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SM Quiapo
SM Store Quiapo (also known as SM Clearance Outlet and SM Carriedo) was the first SM store, opened in 1972. The store was owned by the Chinese-Filipino billionaire Henry Sy and it is currently being managed by SM Investments's foundation, SM Department Store Inc. The store has been renovated and relaunched under the name SM Clearance Outlet. History Henry Sy established shoe stores in Manila Manila, officially the City of Manila, is the Capital of the Philippines, capital and second-most populous city of the Philippines after Quezon City, with a population of 1,846,513 people in 2020. Located on the eastern shore of Manila Bay on ... which were Plaza, Paris and Park Avenue which started with letter "P" prior to establishing the store that would be known as SM Quiapo. In 1958, he established a shoe store in Carriedo, Manila, which he named Shoemart after he was not able to come up with a name starting in "P". The store was later expanded and began to sell clothes and acc ...
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Quiapo, Manila
Quiapo () is a district of the city of Manila, in the National Capital Region of the Philippines. Known as the “Old Downtown of Manila", the district’s most famous landmark is Quiapo Church, a Basilicas in the Catholic Church, minor basilica National shrine, enshrining Asia's most sacred Black Nazarene image, which has been Procession, processed every January in the historic district, attracting millions of devotees from all over the country and region. The historic district is also dotted with numerous heritage sites, ranging from ancestral and heritage houses such as those in Hidalgo Street, museums, art galleries, libraries, historic places of worship such as Church (building), churches and mosques, historic cinemas, as well as historic parks and streets, many of which have been run over by informal settlers and the construction of shanty houses, as well as buildings built by corporations. Many historic sites were destroyed by both the Japanese and American colonizers duri ...
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SM Investments
SM Investments Corporation (SMIC), also known as SM Group, is a Filipino conglomerate with interests in various sectors, mostly in shopping mall development and management, retail, real estate development, banking, and tourism. 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. It is the largest company in the Philippines in terms of market capitalization, and has repeatedly ranked as the top Philippine company in the Forbes Global 2000. History In 1958, Henry Sy Sr. started his first company, ShoeMart (SM), a small shoe store in Carriedo, Manila, Philippines. He initially focused on buying large supplies of shoes from the United States. His business expanded as he transformed his shoe store into a department store. At this point, Sy set up his sec ...
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SM Retail
SM Retail Inc. is a retail holding company based in Pasay, Philippines. It is a subsidiary of the conglomerate SM Investments Corporation. SM Retail has been a member of the International Association of Department Stores since 2009. History The company was founded by Henry Sy, Sr. on January 15, 1960. Initially, he named his business Shoemart and focused on buying large supplies of shoes from the United States. His business grew until he was able to open a department store. He named his second company SM Department Store Inc. In 2006, the board of directors of the SM Investments Corporation announced that it will undergo a corporate restructuring. Under the restructuring, two companies were established: SM Retail Inc. and SM Land Inc. The SM Supermarket, SM Hypermarket, and SM Department Store (now SM Store) retail chains were placed under the ownership of SM Retail while SM Land Inc. is responsible for managing the real estate assets of the parent corporation. SM Prime Ho ...
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Chinese Filipino
Chinese Filipinos (sometimes referred as Filipino Chinese or Chinoy/Tsinoy in the Philippines) are Filipinos of Chinese descent with ancestry mainly from Fujian, but are typically born and raised in the Philippines. Chinese Filipinos are one of the largest overseas Chinese communities in Southeast Asia. Chinese immigration to the Philippines occurred mostly during the Spanish Philippines, Spanish colonization of the islands between the 16th and 19th centuries, attracted by the lucrative trade of the Manila galleons. During this era, they were referred as the Sangley, who were mostly the Hokkien-speaking Hoklo people, Hokkien people, who later became the dominant group within the Filipino-Chinese community.The Birth of Globalization: The ...
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Henry Sy
Henry Tan Chi Sieng Sy Sr. (; zh, c=, p=Shī Zhìchéng, zhu=ㄕ ㄓˋ ㄔㄥˊ, poj=Si Chì-sêng, s=, t=, first=poj; October 15, 1924 – January 19, 2019) was a Filipino businessman. Born in Fujian, he moved with his family to the Philippines at age 12. His family would later return to China, with Henry staying behind to establish ShoeMart, a small Manila shoe store, in 1958. Over the decades he developed ShoeMart into SM Investments, one of the largest conglomerates in the Philippines, including 49 SM malls in the Philippines and China, 62 department stores, 56 supermarkets and over 200 grocery stores. SM also owns Banco de Oro, the largest bank in the Philippines, as well as real estate holdings. For eleven straight years until his death, Sy was named by ''Forbes'' as the richest person in the Philippines. When he died, his net worth was estimated at US$19 billion. Early life and education Henry Sy, also known as ''Sy Chi Sieng'' in Philippine Hokkien (''Shī Zhìch ...
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Manila
Manila, officially the City of Manila, is the Capital of the Philippines, capital and second-most populous city of the Philippines after Quezon City, with a population of 1,846,513 people in 2020. Located on the eastern shore of Manila Bay on the island of Luzon, it is classified as a Cities of the Philippines#Independent cities, highly urbanized city. With , Manila is one of the world's List of cities proper by population density, most densely populated cities proper. Manila was the first chartered city in the country, designated bPhilippine Commission Act No. 183on July 31, 1901. It became autonomous with the passage of Republic Act No. 409, "The Revised Charter of the City of Manila", on June 18, 1949. Manila is considered to be part of the world's original set of global cities because its commercial networks were the first to extend across the Pacific Ocean and connect Asia with the Hispanic America, Spanish Americas through the Manila galleon, galleon trade. This marked t ...
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SM North EDSA
SM North EDSA (formerly known as The SM Center North EDSA, The SM City North EDSA and also known as SM City North EDSA) is a large shopping mall located in Quezon City, Metro Manila, Philippines. It is the first SM Supermalls, SM Supermall in the country and formerly the List of largest shopping malls in the Philippines, largest shopping mall in the Philippines from 2008 to 2011, circa 2014, and from 2015 to 2021. SM North EDSA is owned and operated by SM Prime Holdings. It opened on November 8, 1985, with a gross floor area of . Through a continuous series of expansions since 2019, the mall has a current gross floor area of . The mall's redevelopment began with the opening of The Block in July 2006. Among the developments were a new Annex building which opened in December 2008 and Sky Garden which opened in May 2009. The Car Park Plaza was turned into a lifestyle center in 2009. History SM North EDSA was built on of marshland in a relatively remote location amidst a politica ...
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Buildings And Structures In Quiapo, Manila
A building or edifice is an enclosed structure with a roof, walls and windows, usually standing permanently in one place, such as a house or factory. Buildings come in a variety of sizes, shapes, and functions, and have been adapted throughout history for numerous factors, from building materials available, to weather conditions, land prices, ground conditions, specific uses, prestige, and aesthetic reasons. To better understand the concept, see ''Nonbuilding structure'' for contrast. Buildings serve several societal needs – occupancy, primarily as shelter from weather, security, living space, privacy, to store belongings, and to comfortably live and work. A building as a shelter represents a physical separation of the human habitat (a place of comfort and safety) from the ''outside'' (a place that may be harsh and harmful at times). buildings have been objects or canvasses of much artistic expression. In recent years, interest in sustainable planning and building practi ...
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Department Store Buildings In The Philippines
Department may refer to: * Departmentalization, division of a larger organization into parts with specific responsibility Government and military *Department (administrative division), a geographical and administrative division within a country, for example: **Departments of Colombia, a grouping of municipalities **Departments of France, administrative divisions three levels below the national government **Departments of Honduras **Departments of Peru, name given to the subdivisions of Peru until 2002 **Departments of Uruguay *Department (United States Army), corps areas of the U.S. Army prior to World War I *Fire department, a public or private organization that provides emergency firefighting and rescue services *Ministry (government department), a specialized division of a government *Police department, a body empowered by the state to enforce the law * Department (naval) administrative/functional sub-unit of a ship's company. Other uses * ''Department'' (film), a 2012 Bollywoo ...
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SM Prime
SM Prime Holdings, Inc. (SMPH) is a Filipino integrated property developer and a public subsidiary of SM Investments Corporation. It was incorporated on January 6, 1994, to develop, conduct, operate, and maintain the SM commercial shopping centers and all businesses related thereto, such as the lease of commercial spaces within the compound of shopping centers. It went public on July 5, 1994, and subsequently grew to become the largest company listed on the Philippine Stock Exchange in terms of revenue. The company's main sources of revenues primarily include rental income from mall and food courts, as well as from cinema ticket sales and amusement income. History 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. His aggressive and adamant strategy helped him gain large profits within a few years ...
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