SM Quiapo

SM Quiapo (also known as SM Clearance Outlet and SM Carriedo) is the very first SM Store opened in November 1972. The store is owned by Chinese-Filipino billionaire Henry Sy and currently being managed by the SM Group's foundation, SM Department Store Inc. The store has been renovated and relaunched as SM Clearance Store.

SM Quiapo
The establishment in 2016
LocationCarlos Palanca Street, Quiapo, Manila, Philippines
Coordinates14°35′55.09″N 120°58′54.60″E
Opening date1958 (as Shoemart)
ManagementSM Group of Companies
No. of anchor tenants1
No. of floors4
Public transit access Carriedo

History

Henry 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]

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See also

References
  1. Zulueta, Lito (4 November 2007). "Sanso mural hails 70-year friendship with Henry Sy". Philippine Daily Inquirer. pp. A1, A19. Retrieved 6 February 2016.
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