the majority owner of all Makro stores in the country has announced over a year ago (read news article I posted last May 5, 2009) that they will be converting all Makro stores nationwide into hypermarkets – outlets combining a supermarket and a department store. It was also stated that SM will analyze how things will develop back then after the initial convertion of 3 Makro stores in Metro Manila.
However, the Makro store in Cagayan de Oro is rumored to be converted into another SM Savemore branch, which would be the 3rd in the city after Savemore Market City and Savemore Capistrano. Lets see how things will develop in the coming weeks.