The company that operates the malls was started by Henry Sy, Sr. in 1958 as Shoemart, with a store in Manila. In 1960's Shoemart expands its shoe store chain. It is one of the pioneers in the new urban centers in Makati and Cubao. By the 1970s, Shoemart was a full-line Department Store, shifting its name from Shoemart to SM, with stores at Makati Commercial Center in Makati City; followed by SM Cubao in Cubao, Quezon City; SM at Harrison Plaza in Malate, Manila; and the first outside of Metro Manila, SM Iloilo on Delgado St. in Iloilo City. In the 1980s, the company diversified and ventured into the supermarket and home appliance store business, then finally opening the first "Supermall" store in 1985 in Quezon City called SM City.
In 1990's SM spearheads what is known as the malling phenomenon in the Philippines with the opening of SM City Sta. Mesa in 1990 and SM Megamall in 1991. Malling becomes a way of life for millions of Filipinos as SM Malls are opened in the metro and provincial areas.
SM Supermalls have also launched SM Cares, a program of SM Prime's corporate social responsibility (CSR) initiatives. Carried out in all the 40 SM malls nationwide, SM Cares' cover the environmental conservation (energy, air and water), and care and assistance to customers of SM malls with special needs such as Persons with Disability (PWD), Special Children, The Elderly and nursing mothers. As part of its ongoing program assist and create consciousness about persons with disabilities, the SM Supermalls also celebrated the 13th National Autism Consciousness Week with a series of activities at the SM Mall of Asia.
The company that operates the malls was started by Henry Sy, Sr. in 1958 as Shoemart, with a store in Manila. In 1960's Shoemart expands its shoe store chain. It is one of the pioneers in the new urba…More