Ever Wondered Why There Are No Mercury Drugstores In SM Malls? Find Out The Reason Here!
Over the years, people are wondering why they can’t find any Mercury Drug inside SM Malls.
Henry Sy Sr., who pioneered the establishment of SM Stores is a Chinese Filipino business tycoon is now listed as no. 1 billionaire in the Philippines.
The man behind the number 1 mall in the country was an ambitious man in his youth. He wanted so bad to be rich and so he tried a lot of businesses but most of them failed. Henry then taught of another business and an idea crossed his mind. The young businessman dreamed of having a small shoe store.
Getting customers has been a struggle for him but he noticed that Mercury Drug, which has been in the business for so many years, has many customers coming in and out of their store so Henry approached the owner and asked if he can rent and place his small show store there even in a small space. Unfortunately, the owner declined his request.
With this incident, Henry promised himself that he should no longer let himself be embarrassed and promised to never let Mercury Drug step into his life in the future, once he become rich.
In 1958, Mr. Sy made his dream a reality with an established shoe store in Quiapo, Manila, the 1st ever SM Mall in November 1972.
Looking back, you couldn’t imagine that the richest man in the Philippines suffered from this terrible incident that maybe triggered him to strive more.
Now, because of his determination and persistence, he is now owner of numerous malls, supermalls and supermarkets in the country and owns 6 malls in China and 1 SM Mall in Guam.
You can observe that Watson’s is inside all SM Stores, which could be the mall’s alternative for Mercury Drug.