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SM Quiapo (also known as SM Clearance Outlet and SM Carriedo) was the first SM store, opened on November 4, 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.
This is a list of notable shopping malls in the Philippines. The retail industry in the Philippines is an important contributor to the national economy as it accounts for approximately 15% of the country's total Gross National Product (GNP) and 33% of the entire services sector.
SM Supermalls, also simply known as SM is a chain of shopping malls owned by Philippines-based SM Prime. As of May 2024, it has a total of 96 malls (88 in the Philippines and 8 in China). It was also formerly known as Shoemart.
SM Retail Inc. is a retail holding company based in Pasay, Philippines. It is a subsidiary of the conglomerate SM Investments Corporation. SM Retail has been a member of the International Association of Department Stores since 2009.
Philippines: As of March 2019, Payless has 76 stores in the Philippines. [22] Indonesia , Singapore , and Malaysia : In April 2011, Payless launched its first store in Jakarta , Indonesia followed by one store in Kuala Lumpur and Singapore within the same year and under the same management.
The Philippines, officially the Republic of the Philippines, is an archipelagic country in Southeast Asia. In the western Pacific Ocean , it consists of 7,641 islands , with a total area of 300,000 square kilometers, [17] which are broadly categorized in three main geographical divisions from north to south: Luzon , Visayas , and Mindanao .