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SM Store Quiapo (also known as SM Clearance Outlet and SM Carriedo) was the first SM store, opened in 1972. The store was owned by the Chinese-Filipino billionaire Henry Sy and it is currently being managed by SM Investments's foundation, SM Department Store Inc. The store has been renovated and relaunched under the name SM Clearance Outlet.
 The establishment in 2016 | |
 | |
| Location | Carlos Palanca Street, Quiapo, Manila, Philippines |
|---|---|
| Coordinates | 14°35′55.09″N 120°58′54.60″E / 14.5986361°N 120.9818333°E |
| Opening date | 1958 (as Shoemart) |
| Management | SM Group of Companies |
| No. of anchor tenants | 1 |
| No. of floors | 4 |
| Public transit access |   Carriedo |
History
editHenry Sy established shoe stores in Manila 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".[1]
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.[1]
See also
editReferences
edit- ^ a b Zulueta, Lito (4 November 2007). "Sanso mural hails 70-year friendship with Henry Sy". Philippine Daily Inquirer. pp. A1, A19. Retrieved 6 February 2016.