History
In 1958, Sy's first company, Shoemart (also known as SM), started out as an ordinary shoe store in Carriedo, Manila. Initially, Henry Sy tried to focus on planning and buying big supplies of shoes in the U.S., but his plans began to accelerate as he transformed his ordinary shoe store into a fully air-conditioned department store.
Sy set up a second company, SM Department Store Inc, to begin selling through department stores. He devised the Shoemart sign as SM, which became one of the most recognizable and universal brands in the Philippines. In 1978 Sy began buying supermarkets at the northern end of EDSA in Quezon City. As he built his first mall, SM City North EDSA, by 1994, his companies were listed in the Philippine Stock Exchange, SM Prime Holdings Inc. By 2005, the SM Investments was inaugurated.
Read more about this topic: SM Investments Corporation
Famous quotes containing the word history:
“For a transitory enchanted moment man must have held his breath in the presence of this continent, compelled into an aesthetic contemplation he neither understood nor desired, face to face for the last time in history with something commensurate to his capacity for wonder.”
—F. Scott Fitzgerald (1896–1940)
“It may be well to remember that the highest level of moral aspiration recorded in history was reached by a few ancient Jews—Micah, Isaiah, and the rest—who took no count whatever of what might not happen to them after death. It is not obvious to me why the same point should not by and by be reached by the Gentiles.”
—Thomas Henry Huxley (1825–95)
“Jesus Christ belonged to the true race of the prophets. He saw with an open eye the mystery of the soul. Drawn by its severe harmony, ravished with its beauty, he lived in it, and had his being there. Alone in all history he estimated the greatness of man.”
—Ralph Waldo Emerson (1803–1882)