The Manila Times

Opinion

  Home  

  About Us  

  Contact Us 

  Subscribe     Advertise  
  Archives     Feedback  

  Register  

  Help  

  Top Stories

  Metro

  Business

  Regions

  Opinion

  World

  Life & Times

  Sports

  Tech Times

 
 
 

Tuesday, July 29, 2008

 

MISSION IMPOSSIBLE
By Marit Stinus-Remonde
The importance of sari-sari stores


We all know the uniquely Philippine sari-sari store. If we live in the city, it’s the place where we pick up the little items we forgot to buy at the supermarket, or the items that are heavy to carry such as vinegar, eggs and soft drinks. Or, if we are on a trip to the province, the sari-sari store is the place where we stop for a light snack.

Years ago, sari-sari stores were popular livelihood projects. However, it was later realized that keeping sari-sari stores were more of a way to spend idle time than actually generate an income. How could anybody make any significant profit with a store on every corner of the neighborhood, the stores competing with one another for the same few customers? The sari-sari store was further doomed to oblivion with the growing number of supermarkets and modern convenience stores.

However, the sari-sari store is still here. Last July 25, about 1,500 sari-sari store owners gathered at the Cebu International Convention Center in Mandaue City. These sari-sari store owners are customers of Prince Warehouse Club, a major retail store chain in Cebu. They buy their stocks of shampoo, whitening soap and efficascent oil, canned goods, toilet paper and sanitary napkins, hotdogs and tocino, 3-in-1 coffee and sikwati, soft drinks, bottled water, and liquor, laundry soap, shoe shine, and more in Prince Warehouse, their purchases conscientiously recorded by the supermarket. Once the customer reaches P50,000 worth of purchases, she gets a rebate. Together these about 7,000 sari-sari store owners, who purchase their supplies at Prince Warehouse Club, form the Sari-Sari Store Society.

According to Robert Go, President of Prince Warehouse Club, the sari-sari stores have become even more relevant in our current times of crisis. Cash-strapped Filipinos prefer to buy the small packs—the sachets—rather than bigger packs or bottles. Yes, shampoo and instant coffee are usually cheaper when you buy a bottle rather than a sachet, but you might use too much of it. The sachet ensures that the correct quantity is used and nothing goes to waste.

The government has recognized the importance to the economy and employment of the informal sector, including the sari-sari stores. The micro, small and medium enterprise sector make up 99.6 percent of all registered business enterprises. The sector accounts for 70 percent of total employment. As of March, loans to this sector had reached almost P220 billion. Loans and technical assistance from the government and its private sector partner, the Philippine Center for Entrepreneurship, have enabled many informal sector establishments, including sari-sari stores, to grow, diversify and prosper.

Spanish classes

In the case of Robert Go’s Prince Warehouse Club—with four outlets in Metro Cebu and Danao City—the importance of the sari-sari stores is obvious. The sari-sari stores in effect are neighborhood branches of the supermarkets. Taking care of this group of customers to ensure that they return and spend more money, makes good business sense. The one-day Sari-Sari Store Society Festival offered lectures, raffles, games, entertainment, food, fun and fellowship.

Spanish Ambassador Luis Arias Romero and his lovely wife Soledad de Arias were in Cebu to celebrate the annual Dia de Santiago, the Feast of St. James. The Spanish government is currently expanding its diplomatic representation in the Philippines, the ambassador told the guests at a dinner party, and this at a time when other European countries have closed their embassies or plan to do so. The Spanish and Philippine governments have signed a number of agreements, the latest a sports cooperation agreement. According to information posted on the internet, this program was proposed by Senator Ed Angara and Senator Jose Manuel Barquero of Spain under the RP-Spain Agreement on Parliamentary Cooperation. The Program for Sports Cooperation seeks to promote the spirit of friendship, solidarity and fair play among athletes in the two countries.

There is a growing interest among Filipinos to learn Spanish, and not for nostalgic reasons—Ambassador Luis Arias Romero pointed out the increasing demand for Spanish language skills in the world, especially in the USA. The Filipinos who enroll in Spanish classes and the sari-sari store owners who fill their baskets with groceries at Prince Warehouse Club could well be driven by the same economic necessity: the need to acquire additional skills to land a well paying job; and the need to buy the cheapest supplies to earn a better margin.

opinion@manilatimes.net

   
 

The PSE-Manila Times Equity Challenge 2008

Phgifts

philflora.gif

Manila Times Friends

Sponsored Links
 

Back To Top

 
 
 


Powered by: 
The Manila Times Web Admin.

  

Home | About Us | Contact | Subscribe | Advertise | Feedback | Archives | Help

Copyright (c) 2001 The Manila Times | Terms of Service
The Manila Times Publishing Corp. All rights reserved.

Hosted by: