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SM Prime Holdings
From Wikipedia, the free encyclopedia
| SM Prime Holdings | |
|---|---|
 |
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| Type | Public |
| Founded | January 6, 1994 |
| Headquarters |  Pasay City, Philippines |
| No. of locations | 29 malls as of September, 2007, with 14 proposed or under construction |
| Area served | Philippines Xiamen, China Guam |
| Key people | Henry Sy, Sr. (Founder, CEO) |
| Industry | Retail |
| Subsidiaries | Star Appliance Center; Surplus Shop; Sports Central; Baby & Co.; Home World; Our Home |
| Slogan | We've got it all for you (Supermalls and Department Stores) Always there for you and me! (SM Supermarkets) |
| Website | smprime.com |
SM Prime Holdings, Inc (PSE: SMPH) is the parent company of the SM Group's shopping mall and retail operations. It is the largest shopping mall and retail operator in the Philippines. It was incorporated on 6 January 1994 by Chinese-Filipino entrepreneur Henry Sy to develop, conduct, operate and maintain the SM commercial shopping centers and all businesses related thereto, such as the lease of commercial spaces within the compound of shopping centers. It later went public on 5 July 1994 and subsequently grew to become the largest company listed on the Philippine Stock Exchange in terms of revenue.
The Company's main sources of revenues include rental income from mall and food courts, cinema ticket sales and amusement income from bowling and ice-skating.
Currently, it has 28 operating malls totaling a gross floor area of 2.7 million square meters located in Metro Manila, Bulacan, Laguna, Cavite, Quezon, Pampanga, Baguio, Angeles, Cebu, Iloilo, Davao, Bacolod and Cagayan de Oro.
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The roots of SM date back to the 1950s when entrepreneur Henry Sy established a shoe store in Quiapo, the then-central business district of Manila. His aggressive and adamant strategy helped him gain large profits within a few years and he later expanded his business in Quiapo to become a fully functioning department store named "Shoemart", specialising in the sale of shoes, the sector of which the store originally was. Shoemart was later abbreviated to "SM" and became commonly known as "SM Shoemart" by the locals. The SM in Quiapo was later abandoned and moved in the present site near the Manila LRT Yellow Line. The old site was demolished in 1982.
The first SM Supermall, SM City North EDSA,was opened in 1985 and started the Philippine "malling" phenomenon[citation needed]. Each SM features shopping (both local and international brands), restaurants and fast food dining, amusement areas (bowling lanes, ice skating, theme rides and games), leisure (as many as 12 cinemas under one roof) and convention and trade exhibition centers.
Located in several cities and areas in Metro Manila, as well as major provincial cities, each SM is easily accessible and situated by places of public interest (churches, schools, major roads and highways, etc). SM opened its first department store outside Metro Manila (SM Delgado) in Iloilo City in 1979 was renovated in 2004 and is currently under expansion.
The first ice skating rink in the Philippines was opened in SM Megamall in 1991. With this first, SM introduced Filipinos to an art-sport otherwise unpopular in tropical countries. The SM Supermalls also house 146 cinemas (with over 103,708 total seating capacity), making SM Prime Holdings, Inc. the largest cinema operator in the country.
As of 2006, SM Prime Holdings, Inc. is embarking on an aggressive expansion program within the next five years. In preparation for this expansion, SM Prime Holdings, Inc. has amassed a total landbank of 96.6 hectares in 10 strategic locations. Included are attractive properties in provinces where urbanization is steadily underway, such as Cabanatuan, Pangasinan and Bulacan.
By 2006, five additional SM Supermalls will be operational, including the Mall of Asia which has opened recently. This is SM Prime Holdings, Inc.’s most expensive project to date.
The SM Group has engaged in other retail endeavors through other SM- related companies such as, among others: Watsons Personal Care Stores, Inc., a joint-venture with Hutchison-Whampoa Ltd. of Hong Kong; International Toy World (Toy Kingdom); Ace Hardware Philippines, a joint-venture with Ace Hardware Corporation USA; [Star Appliance Center; Surplus Shop; Sports Central; Baby & Co.; Home World; and Our Home. The amusement center is SM Storyland by Alexis Cerado.
SMPH posted an 8.6% increase in net income to P4.62 billion from P4.26 billion. This is due to a healthy increase in gross revenues, by 15.99% to P10.21 billion from P8.80 billion. Rental income, which contributed 80.14% of the Company's revenues, rose by 17.18% to P8.18 billion from P6.98 billion. This was due to rentals from three additional SM Supermalls opened in the last quarter of 2003, namely, SM City Lucena, SM City Baguio and SM City Marilao and the opening of SM City Dasmarinas and SM City Batangas in 2004. On the other hand cinema ticket sales increased by 11.26% to P1.50 billion from P1.34 billion. Other sources of revenue grew 12.01% to P532.52 million from P475.43 million.[citation needed].
| Name | Opening | Land area (m²) | Floor area (m²) | Location |
|---|---|---|---|---|
| SM City North EDSA | November 1985 | 161,000 | 351,861 including The Block | North Avenue cor. EDSA, Quezon City, Metro Manila |
| SM City Sta. Mesa (formerly SM Centerpoint) | September 1990 | 30,000 | 133,327 | Ramon Magsaysay Boulevard cor. Araneta Ave., Barangay Dona Imelda Quezon City, Metro Manila |
| SM Megamall | June 1991 | 105,000 | 331,679 | EDSA cor. Julia Vargas Avenue, Ortigas Center, Mandaluyong City, Metro Manila |
| SM City Cebu | November 1993 | 161,562 | 268,611 including the new annex | North Reclamation Area, Cebu City, Cebu |
| SM Southmall | April 1995 | 200,000 | 205,120 | Alabang-Zapote Road, Las Piñas City, Metro Manila |
| SM City Bacoor | July 1997 | 88,000 | 116,892 (4th floor is currently closed) | General Emilio Aguinaldo Highway cor. Tirona Highway, Brgy. Habay, Bacoor, Cavite |
| SM City Fairview | October 1997 | 200,000 | 154,183 | Quirino Hwy. cor. Regalado Ave. and Belfast St., Greater Lagro, Quezon City, Metro Manila |
| SM City Iloilo | June 1999 | 175,000 | 101,735 | Benigno S. Aquino Jr. Avenue, Jaro West Diversion Road, Mandurriao, Iloilo City, Iloilo |
| SM City Manila | April 2000 | 25,000 | 166,554 | Natividad Almeda-Lopez (formerly called Concepcion) corner A. Villegas (formerly called Arroceros) and San Marcelino Streets, Ermita, Manila |
| SM City Pampanga | November 2000 | 316,000 | 128,089 (A new annex is already opened) | Olongapo-Gapan Road corner North Luzon Expressway, Brgy. Lagundi, Mexico, Pampangaand Brgy San Jose, San Fernando, Pampanga |
| SM City Sucat (formerly SM Supercenter Sucat) | July 2001 | 65,000 | 98,106 including the new annex | Dr. A. Santos Avenue corner Carlos P. Garcia Avenue Extension (C5), Brgy. San Dionisio, Parañaque City, Metro Manila |
| SM City Davao | November 2001 | 132,000 | 75,440 | Quimpo Boulevard corner Tulip Drive, Ecoland Subdivision, Brgy. Matina, Davao City, Davao Region |
| SM City Bicutan | November 2002 | 18,000 | 112,737 | Doña Soledad Avenue corner West Service Road (beside Exit 14, Bicutan exit), Brgy. Don Bosco, Bicutan, Parañaque City, Metro Manila |
| SM City Cagayan de Oro | November 2002 | 52,000 | 56,288 | Masterson Avenue cor Gran Via St., Brgy. Carmen, Cagayan de Oro, Misamis Oriental |
| SM City Lucena | October 3, 2003 | 80,000 | 78,655 | Maharlika Highway corner Dalahican Road, Brgy. Ibabang Dupay, Lucena City, Quezon |
| SM City Marilao | November 2003 | 203,000 | 88,654 | MacArthur Highway, Brgy. Lias, Marilao, Bulacan |
| SM City Baguio | November 23, 2003 | 80,000 | 105,331 | Luneta Hill, Upper Session Road corner Governor Pack Road, Baguio City, Benguet |
| SM City Dasmariñas | May 21, 2004 | 127,000 | 79,792 | Governor's Drive, Brgy. Sampaloc 1, Dasmariñas, Cavite |
| SM City Batangas | November 12, 2004 | 85,000 | 76,819 | Brgy. Pallocan Kanluran, Batangas City, Batangas |
| SM City San Lazaro | July 15, 2005 | 40,000 | 179,000 | Felix Huertas Street corner Arsenio H. Lacson Extension, Santa Cruz, Manila |
| SM Supercenter Valenzuela | October 28, 2005 | 24,000 | 61,460 | MacArthur Highway, Brgy. Karuhatan, Valenzuela City, Metro Manila |
| SM Supercenter Molino | November 18, 2005 | 48,000 | 48,248 | Molino Road, Brgy. Molino 4, Bacoor, Cavite |
| SM City Santa Rosa | February 17, 2006 | 170,000 | 79,325 | Old National Highway, Barrio Tagapo, Santa Rosa City, Laguna |
| SM City Clark | May 12, 2006 | 176,500 | 98,824.19 | M.A. Roxas Avenue, Clark Special Economic Zone, Angeles City, Pampanga |
| SM Mall of Asia | May 21, 2006 | 195,000 | 386,224 (an annex is further planned) | SM Central Business Park, North Reclamation Area, Bay City, Pasay City, Metro Manila |
| SM Supercenter Pasig | August 19, 2006 | 20,080 | 29,017.12 | E. Rodriguez, Sr. Ave. (C5) corner Dona Julia Vargas Ave., Frontera Verde, Ortigas Center, Brgy. Ugong, Pasig City, Metro Manila |
| SM City Lipa | September 22, 2006 | 103,242 | 72,035 | J.P. Laurel Highway, Lipa City, Batangas |
| SM City Bacolod | March 2, 2007 | 161,096.60 | 61,413 | Rizal Avenue, Reclamation Area, Bacolod City, Negros Occidental |
| SM City Taytay | November 9, 2007 | 92,000 | Manila East Road corner Bulacan-Rizal-Manila-Cavite Regional Expressway, Taytay, Rizal | |
| SM Supercenter Muntinlupa | November 16, 2007 | 52,000 | Km. 29 National Road, Tunasan, Muntinlupa City | |
| SM Supercenter Baliuag | March 2008 | Maharlika Highway, Baliuag, Bulacan | ||
| SM City Marikina | April 2008 | 60,000 | 124,877.85 | Marcos Highway corner East Marikina Riverbanks Service Road, Marikina Riverbanks, Calumpang, Marikina City, Metro Manila |
| SM City Naga | August 2008 | 44,000 [1] | 73,300 [2] | CBD II, Brgy. Triangulo, Naga City, Camarines Sur |
| SM City Calamba | Maharlika Highway, Brgy. Makiling, Calamba City, Laguna | |||
| SM City Tarlac | ? | MacArthur Highway, Brgy. San Roque, Tarlac City, Tarlac | ||
| SM City Urdaneta | ? | MacArthur Highway, Urdaneta City, Pangasinan | ||
| SM City Laoag | 2009 | Laoag City River Banks, Laoag City, Ilocos Norte | ||
| SM Supercenter San Pablo | ? | Rizal Avenue (Maharlika Highway), San Pablo City, Laguna | ||
| SM Supercenter Rosales | October 2008 | 90,000 | Rosales, Pangasinan | |
| SM City Dagupan | ? | McArthur Highway, Dagupan City, Pangasinan | ||
| SM Supercenter Meycauayan | ? | MacArthur Highway, Meycauayan City, Bulacan | ||
| SM Supercenter Tagaytay | ? | Aguinaldo Highway, Tagaytay City, Cavite | ||
| SM Supercenter Tacloban | ? | Tacloban City, Leyte |
- SM North Xiamen
- SM South Xiamen
- SM Chuan (soon to open;under construction)
nortther thiamine 77000
- SM Guam
- 42,000 sq ft. Opened 2006 in the Agana Shopping Center in Hagatna, which SM also bought and repaired after it was severely damaged by Typhoon Pongsona. It is the first SM store on US territorial soil since a previous attempt in the 1970's—before SM had grown into a retail giant.
| Name | Location |
|---|---|
| SAC Rockwell Power Plant Mall | Basement 1 Floor, Rockwell Power Plant Mall, Brgy. Poblacion, Makati City |
| SAC V-Mall Greenhills | Ground Floor, V-Mall, Missouri Street, Greenhills, San Juan City, Metro Manila |
- The Podium - ADB Avenue, Ortigas Center, Mandaluyong City
- SM Quiapo (Clearance Outlet) - Carriedo Street corner P. Gomez and Carlos Palanca, Sr. Streets, Quiapo, Manila
- SM Cubao - Gen. MacArthur cor. Gen. Aguinaldo Avenue, Times Square Avenue, & P. Tuazon Boulevard, Araneta Center, Cubao, Quezon City
- SM Harrison Plaza - M. Adriatico St. (formerly called Dakota), Harrison Plaza, Malate, Manila
- SM Iloilo-Delgado - Valeria-Delgado St., Delgado, Iloilo City (Expansion on-going)
- SM Anilao Beach - Barangay Anilao Proper, Mabini, Batangas
- SM SaveMore Iloilo-Jaro Town Square - Jaro Town Square, Brgy. Quintin Salas, Jaro, Iloilo City
- SM SaveMore Muntinlupa - Festival Mall, Filinvest Corporate City, Alabang, Muntinlupa City
- SM SaveMore Angono - Angono, Rizal
- SM SaveMore Marikina - East Marikina Riverbanks Service Road corner I. Mendoza Street, Marikina Riverbanks, Calumpang, Marikina City
- SM Super Hypermarket Iloilo-Jaro - Jaro, Iloilo City
- SM Super Hypermarket Mabolo - Mabolo, Cebu
- SM Super Hypermarket Carmen - Carmen, Cebu
- SM Super Hypermarket Mactan - Mactan Island, Lapu-Lapu City, Cebu
- SM Super Hypermarket Pasig - Pasig, Metro Manila
 SM City North EDSA with MMDA Overpass within EDSA and North Avenue. |
 SM Mall of Asia Logo outside the mall at nighttime. |
 SM City North EDSA with EDSA upfront. |
 SM Megamall (facing EDSA) seen from the train of Manila MRT heading towards Ortigas Station. |
 SM Megamall at Night with Carpark. |
 Annex 3 or The Block inside SM City North EDSA. |
 The SM Mall of Asia facing Manila Bay. |
 The Manila Bay near SM Mall of Asia. |
 SM Mall of Asia and the Globe at the tip end of EDSA in Pasay City. |
 SM City Baguio and Upper Session Road taken in 2006. |
 SM Megamall Logo Outside the Mall at Daytime. |
 SM City Pampanga and Exit 65 - San Fernando Exit TOLL GATE. |
 SM Mall of Asia Logo inside the mall. |
 South Side of theSM Mall of Asia. |
 SM Megamall Logo. |
 SM City Dasmariñas at night. |
 SM City North EDSA logo. |
 SM Mall of Asia logo outside the mall at daytime. |
 Mall Sign in SM Mall of Asia at night (2nd version). |
 Main Mall Entrance in SM Mall of Asia. |
 Main Mall Atrium Ground Level in SM Mall of Asia. |
 Main Mall Lobby Second Level in SM Mall of Asia. |
 International Ice Skating Rink in SM Mall of Asia. |
 Cinema Complex in SM Mall of Asia |
 Music Hall in SM Mall of Asia |
 SM Science Discovery Center SM Mall of Asia. |
 San Miguel Coca-Cola IMAX Theater in SM Mall of Asia. |
 Bowling Centre in SM Mall of Asia. |
 TasteAsia in SM Mall of Asia. |
 CyberZone (North Parking Building) in SM Mall of Asia. |
 Wellness Center (South Parking Building) in SM Mall of Asia. |
 SM Super Hypermarket in SM Mall of Asia. |
 SM Department Store in SM Mall of Asia. |
 Entertainment Mall in SM Mall of Asia. |
 MetroStar Ferry Terminal - SM Mall of Asia near SM Mall of Asia facing Manila Bay. |
 OneE-Com Center in SM Mall of Asia. |
 SMX Convention Center in SM Mall of Asia. |
 The exterior of The Block in SM City North EDSA. |
 The Block in SM City North EDSA (larger exterior). |
 SM City Classic Main Mall in SM City North EDSA. |
 The Block in SM City North EDSA (walkway). |
 Entertainment Plaza in SM City North EDSA. |
 Main Mall Atrium in SM City North EDSA. |
 Cinema Complex in SM City North EDSA. |
 CyberZone and Carpark Plaza in SM City North EDSA. |
 Hypermarket in SM City North EDSA. |
 Supermarket SM City North EDSA. |
 Appliance Center in SM City North EDSA. |
 Department Store in SM City North EDSA. |
 SM Megamall viewed from Saint Francis Square Entrance. |
 Atrium in SM Megamall. |
 Ice Skating Rink in SM Megamall. |
 Megatrade Hall in SM Megamall. |
 Bowling Center in SM Megamall. |
 Food Court in SM Megamall. |
 Chapel in SM Megamall. |
 Art Center in SM Megamall. |
 The Crucible in SM Megamall. |
 CyberZone in SM Megamall. |
 Bingo Hall in SM Megamall. |
 Cinema Complex in SM Megamall. |
 Department Store in SM Megamall. |
 Supermarket in SM Megamall. |
 Hans Sy, standing behind SM Mall of Asia. |
 SM Mall of Asia's Giant Globe during nighttime. |
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