SM Retail Inc. is a private

retail Retail is the sale of goods and services to consumers, in contrast to wholesaling, which is sale to business or institutional customers. A retailer purchases goods in large quantities from manufacturers, directly or through a wholesaler, and th ...

holding company based in Pasay,

Metro Manila Metropolitan Manila (often shortened as Metro Manila; fil, Kalakhang Maynila), officially the National Capital Region (NCR; fil, link=no, Pambansang Punong Rehiyon), is the capital region, seat of government and one of three List of metrop ...

Philippines The Philippines (; fil, Pilipinas, links=no), officially the Republic of the Philippines ( fil, Republika ng Pilipinas, links=no), * bik, Republika kan Filipinas * ceb, Republika sa Pilipinas * cbk, República de Filipinas * hil, Republ ...

. It is a subsidiary of the conglomerate SM Investments Corporation. SM Retail has been a member of the

International Association of department stores The International Association of Department Stores (IADS) is a retail trade association founded in 1928 by a group of department stores with the goal of introducing modern management methods derived from the scientific management movement to the ...

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 Restructuring is the corporate management term for the act of reorganizing the legal, ownership, operational, or other structures of a company for the purpose of making it more profitable, or better organized for its present needs. Other reasons ...

. Under the restructuring, two companies were established: SM Retail Inc. and SM Land Inc. The SM Supermarket, SM Hypermarket, and SM Department Store (now The 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 Holdings 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 cent ...

remains the sole operator of the SM Groups' SM Supermalls shopping mall chain (SM Prime later bought out and merged SM Group's land property division (SM Land) in 2013, which owns SM Development Corporation, Highlands Prime, Inc., SM Hotels and Convention and SM Commercial Properties Group). In 2016, SM Retail through Macquarie Capital underwent a merger with various local retailers.

Retail brands

SM Retail has ownership over SM Supermarket, SM Hypermarket and Savemore chains which would later be called collectively as SM Markets. It also owns The SM Store department stores and food retail stores under

WalterMart Walter Mart (stylized as WalterMart) is a Filipino chain of community shopping malls located in Metro Manila, Central, and South Luzon. The chain operates its anchor stores that include Walter Mart Supermarket, Walter Mart Cinemas, Abenson Appli ...

and Alfamart (joint venture between SM and the Indonesian-based mini-mart/convenience store chain for Philippine franchise). 2491Marulas Valenzuela City landmarks 18

2491Marulas Valenzuela City landmarks 18

Since the company underwent a merger in February 2016 with various local retail companies, SM Retail has ownership over other retail brands such as Ace Hardware, SM Appliances, Homeworld, Our Home,

Toy Kingdom Toy Kingdom is a large toy store chain owned and developed by the SM Group by the late Chinese Filipino taipan, Henry Sy, Sr., along with its corporation name, the "International Toyworld Inc". It features a variety of toys, gizmos & gadgets. The ...

, Watsons,

Kultura ''Kultura'' (, ''Culture'')—sometimes referred to as ''Kultura Paryska'' ("Paris-based Culture")—was a leading Polish-émigré literary-political magazine, published from 1947 to 2000 by ''Instytut Literacki'' (the Literary Institute), in ...

, Baby Company, Sports Central, Pet Express. It also has majority stakes in Alfamart, Forever21, and Crate & Barrel's local operations.

References

External links

* {{SM Group

Retail Retail is the sale of goods and services to consumers, in contrast to wholesaling, which is sale to business or institutional customers. A retailer purchases goods in large quantities from manufacturers, directly or through a wholesaler, and th ...

Holding companies of the Philippines Companies based in Pasay Retail companies of the Philippines