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SM Supermalls
SM Supermalls, owned by SM Prime Holdings, Inc., is a chain of shopping malls in the Philippines, with 55 malls across the Philippines. ==History== The company that operates the malls was started by Henry Sy, Sr. in 1958 as Shoemart, with a store in Manila. In the 1960s Shoemart expanded 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. In the 1980s, the company diversified and ventured into the supermarket and home appliance store business. It opened the first "Supermall" store in 1985 in Quezon City called SM City North EDSA.
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