SM Supermalls

SM Supermalls, owned by SM Prime Holdings, Inc., is the largest chain of shopping malls in the Philippines, having 28 malls across the country and four branches in Jinjiang, Xiamen, China, Chengdu & Chongqing.

The company that operates the malls was started by Henry Sy, Sr. , and nephew Mark Wayne Pypy in the 1950s. Shoemart, as SM was then known, started as chain of shoe stores with the first branch opening on Avenida Rizal, in Manila, in October 1958. By the 1970s, Shoemart became a full-line department store with branches in the Makati commercial center and at Harrison Plaza in Manila. The company also shifted its name from Shoemart to SM. In the 1980s, the company diversified and ventured into the supermarket and appliance store business, then finally opening the country's first "supermall" in 1985 in Quezon City called SM North EDSA.

SM Malls is considered the pioneer of the shopping mall experience in the Philippines. The popularity of these malls have paved the way for the growth of the retail industry in the country. Going to the malls, especially SM Malls, have become a part of the weekend urban culture of Filipinos.

SM Malls, however, faces criticism. The labor sector accuses the management of unjust labor practices on its employees—those that work in the malls' department stores and supermarkets. In addition, the wide popularity of SM threatens the business of small- and medium-scale commercial establishments in municipalities and cities where these malls have been opened. There is a widespread exodus of retailers and tenants that used to rent commercial spaces in these establishments to the local SM mall.

SM Supermalls

SM City Ormoc


Wikimedia Foundation. 2010.

Look at other dictionaries:

  • SM Prime Holdings — Infobox Company name = SM Prime Holdings company type = Public foundation = flagicon|PHL Manila, Philippines (1958) location = flagicon|PHL Pasay City, Philippines locations = 29 malls as of September, 2007, with 14 proposed or under construction …   Wikipedia

  • SM Megamall — infobox shopping mall shopping mall name = SM Megamall image width = 320px caption = We ve got it all for you! location = EDSA, Ortigas Center, Mandaluyong City, Philippines opening date = June 28, 1991 developer = SM Prime Holdings manager = SM… …   Wikipedia

  • SM Mall of Asia — No other mall comes close Location Bay City, Pasay City, Philippines Opening date May 21, 2006 Developer …   Wikipedia

  • SM City Bicutan — infobox shopping mall shopping mall name = SM City Bicutan image width = caption = location = Corners of Doña Soledad Avenue and West Service Road (beside Exit 14, Bicutan Exit) in Barangay Don Bosco, Bicutan, Parañaque City opening date =… …   Wikipedia

  • SM City Marikina — infobox shopping mall shopping mall name = SM City Marikina image width = 300px caption = We ve got it all for you! The Future of Shopping Begins Now location = Riverbanks Center, Marcos Highway, Brgy. Calumpang, Marikina City, Philippines… …   Wikipedia

  • Jonalyn Viray — Background information Birth name Jonalyn Roxas Viray Born November 15, 1989 (1989 11 15) (age 22) …   Wikipedia

  • SM City North EDSA — infobox shopping mall shopping mall name = SM City North EDSA image width = 190px caption = We ve got it all for you! It s more than a Center... It s a City! location = EDSA, North Avenue, Quezon City, Philippines opening date = November 29, 1985 …   Wikipedia

  • SM City Southmall — infobox shopping mall shopping mall name = SM City Southmall image width = 300px caption = We ve got it all for you! location = Alabang Zapote Road, Las Piñas City opening date = April 2, 1995 developer = SM Prime Holdings manager = SM Prime… …   Wikipedia

  • SM City Cebu — Infobox shopping mall shopping mall name = SM City Cebu image width = 250 caption = SM City Cebu s Northwing facade location = Cebu City address = North Reclamation Area, Mabolo, Cebu City coordinates =… …   Wikipedia

  • Toy Kingdom — Infobox Company company name = Toy Kingdom company company type = Public company slogan = The Amazing Toy Store. owner = Henry Sy Sr. foundation = 1990 (SM Investments Bldg. Aurora Blvd. corner Araneta Ave. Quezon City) as Toy Kingdom location =… …   Wikipedia

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”