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.