SM Supermalls, or simply SM, is a chain of shopping malls owned by the Philippine-based SM Prime. As of October 2025^[update], it has a total of 97 malls (89 in the Philippines and 8 in China), with nine more under construction (seven in the Philippines and two in China). It was originally known as Shoemart, from which the name SM is derived.

SM Supermalls was pioneered by Henry Sy, a Chinese-Filipino businessman whose roots traces back to Fujian. Sy opened his first shoe store in Quiapo in 1948 and later the first store under the Shoemart (SM) name in 1958 along Carriedo. In 1972, Shoemart turned into a full-line department store.

In 1985, the company ventured into the supermarket and home appliance store business. It opened the first "Supermall" in the same year named SM North EDSA in Quezon City.

SM expanded abroad with the opening of its first branch in China in 2001. The mall is SM City Xiamen in Fujian.

Due to the COVID-19 pandemic, the company's revenue was down nearly 50% in 2020, though it claims to have maintained a healthy occupancy rate throughout the pandemic.

Currently, there are 89 shopping malls in the Philippines managed by SM Supermalls, including the latest addition, SM City La Union, which opened on October 17, 2025. It also has nine malls in China, including the most recent mall, SM City Xiamen Haicang, which opened on October 24, 2025. SM North EDSA in Quezon City, SM Mall of Asia in Pasay, SM Megamall in Mandaluyong, and SM Seaside City in Cebu City are among the largest in the Philippines. and also among the largest shopping malls in the world.

SM Cinema is the movie theater chain of SM Supermalls. Originally operating under West Avenue Theatres Corporation, it is also responsible for some milestones in the Philippine film industry.

Aside from traditional cinemas, SM Cinema offers the Director's Club, IMAX, Large Screen Format, Centerstage, and SM Event Screen.