| | Acronym of SM Mall
Undisputedly SM's chain of malls is the most famous department store in the Philippines. We perhaps all heard the rags to riches success story of SM. But have you ever wondered what does SM stands for? I donít know too. Let us briefly go over with their history, SM started way back in the 60ís as a humble little shoe-making and repair shop in Cariedo, Quiapo. The owner called this store Shoe-Mart in short SM. The years of 70ís rolled for SM then around 80ís the mall era has began. And during these years SM or Shoe-Mart became a department store and started including other services like supermarket, food court, and other retail store format. And during the 90ís the little store that all began in Quiapo has became the the MegaMall in Mandaluyong and this has started the mall-culture in the Philippines.
As of to date three SM malls have gotten a spot in the 10 largest shopping malls in the world based on its gross leasable area (GLA). Third place is SM City North EDSA with 4.74 million sq. ft. GLA, fifth place is SM Mall of Asia (MOA) having a 4.67 million sq. ft. GLA, and the eighth placer is SM Megamall having 3.75 million sq. ft. GLA. And if you will extend the list up to top 15, SM Cebu is on the twelfth place having a 2.8 million sq. ft. GLA.
Now going back to my question earlier what does SM stands for? Obviously it cannot be Shoe-Mart anymore!
I hope somebody can post here in the forum the meaning of S.M. acronym.