THE SM STORE 

(SM Department Store)

• The SM Store (formerly known as SM Department Store) is a department store franchise run by SM Investments, the holding company of the SM Group. SM Department Store now holds more than 30 branches located at cities and provinces in the Philippines. SM Department Store became one of the top retail centers in the Philippines.
• On October 1958, Henry Sy, Sr. opened the first Shoemart store along Rizal Avenue in downtown Manila. In the 1960s, the company expanded its shoe store chain. It was one of the pioneers in the new urban centers when it opened bigger shoe outlets in the Makati Commercial Center in 1963, and in Cubao in 1967. Shoemart marked its shift from a shoe store to a full department store, in the 1970s. They were SM Quiapo in Echague (now Carlos Palanca St.) in 1972, SM Makati in 1975, SM Cubao in 1978 and the first store outside Metro Manila, SM Delgado in Iloilo City in 1979. SM positioned itself for growth in the 1980s, diversifying into the supermarket and appliance store business. Late 1985 marked the opening of a shopping mall, the SM City North Edsa.
• In 2011, some new existing branches of SM Department Store were renamed as "The SM Store". First used in Agana Shopping Center. SM City Masinag was the first SM Supermall to use the "SM Store" brand.

SM SUPERMALLS

• SM Supermalls, owned by SM Prime Holdings, is a chain of shopping malls in the Philippines that has 58 malls located across the country and 6 in China.^] SM Supermalls has become one of the biggest mall operators in Southeast Asia. Combined, the company has about 8.5 million square meters of gross floor area (GFA). It has 17,333 tenants in the Philippines and 1,478 tenants in China.
• The company that operates the malls was started by Henry Sy Sr.. in 1958 as Shoemart, with a store in Manila. In the 1960s Shoemart expanded its shoe store chain.^] By the 1970s, Shoemart was a full-line department store, shifting its name from Shoemart to SM.

• In the 1980s, the company diversified and ventured into the supermarket and home appliance store business. It opened the first "Supermall" store in 1985 in Quezon City called SM City North Edsa.

SM SUPERMARKET

 SM SUPERMARKET

•  SM Supermarket is a supermarket chain under SM Investments. As of May 30, 2014, SM Investments operates 42 supermarkets and 98 SaveMore branches across the Philippines.
• Operated by Super Value, Inc., SM Supermarket established its first store in 1985 at the Ayala Center, Makati, and outside Metro Manila in Iloilo City. In 1998, SM Supermarket introduced stand-alone independent neighborhood supermarkets, the SaveMore Markets.

SM SAVEMORE MARKETS

• SaveMore Market is a chain of neighborhood grocery stores under the SM Food Retail Group (other food retail formats under SM are SM Supermarket and SM Hypermarket). These Savemore stores are located outside an SM mall in either stand-alone outlets or as an anchor tenant of a commercial center/commercial building or non-SM mall.

 SM MARKETPLACE

• SM MarketPlace is the newest addition to SM Food Retail G
  roup which manages SM Supermarket, SM Hypermarket, and SaveMore Market. These Marketplace stores are located in an existing major non-SM Mall  or a specialty SM Supermall to provide grocery needs to shoppers. On December 8, 2012, The former A-Venue Events Center is converted to SM MarketPlace.

SM HYPERMARKET

                           "SM Hypermarket"

            Industry: Retailing

            Founded: 1998

            Founder: Henry Sy, Sr.

            Headquarters: Pasay, Philippines

• Is a chain of hypermarkets in the Philippines established by the Sy family in the late 1990s.
• As of May 15, 2010, 4 Makro stores in the Philippines have been converted to SM Hypermarket stores: the first SM Hypermarket branch outside Metro Manila opened in Iloilo City on October 23, 2010; on December 7, 2010, the Mabalacat branch of Makro closed and reopened as SM Hypermarket; the Sucat-East Service Road branch of Makro also closed and reopened as an SM Hypermarket store in 2012; while the Alabang-Zapote Roadbranch of Makro closed and reopened as an SM Hypermarket store on March 29, 2012.
• SM Hypermarket is a new business entity of the SM Group of Companies, which has been successful in offering the convenience of a first-rate indoor wet market, food and general merchandise store. SM Hypermarket provides one-stop shopping convenience especially designed to meet the growing needs of shoppers.

ATTRACTIONS

1. All stores have modern, spacious facilities, customer friendly display racks and more than 40 check-out lanes.
2. At SM Hypermarket, one can find Food, Fresh and Frozen items that you buy from a supermarket and General Merchandise products that one can buy from a department store.
3. SM Hypermarket also offers other services such as bills payment, foreign exchange, package counters, gift wrapping, delivery services, wholesale transactions and paging systems - all designed to make shopping with us worth the time, money and effort.
4. SM Hypermarket has in-store promotions that make shopping with an exciting experience - “Shop & Win” raffle, “Big Shoppers, Win More” roulette game, “Super Chefs, Super Treats” cooking activity, Bi-monthly mailers, Value Packs and Consignor’s Free Gift Promotions.

CONVERSION OF MAKRO TO SM HYPERMARKETS

• Robert Kwee, executive vice-president of SM Hypermarkets, said Makro outlets in Makati and Novaliches would be turned into hypermarkets by the end of September and in the last quarter, respectively.
• "Sales doubled after we converted our Mandaluyong branch into a hypermarket. We have already closed Makati and Novaliches, reducing the group’s total Makro branches to 12 outlets," Mr. Kwee said.
• But Jose T. Sio, chief financial officer of SM Investments Corp., the listed holding firm of the Sy family, said the mall, banking, and property conglomerate won’t sell its shares in the Dutch-German chain of warehouse clubs,
• The SM group is just not comfortable in certain Makro locations, he said.

BRANCHES

• Sucat (2001)
• Bicutan(2002)
• Marilao (2003)
• Valuenzuela (2005)
• Molino (2005)
• Clark (2006)
• Bay City (2006)
• North Edsa (2006)
• Pasig (2006)
• Taytay (2007)
• Muntinlupa (2007)
• Rosales(2008)
• Baliuag (2008)
• Mandaluyong (2009)
• Fairview (2009)
• Makati (2009)
• Las Pinas (2009)
• Novaliches (2009)
• Centris Station (2009)
• Santiago (2015)
• Bayombong
  
  
  
  

                                                     

FORMER SM HYPERMARKET LOGO (2001-2009)

                                                    

                                                      BRANCH IN SM BALIUAG

                                                                     
                                                                      INTERIOR

GROCERIES

                                                              DRY GOODS

HENRY SY EARLY LIFE

• Henry Sy was born to a poor family in Jinjang, China on December 25, 1924. He is the son of Henry H. Sy and Tan O Sia.
• He completed his secondary education in a school now known as Chiang Kai Shek College and earned his Associate of Arts degree in Commercial Studies at Far Eastern University in 1950.

BACKGROUND LIFE

• He is a Chinese-Filipino business magnate, investor, and philanthropist. He is involved in the industries of real estate, hospitality, banking, mining, education, and health care. 
• He is responsible for the establishment of SM Malls, anchored by Shoemart Department Store and Supermarket.
•  He is the chairman of SM Prime in, Inc., the holding corporation for all his business interests in his vast business empire. In 2015, Forbes Magazine listed him as the richest man in the Philippines, ahead of 11 other billionaires including John Gokongwei and Lucio Tan.
• He has six children.

CAREER

• In 1958, Sy established a small shoe store in Quiapo, Manila that marked the establishment of SM Prime Holdings. In November 1972, the small shoe store became SM Quiapo, SM's first standalone department store.
• On November 8, 1985, he established his first SM Supermalls, SM City North Edsa.
• He is the Philippines' richest man, gaining $5 billion in 2010, amid the global financial crisis. The huge gain was due to his holding company, SM Investment Corporation, which has interests in Banco De Oro, inter alia.
• Forbes Magazine 2008 list of 40 wealthiest Filipinos, revealed the Sy family's net worth was $6.2 billion. Earlier, he was the second wealthiest individual in the Philippines, next to Lucio Tan, and (as of 2010) 201st in the world.
• Sy is considered a tai-pan. The Sy group is the operator of Banco de Oro and owner of China Bank. In 2006, he bought the remaining 66% of Equitable PCI Bank, the Philippines third largest lender, in which he already had a 34% stake, and merged it with Banco de Oro in 2007. The merger created the Philippines' second largest financial institution with resources of close to $17 billion.
• In August 2005, Sy's stake in the San Miguel Corporation, Southeast Asia's largest food and beverage conglomerate, reached 11%. He sold that stake in October 2007 for $680 million.
• Henry Sy, Sr., was named "Management Man of the Year" by the Makati Business Club in 1999 and was conferred an Honorary Doctorate in Business Management by De La Salle University in January of that year. He organized the SM Foundation Inc., which helps underprivileged and promising young Filipinos. Several of his children hold senior management positions in his companies, although he has groomed daughter Teresita Sy-Coson and his grandchildren Hailey Sy-Coson, Darcie Sy, Lance Harold Sy, Cheska Sy, Sarita Sy, Samantha Ong-Sy and Josiah Sy as his successors. Sy's holding company, SM Investments Corporation, has consistently been cited as one of the Philippines best-managed companies. On May 20, 2006, the SM MOA, built in the reclamation area of Pasay City, was opened to the public. It is the third-largest mall in the world as of 2012.

AWARDS

• Management Man of the Year" by the Makati Business Club – 1999
• Honorary Doctorate in Business Management by De La Salle University in January 1999
• 40 Richest Filipinos of 2008
• Forbes magazine Heroes of Philanthropy 2009
• 1st Chinese-Filipino recipient of the PCE Big Brother of Filipino Entrepreneurs award (2006)
• 1st Chinese-Filipino recipient of the PRA President's Award (2005)