History
In 1958, Sy's first company, Shoemart (SM), started in Carriedo, Manila. He initially focused on buying large supplies of shoes from the United States. His business expanded as he transformed his shoe store into a department store.[3]At this point, Sy set up his second company, SM Department Store Inc., and began selling stocks to department stores. In 1978, Sy began buying supermarkets at the northern end of EDSA in Quezon City. By the time he built his first mall, SM City North EDSA in 1994, his companies were listed in the Philippine Stock Exchange, SM Prime Holdings Inc.[4] By 2005, the SM Investments Corporation was inaugurated.
Subsidiaries
- Retail and Malls
SM Prime is currently one of the largest shopping mall chains in the world, with 40 supermalls built and eight proposed or under construction malls. Its largest mall, which at first, is the largest mall for a 15-year period, is the SM Megamall. Alongside is the once-largest mall in the country, SM Mall of Asia and the very first SM mall, SM City North EDSA.
SM Prime operates the following:
- The SM Store - is the foundation of SM, as well as the lifestyle and fashion chain. SM holds more than 50 SM Department Stores nationwide.
- SM Supermarket - is the supermarket chain. It offers food and non-food products.
- SaveMore Market
- SM Hypermarket - is a retail chain, offering wet market, grocery, general merchandise, and discount products.
- Pilipinas Makro, Inc. (Makro) - is a once-retail chain, but now a member of SM Group.
- Banking
- Real estate property
- SM Development Corporation (SMDC) - is a residential property developer which focuses on the premium middle market. SMDC now operates SM Residences and MPlace.
- Highlands Prime, Inc. - is a residential developer in Tagaytay Highlands, a mountainside resort and residential complex.
- Mall of Asia Complex - is an alternative business and tourism district, as well as the home of the SM Mall of Asia, SMX Convention Center (the largest private venue in Philippines), OneE-com Center and Mall of Asia Arena (one of the largest private sports venue in Philippines). The Mall of Asia Complex occupies 60 hectares of land along the coast of Manila Bay, offering locations for business, tourism, retail, and leisure projects.
- Hamilo Coast - is a large-scale eco-tourism project to develop in phases 5,700 hectares of land by the sea in Nasugbu, Batangas into a network of coastal resort communities.
- Since November 2014, the consortium of SM Investments and the family of Francisco Ortigas owns 37% of OCLP Holdings, the parent of Ortigas & Company.
- Mining
- Atlas Consolidated Mining and Development Corporation - is engaged in gold mining operations.
- Hospitality and convention
- SM Hotels and Conventions - now operates Taal Vista Hotel in Tagaytay City, Radisson Hotel Cebu, Pico Sands at Pico de Loro in Nasugbu, and Megatrade Hall in Mandaluyong City and Cebu.
- SMX Convention Center (SMX) - is a convention center located within the Mall of Asia complex for hosting conventions, seminars, and conferences. Its first branch opened on November 26, 2007. It also has branches in SM Lanang Premier in Davao City and SM Aura Premier in Taguig City, which opened on September 12, 2012, and May 17, 2013 respectively. It will soon open in SM City Bacolod in September 2014, SM Seaside City Cebu in 2015 and in SM City Clark.
- SM Mall of Asia Arena - is a venue which hosts concerts and other big events, opened on June 16, 2012. Its seating capacity is 16,000 and it hosted the 2013 FIBA Asia Championship. It is one of the largest arenas in the Philippines. In 2013, the SM Group announced that there will be another arena of a different name in SM Seaside City Cebu in Cebu City.[5]
dengan toko pertama kali berdiri pada tanggal 27 Juni 2014 di Filipina yaitu toko CPC Building .meskipun di Indonesia PT.SAT,tbk berdirri toko pertama kali pada tanggal 18 Oktober 1999,di beringin raya tangerang.
Dengan usia Alfamart yang semakin matang sehingga membuat Alfamart memulai membentangkan sayapnya dan negara pertama untuk tujuan ekspansi adalah Filipina.maybe next will open in another rich country.
Very happy to be a little part in very big Alfamart,i know every day is learn,listening and see for development knowledge skill and attitude my own.thanks for the opportunity the make better than me now.
to many lesson can i learn,meet with different people different culture and character .i hope in the last week i can make a good sign,for me Allah will give the best a way.i believe every i do its faith and destiny.
i know im not good enough,i know and understand i must learn and learn much because i know my knowledge not yet enough .must down to earth i know where im come from? so no reason to feel more higher than others.Astaghfirullah...
please GOD guide me to better person.