# SM Retail
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{{Short description|Philippine retail holding company}}
{{Use mdy dates|date=November 2022}}
{{Use Philippine English|date=November 2022}}
{{Infobox company
| name = SM Retail Inc.
| logo = SM Retail Logo(2022).svg
| type = [Subsidiary](/source/Subsidiary)
| industry = Retail, wholesale
| founded =
| key_people = [Teresita Sy-Coson](/source/Teresita_Sy-Coson) (Chairperson)
| parent = [SM Investments Corporation](/source/SM_Investments_Corporation)
| subsid =
| location = SM Retail Headquarters Complex
Sunrise Drive Cor. Bayshore Ave., JW Diokno Blvd., [Mall of Asia Complex](/source/SM_Mall_of_Asia), [Pasay City](/source/Pasay), Philippines
| revenue = {{increase}} {{Philippine peso|276.5 billion|link=yes}}[{{cite web|title=2016 SMIC Annual Report|url=http://www.sminvestments.com/sites/default/files/reports/2016%20SMIC%20Annual%20Report.pdf|access-date=May 1, 2018|pages=13–18|date=2016|archive-date=February 5, 2018|archive-url=https://web.archive.org/web/20180205124602/http://www.sminvestments.com/sites/default/files/reports/2016%20SMIC%20Annual%20Report.pdf|url-status=dead}}]
| revenue_year = 2016
| net_income = {{increase}} {{Philippine peso|10.6 billion|link=yes}}[{{cite news|last1=Austria|first1=Jennifer|title=SM Retail eyes 500 Alfamart stores|url=http://manilastandard.net/business/corporate/235518/sm-retail-eyes-500-alfamart-stores.html|access-date=May 1, 2018|work=Manila Standard|date=May 1, 2017}}][{{cite web|title=Company Overview of Sm Retail, Inc.|url=https://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapId=184280039|website=Bloomberg|access-date=May 1, 2018}}] SM Retail has been a member of the [International Association of Department Stores](/source/International_Association_of_Department_Stores) since 2009.[{{Cite web|title=SM Retail|url=https://www.iads.org/web/home-public/2318-sm-retail.php|access-date=April 22, 2021|website=www.iads.org}}]
==History==
The company was founded by [Henry Sy, Sr.](/source/Henry_Sy) on January 15, 1960. Initially, he named his business Shoemart and focused on buying large supplies of shoes from the United States. His business grew until he was able to open a department store. He named his second company SM Department Store Inc.[{{Cite web|url=https://www.companieshistory.com/sm-investments/|title=SM Investments|date=August 5, 2013|website=Companies History - The biggest companies in the world|language=en-US|access-date=March 23, 2020}}]
In 2006, the board of directors of the [SM Investments Corporation](/source/SM_Investments_Corporation) announced that it will undergo a [corporate restructuring](/source/corporate_restructuring). Under the restructuring, two companies were established: SM Retail Inc. and SM Land Inc. The SM Supermarket, SM Hypermarket, and SM Department Store (now SM Store) retail chains were placed under the ownership of SM Retail while SM Land Inc. is responsible for managing the real estate assets of the parent corporation. [SM Prime Holdings](/source/SM_Prime_Holdings) remains the sole operator of the SM Groups' [SM Supermalls](/source/SM_Supermalls) shopping mall chain (SM Prime later bought out and merged SM Group's land property division (SM Land) in 2013, which owns SM Development Corporation, Highlands Prime, Inc., SM Hotels and Convention and SM Commercial Properties Group).[{{cite web|title=SM Corp. restructures to simplify ownership|url=https://smprime.com/sm-corp-restructures-simplify-ownership|publisher=SM Prime Holdings|access-date=May 1, 2018|date=August 10, 2006}}] In 2016, SM Retail through Macquarie Capital underwent a merger with various local retailers.[{{cite news|last1=Gonzales|first1=Iris|title=SEC approves retail merger in SM Group|url=https://www.philstar.com/business/2016/07/13/1602183/sec-approves-retail-merger-sm-group|access-date=May 1, 2018|work=The Philippine Star|date=July 13, 2016}}]
==Retail brands==
SM Retail has ownership over SM Supermarket, SM Hypermarket and Savemore chains which would later be called collectively as SM Markets.[{{cite web|title=SM Markets|url=http://www.sminvestments.com/sm-markets|publisher=SM Investments Corporation|access-date=May 1, 2018}}]