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.
See also
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SM City North EDSA
SM North EDSA (formerly SM City North EDSA, The SM Center North EDSA and The SM City North EDSA), and colloquially known as SM North, is a large shopping mall located in Quezon City, Metro Manila, Philippines. It is the first SM Supermall in ...
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SM City Manila
SM Supermalls, also simply known as SM, owned by SM Prime, is a chain of shopping malls in the Philippines that as of November 18, 2022 has 82 malls located across the country and 20 more scheduled to be opened for an eventual total of 102 ma ...
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SM City San Lazaro
SM Supermalls, also simply known as SM, owned by SM Prime, is a chain of shopping malls in the Philippines that as of November 18, 2022 has 82 malls located across the country and 20 more scheduled to be opened for an eventual total of 102 mal ...
References
{{SMPH
Buildings and structures in Quiapo, Manila
Department store buildings in the Philippines
SM Prime
Shopping malls established in 1958