Unique Ecosystem of Businesses
The businesses of SM all work together as a unique ecosystem with high synergies that also support its many thousands of partners.
Serving the community
In the post-war Philippines, our founder Henry Sy, Sr. saw the need for every Filipino to have a decent pair of shoes. This gave birth to the first Shoemart that opened as a humble shoe store in 1958 in Manila.
Today, we operate in a variety of retail formats – 72 Department Stores, 1,611 Food and Non- Food Brand Affiliates, 65 Supermarkets, 54 Hypermarkets, 1,412 Minimarts and e-commerce formats. Through our nationwide reach, our retail business continues to provide not only a decent pair of shoes but a more complete offering for the needs of our customers.
Building for the needs of the community
Already a visionary, Mr. Sy defied the odds when he opened SM North EDSA in 1985 in the middle of a swampland during one of the most turbulent times in Philippine history. He
saw the opportunity to serve the needs of the community by providing a place where special moments for family and friends happen.
Today, we are going beyond developments as we develop integrated and sustainable cities with malls, banking, commercial, residential, and leisure properties.
Helping fuel the development of partners
In the 1970s, Mr. Sy saw an opportunity to buy a small bank to reach out to more industries and help his suppliers get loans to expand their businesses.
Through our banking investments, we continue to serve the banking needs of the Filipinos especially small businesses as we aim to help grow the Philippine MSME sector. Today, BDO is the biggest bank in the country with the largest distribution network while China Bank continues to be successful in providing financial assistance to growing businesses.
Investing in the emerging needs of the community
Anchored on our founder’s belief that our communities should grow as we grow, we invest in key sectors in the Philippines with high growth potential that will create value for them.
The country’s dynamic economy needs to grow across the country, thus we invest in products and services that elevate the standards of our consumers ranging from logistics through 2GO and Airspeed, geothermal energy through Philippine Geothermal Production Company, food through Goldilocks, urban living solutions through MyTown, leisure destinations through Belle Corporation and responsible mining through Atlas Mining.