Founded by Henry Sy, it has become one of the largest conglomerates in the Philippines, being the country’s dominant player in retail with 208 stores nationwide. Of these, 47 are SM Department Stores; 38 are SM Supermarkets; 37 are SM Hypermarkets and 86 are SaveMore branches.
What does SM mean in Philippines?
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.
What is the biggest malls in the Philippines?
Malls by gross leasable area
|#||Mall||Gross floor area|
|1||SM City North EDSA||497,213 m²|
|2||SM Megamall||474,225 m²|
|3||SM Seaside City Cebu||470,971 m²|
|4||SM Mall of Asia||432,891 m²|
Who is owner of SM?
What is the values of SM?
SM Prime acknowledges that good corporate governance is an integral part of good management practice and the four core principles of integrity, fairness, accountability and transparency are embedded in a practical way into business processes.
What foes SM mean?
Online, SM, or sm, can stand for so much (e.g, I love you sm).
What is the story 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.