Because of the heavy traffic along Epifanio De Los Santos Avenue (EDSA), retailers lose P2.5 billion daily in income, according to a Philippine Retail Association (PRA) executive.
Samie Lim, PRA chairman, said the traffic along EDSA and other major roads discourages people from going shopping, thus reducing the income for malls.
Lim cited National Economic and Development Authority reports that retailers lose P2.5 billion a day because the EDSA gridlock either prevents or delays people from going to malls.
About 300,000 vehicles pass through EDSA everyday.
Retailers and malls “tend to consume energy and labor in the morning without much customers coming in [so they lose resources],” Lim said.
One solution, he said, is for malls open at 10:30 a.m or 11 a.m. so that retailers, mall employees and even shoppers would not contribute to the heavy influx of people rushing to reach their offices or schools in the morning.
Malls usually open at 10 a.m.
Lim said the country does not have a road map for the retailing industry.
“Private sectors here are afraid to speak out because they are afraid that the government would get back at them,” he said.
“Many retailers find it difficult to survive,” Lim said.