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coach coach handbags man from Jinjiang, China, the idea of opening his own shoe store.This was how Henry Sy, Sr. came to be the founder of the Philippine's largest retailing company known as SM. The acronym stands for Shoe Mart, the name of the small shoe store business he started in 1958 at the "Avenida", which was Manila's most popular commercial district during the post war era.Initially, however, the young businessman encountered difficulties in finding a local shoe manufacturer who would cooperate with his ideas on the kind of shoes to sell. He was quite determined and confident in pursuing his plans because they were mostly based on his own research. He continuously learned from his customers, his employees, and his suppliers and practically studied the growing needs of the Philippine market.Henry never lost sight of his goals even as he succeeded with his shoe store venture; he pursued a college degree in one of Manila's top universities, because education for Henry was a means to learn more ways on how to augment his income.Today, after more than 50 years, the shoe store has evolved into becoming a network of 44 large scale shopping malls not only in the Philippines but throughout Asia and lays claim to three of the world's top ten shopping centers: the SM City North EDSA (ranked 3rd), the SM Mall of Asia (ranked 4th) and SM MegaMall (ranked 7th), which are all located in the Philippines. The malls have become typical destinations for family weekend recreation and leisure regardless of social stature, since the stores are strategically scattered throughout the country.Henry Sy, Sr. was listed by Forbes in its