History. In 1958, Henry Sy Sr. started his first company, ShoeMart (SM), a small shoe store in Carriedo, Manila. He initially focused on buying large supplies of shoes from the United States.
What does SM mean in PH?
The roots of SM date back to the 1950s when entrepreneur Henry Sy, Sr. established a shoe store at Carriedo Street in Quiapo, Manila. His store was established as ShoeMart, which was originally located at Carlos Palanca Sr. Street. … ShoeMart was abbreviated into SM, the name which became commonly known by the locals.
Is SM only in Philippines?
It also has 7 malls in China, including SM Tianjin which is the second largest in the world in terms of gross leasable area (GLA). SM Supermalls has become one of the biggest mall operators in Southeast Asia.
|Product type||Shopping mall chain|
|Related brands||SM Retail|
What does SM store stand for?
Super Shopping Market, Inc. ( SM Hypermarket)
Why is SM called SM?
S.M. Entertainment (Hangul: SM엔터테인먼트) is an independent Korean record label, talent agency, producer, and publisher of pop music, founded by Lee Soo-man in South Korea. Initially, “SM” was an abbreviation of the agency founder’s name, but now stands for “Star Museum.” Its current CEO is Kim Young-min.
What is the first SM in the Philippines?
SM Quiapo (also known as SM Clearance Outlet and SM Carriedo) is the first SM Store opened in November 1972. The store is owned by Chinese-Filipino billionaire Henry Sy and currently being managed by the SM Group’s foundation, SM Department Store Inc. The store has been renovated and relaunched as SM Clearance Store.
What kind of company is SM?
SM Investments Corporation (SMIC), also known as SM Group, is a Filipino conglomerate with interests in shopping mall development and management, retail, real estate development, banking, and tourism.
|Founded||1958 in Manila, Philippines|
|Founder||Henry Sy Sr.|
How many SM are there?
Since the opening of SM City North EDSA, more SM Supermalls were built across the country to make the one-stop shopping, dining, and entertainment experience enjoyed by more Filipinos. Today, there are 74 SM Supermalls branches nationwide and more than 20 are found in Metro Manila.
Who owns SM now?
SM Supermalls is owned by SM Prime Holdings, Inc., the Philippines’ biggest developer, operator and owner of world-class malls — 77 in the country and 7 in China. SM Prime started its mall development business in 1985 with the opening of SM North EDSA.
What is the biggest SM in the Philippines?
Malls by gross leasable area
|#||Mall||Number of shops|
|1||SM Mall of Asia||600+|
|2||SM City North EDSA||1000+|
|4||SM Seaside City Cebu||700+|
Does SM own Watsons?
Watsons Philippines is 60-percent owned by the SM group and 40 percent by AS Watson Group, the largest health and beauty retailer in the world Around 40 percent of its product lineup is medicine and the rest are beauty and wellness items, including specialty soaps and creams.
What is the tagline of SM?
SM’s tagline, “We’ve Got It All For You” has become a guiding principle for the level of service that SM lives up to until today and has helped transform it into a household name. For over six decades, SM has developed generations of loyal customers, many of whom still fondly call the store Shoemart.
What is the CSR of SM?
(SMFI) spearheads SM’s corporate social responsibility (CSR”) programs to the communities in which it is present. SM’s main community care initiatives focus on providing better access to education, health care, food security through farmer’s training and social inclusion through SMFI.
What is the history of SM?
SM was founded as a shoe store by Henry Sy, Sr., in October 1958 in downtown Manila. Mr. Sy, who is known as the visionary of Philippine retail because of his innovations in the industry, thought of establishing a chain of shoe stores with a store layout and merchandising concepts never before tried in the Philippines.