SM Quiapo

SM Quiapo

The facade of SM Store Quiapo as SM Clearance Outlet in June 2024
Location	Carlos Palanca Street, Quiapo, Manila, Philippines
Coordinates	14°35′55.09″N120°58′54.60″E / 14.5986361°N 120.9818333°E / 14.5986361; 120.9818333
Opening date	1958;67 years ago (1958) (as Shoemart)
Management	SM Investments
Anchor tenants	1
Floors	4
Public transit	Carriedo

SM Quiapo (also known as SM Clearance Outlet and SM Carriedo) is one of the oldest SM branches, located in Metro Manila. Contrary to urban legands, the first SM store is not located at the present SM Clearance Outlet, but rather in an undisclosed store along Rizal Avenue under the trademark "ShoeMart" till they relocated to another small store along Carlos Palanca street and eventually settled at the present site in 1982. ShoeMart soon expanded and officially opened SM North Edsa, its first air-conditioned mall located at Quezon city in November 8, 1985.

The current occupied structure was once the Manila Royal Hotel; opened in 1971 and was famous for having one of the first circular viewing deck and revolving restaurants in the country; others being the Hotel Enrico (1971) located in Ermita, Manila and the Mutya ng Pasig Tower (1974) in Pasig city. Due to the economic collapse of the 1980s, the hotel eventually closed doors while the podium was rented out.

The store was owned by the Chinese-Filipino billionaire Henry Sy and it is currently being managed by SM Investments's foundation, SM Department Store Inc. The store has been renovated and relaunched under the name SM Clearance Outlet.

History

Henry Sy established shoe stores in Manila which were Plaza, Paris and Park Avenue which started with letter "P" prior to establishing the store that would be known as SM Quiapo. In 1958, he established a shoe store in Carriedo, Manila, which he named Shoemart after he was not able to come up with a name starting in "P". ^[1]

The store was later expanded and began to sell clothes and accessories aside from just shoes. In 1972, Shoemart was expanded and became the first SM Department Store. ^[1]

See also

• SM North EDSA

References

1. Zulueta, Lito (4 November 2007). "Sanso mural hails 70-year friendship with Henry Sy". Philippine Daily Inquirer. pp. A1, A19. Retrieved 6 February 2016.