HISTORY

1958
The founder Henry, Sy, Sr. opened a shoe
store along Rizal Avenue called Shoemart and a
second one on Carriedo, Manila. The shoe store
was still a low-key that time.
 1963-1967
The shoe store, Shoemart Makati, opened
its doors to the public in 1963. In 1967, Shoemart
Cubao opened for the urban citizens of Cubao.

1972-1980
Launched 1972,Shoemart Manila on Calle
Echague was transformed into the first Sy’s
department stores. The opening of the department
store,SM Makati in 1975 was accompanied by a
dramatic corporate rebranding where Mar. Sy’s
stores would be rechristened at the SM from SM
Department Store. From it racks would define
fashion in the metro. In 1980, SM Cubao opened,
tapping into the large pedestrian population of that
area.

1980-1984
Despite the political and economic
challenges, there was marked growth in SM as
new department stores opened in Cubao, Quezon
City and Harrison in Manila at this time.
SM also acquired Banco de Oro (BDO) in
the 1980’s with the goal of making the finance and
cash management services in their own malls
accessible to customers.
 1985-1993
On 1985, SM North EDSA, 125 000 square
meter mall, opened at a time when the country was
plunged onto one of the most turbulent periods of
political history.
The 1990s could be characterized as the
start of malling phenomenon. SM opened SM Sta.
Mesa in1990, SM Megamall in 1991 and SM Cebu
in 1993.

2001
SM’s first mall in China opened in Xiamen,
then owned by Sy family with a gross floor area of
128 000 square meters Almost similar to the size of
SM Sta.Mesa and is 100% occupied.
 2005
SM investments went public and raised over
USD 500 million and was considered the largest IPO
at that time.

2006
SM Mall of Asia, SM Prime’s flagship and
the country’s largest mall back then, was opened
fronting the scenic Manila Bay in Pasay, City. The
mall was the anchor development in the 60-hectare
reclaimed property now known as the Mall of Asia
Complex.
Later in the year, SM bought a majority
stake at Equitable PCI Bank and merged it with
BDO.
This year saw the acquisition of the
supermarket and hypermarket businesses by SM.
 2015
SM Prime opens SM Seaside City Cebu,
the anchor development in 30-hectare integrated
property on reclaimed land. It has a gross floor-
plate of 430 000 sqm and is envisioned to be a
premier destination in the Visayas and Mindanao
regions.

2016
SM Investments Corporation announce
the merger of its retail arm, SM Retail Inc. with
several related retail companies that will include
a diverse portfolio of food, household appliances,
pharmaceutical, cosmetics, DIY, furniture,
apparel, footwear and specialty retailing stores.

2017
SM Investments Corporation reached PHP 1
TRILLION market capitalization level in the
stock market.