The SM Group of Companies continues to grow, guided by the vision of its founder to fulfill the needs of Filipinos.
Henry Sy, Sr., affectionately called “Tatang” by those who knew and loved him, built his business empire from scratch when he recognized the Postwar Filipino’s need for dignity.
After the Second World War destroyed and burned down his father’s sari-sari stores, Tatang found himself without a business, and without a clue about how to start again.
As a result of widespread bombing and street fighting during the final months of the War, Manila was among the most destroyed cities in the world. Amid his ravaged surroundings, Tatang observed how the hardships of the previous years had taken their toll on Filipinos.
Like Tatang himself, many of them lost everything, down to their shoes. They had resorted to walking around barefoot. He then realized that shoes were an important symbol of a person’s dignity—the dignity millions had lost during the war.
Amid this loss, and in the wake of his own personal setbacks, Tatang found for himself a new dream: shoes for every Filipino.
He put up a small store called Plaza Shoe Store in 1948 and later Park Avenue in the 1950s that began selling shoes at affordable prices to Filipinos who, like him, were eager to start their lives again.
His store achieved modest success and this prompted him to look for larger and more steady sources of shoes. Thus, he decided to pay a visit to the United States, not just to look for suppliers, but also to closely study and understand the world of retail and marketing in New York, Boston and other European markets.
There, Tatang visited large department stores and trade fairs, eager to learn more. This was also because he harbored a larger vision of establishing not just one store, but a whole chain of them.
In 1958, on Avenida Rizal, he opened a new shoe store under a new name: Shoemart. It would be followed by another on Carriedo Street—and then another, and another.
In the late 70s, as his stores grew in size and scale, his shoe store would become a department store, just like those he had seen in America. Tatang renamed his stores from Shoemart to SM.
As for Tatang’s business, it has more than survived. It has flourished for over six decades, with over 3,300 retail stores and outlets all over the country, serving tens of millions of Filipinos and global customers.
The SM Group continues to be inspired by the needs and the dreams of the many generations of stakeholders it serves, not just through malls and stores, but through residential communities, financial institutions, smart and sustainable developments.
Tatang’s original vision, itself inspired by the needs of his fellow Filipinos, lives on in everything SM creates and nourishes. On this Super Month of October, Tatang’s birth month, it is one of the things we celebrate at SM: the value of nurturing a vision.
The SM Super Month campaign is SM’s biggest celebration across its well-loved retail brands, SM Supermalls, SM Store and SM Markets for the whole month of October.
It is a time when SM honors its roots by sharing the legacy of its founder, Henry "Tatang" Sy, the visionary behind one of country's biggest conglomerates today, during his birth month.