SM Retail Inc. is a

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

holding company based in

Pasay Pasay, officially the City of Pasay (; ), is a Cities of the Philippines#Legal classification, highly urbanized city in the Metro Manila, National Capital Region of the Philippines. According to the 2020 Philippine census, 2020 census, it has a ...

, Philippines. It is a subsidiary of the conglomerate

SM Investments Corporation 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 He ...

. 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

announced that it will undergo a

corporate restructuring Restructuring or Reframing 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. ...

. 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 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 ce ...

remains the sole operator of the SM Groups'

SM Supermalls SM Supermalls, or simply SM, is a chain of shopping malls owned by the Philippines-based SM Prime. , it has a total of 96 malls (88 in the Philippines and 8 in China). It also has 9 malls under construction (7 in the Philippines and 2 in China ...

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 SM Store department stores and food retail stores under

Walter Mart Walter Mart (stylized as WalterMart) is a Filipino chain of community shopping malls owned by Abenson Ventures, Inc. and are located in Metro Manila, Central, and South Luzon. The chain operates its anchor stores that include Walter Mart Supe ...

and

Alfamart PT Sumber Alfaria Trijaya Tbk, doing business as Alfamart, is an Indonesian primarily-franchised convenience store chain. As of June 2023, it has over 18,000 stores in 27 provinces spread across Indonesia, with 4 million daily customers and tens ...

(joint venture between SM and the Indonesian-based mini-mart/convenience store chain for Philippine franchise). 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 Ace Hardware Corporation is an American hardware retailers' cooperative based in Oak Brook, Illinois, United States. It is the largest non-grocery retail cooperative in the United States. Founded on October 25, 1924, as "Ace Stores", the co ...

, SM Appliances, Homeworld, Our Home,

Toy Kingdom International Toyworld Inc., doing business as Toy Kingdom, is a large toy store chain owned and developed by the SM Group by the late Chinese Filipino taipan, Henry Sy, Sr.. It features a variety of toys, gizmos & gadgets. The first branch op ...

Watsons Watsons () is a Hong Kong health care and beauty care chain store in Asia and Europe. It is the flagship health and beauty brand of AS Watson, which is majority owned by CK Hutchison Holdings. It operates 8,000 stores and 1,500 pharmacies ...

, Kultura, Baby Company, Sports Central, and Pet Express. It also has majority stakes in the local operations of Alfamart,

Forever 21 F21 OpCo LLC, trade name, doing business as Forever 21, was a multinational fast-fashion retailer. It was originally founded as Fashion 21 in Highland Park, Los Angeles, Highland Park, Los Angeles in 1984.Forever 21History & Facts, n.d. Retrieved ...

, and

Crate & Barrel Euromarket Designs Inc., doing business as Crate & Barrel (stylized as Crate&Barrel), is an international furniture and home décor retail store headquartered in Northbrook, Illinois. They employ 8200 employees across over 100 stores in the Uni ...

Gallery

File:SM Supermarket at SM City Cebu (04-02-2023).jpg, SM Supermarket branch at

SM City Cebu SM City Cebu (also known as SM Cebu, and sometimes both known locally as SM Mabolo and SM City), is a large shopping mall located in Mabolo, Cebu City, Philippines. It is the 4th shopping mall owned and developed by SM Prime Holdings, the count ...

File:Ermita Paco Manila 19.jpg, Savemore Market branch in

Malate Malic acid is an organic compound with the molecular formula . It is a dicarboxylic acid that is made by all living organisms, contributes to the sour taste of fruits, and is used as a food additive. Malic acid has two stereoisomeric forms ( ...

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 ...

File:SM Hypermarket Monumento branch in 2024.jpg, SM Hypermarket branch in

Caloocan Caloocan, officially the City of Caloocan (; ), is a highly urbanized city in Metro Manila, Philippines. According to the 2020 census, it has a population of 1,661,584 people making it the fourth-most populous city in the Philippines. Caloo ...

References

External links

* {{SM Group

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

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