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Shopping malls play an important role in the Philippine economy.Major Philippine mall chains include SM Supermalls, which has over 86 shopping malls around the country, and Ayala Malls, which has 31 shopping malls nationwide.
SM Supermalls, or simply SM, is a chain of shopping malls owned by the Philippines-based SM Prime. As of February 2025, it has a total of 95 malls (87 in the Philippines and 8 in China). It also has 13 malls under construction (5 in the Philippines and 2 in China). It was formerly known as Shoemart.
SM City San Mateo is a shopping mall owned by the largest mall developer in the Philippines, SM Prime Holdings. It is located along Gen. Luna Avenue, Brgy. It is located along Gen. Luna Avenue, Brgy. Ampid 1, San Mateo , Rizal .
This article lists the largest shopping malls in the Philippines by gross floor area. SM Prime Holdings is the largest shopping retail operator in the Philippines with 78 operating malls totaling a gross floor area of 4.5 million square meters nationwide. [1]
SM Retail has ownership over SM Supermarket, SM Hypermarket and Savemore chains which would later be called collectively as SM Markets. [8] [1] It also owns SM Store department stores and food retail stores under Walter Mart and Alfamart (joint venture between SM and the Indonesian-based mini-mart/convenience store chain for Philippine franchise).
Construction for SM Southmall began in early 1994. The mall later opened on April 2, 1995, and is the first SM Supermall in the southern region of Metro Manila and the 5th SM Supermall ever built by Chinese-Filipino businessman, Henry Sy.
Prior to the Pacific War, Escolta Street was also home to the city's first standalone department stores, including H.E. Heacock, until then the largest department store in the Philippines, opening in 1900, and the Aguinaldo Department Store, the most premium store in the Philippines opening in 1921. Other notable stores in the 1920s and 1930s ...
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