SM Quiapo (also known as SM Clearance Outlet and SM Carriedo) is the first SM Store opened in November 1972. The store is owned by Chinese-Filipino billionaire

Henry Sy Henry Tan Chi Sieng Sy Sr. (; ; October 15, 1924 – January 19, 2019) was a Filipino businessman and investor. Born in Fujian, he moved with his family to the Philippines at age 12. While his family returned to China, he stayed behind and f ...

and currently being managed by the SM Group's foundation, SM Department Store Inc. The store has been renovated and relaunched as SM Clearance Store.

History

Henry Sy established shoe stores in

Manila Manila ( , ; fil, Maynila, ), officially the City of Manila ( fil, Lungsod ng Maynila, ), is the capital of the Philippines, and its second-most populous city. It is highly urbanized and, as of 2019, was the world's most densely populate ...

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 accessories aside from just shoes. In 1972, Shoemart was expanded and became the first SM Department Store.

References

{{SMPH Buildings and structures in Quiapo, Manila Department store buildings in the Philippines SM Prime Shopping malls established in 1958

History

See also

References