Connect with us

Hi, what are you looking for?

Captain Of Success
Top Stories

Stock Markets

Sari-sari stores near schools reach 102,000

A vendor sits in a stall selling products in sachet packaging at a public market in Manila, Philippines, Aug. 1, 2019. — REUTERS

MOM-AND-POP stores, also known as sari-sari stores, located near schools have reached 102,058 by June, a study by tech startup Packworks.io showed.

It added that stores within a 400-meter radius of schools grew by 31% to 95,000 last year from 71,000 a year prior.

“This trend reveals a deeper story: in rural regions, these stores are experiencing a significant increase in sales and transaction volume,” it said.

According to Packworks, most sari-sari stores near schools are located in the rural regions, particularly in the Zamboanga Peninsula; Cordillera Administrative Region; northern Mindanao; eastern Visayas; and western Visayas.

Aside from their growing numbers, sari-sari stores also recorded a 130% increase in sales in July last year, coinciding with the beginning of classes on July 29, 2024.

“For the current school season in 2025, stores generated a 71% sales spike in June, with the school year starting on June 16,” Packworks said.

Total sales of school supplies increased by 9% from 2023 to 2024, while the overall gross merchandise value (GMV) last year declined 3% to P1.31 million.

“Our latest findings show that the country’s ‘tingi’ economy extends beyond household commodities to school supplies as well,” said Packworks Chief Data Officer Andoy Montiel.

“The contradiction between the increase in sales transactions and the decrease in the overall GMV between 2023 and 2024 indicates that sari-sari stores, especially those in rural areas, are not just participating in the back-to-school season but strategically adapting to it with a model that works for their communities,” he added.

According to Packworks’ data, pad paper was the top-selling item in sari-sari stores, which had a 7.4% spike in GMV sales from 2023 to 2024.

Other top-selling school products were colored pencils, bond paper, paper glue, and correction tape. — Justine Irish D. Tabile

    You May Also Like

    Finance

    Trump Media and Technology Group (TMTG) has struck a deal to broadcast GB News on its US-based streaming platform, Truth+, in a move that...

    Finance

    Maven Capital Partners has invested £1.5 million in Blueskytec, a cybersecurity hardware specialist, through the British Business Bank’s South West Investment Fund. Blueskytec develops...

    Finance

    A Hardback Journal offers more than just durability; it is a trusted companion in your journey toward emotional clarity, positivity, and mental well-being. At...

    Finance

    Parents at Britain’s leading private schools have prepaid more than £500 million in school fees to avoid Labour’s new 20 per cent VAT charge,...

    Disclaimer: CaptainOfSuccess.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice.
    The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.