VOL. 7 ISSUE 155 • SUNDAY - MONDAY, OCTOBER 19-20, 2014
www.edgedavao.net
EDGEDAVAO Serving a seamless society
Retailing in Davao By the Edge Davao staff
SM: Raising the bar in Davao NCCC soars to greater heights What’s new at Abreeza Mall: Fashion, food, gadgets, and more Nova Tierra Square: Convenience and quality Shop ‘till you drop!
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HE RETAILING market of Davao City and its burgeoning adjacent cities and towns, buoyed by the Dabawenyos’ ever-growing purchasing power, continues to be a force in the local economy and a formidable source of tax revenues of local government units.
A recent government report indicated that the growth in retailing is boosted by the country ’s booming economy which soared to new heights in 2014 after the country was again granted investment ratings. In Davao, as in most of the country’s capital cities, the people’s purchasing power continued to grow stronger partly due to a number of factors – higher remittances from Overseas Filipino workers and incomes from growing employment by the business processing outsourcing (BPO) companies. Added to this is the fast recovery of the area’s Cavendish banana plantations which have been destroyed by recent natural disasters such as the super typhoon Pablo (international code-
name Bopha) and the rise of new agricultural products such as coffee, cacao, corn and coconut. Money in circulation from the plantations’ wages every month is in the billions of pesos. This impacts tremendously on the workers’ purchasing power and disposable income. RETAILING 101 “Retail is the sale of goods and services from individuals or businesses to the end-users,” according to former Edge Davao associate editor in an article written for the first special supplement on retailing in Davao on March 6, 2013. “Retailers are part of an integrated system called the supply chain,” he said, adding that “a retail purchases goods or products
FRETAILING, S13
Inside SM Ecoland
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NCCC
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Abreeza
Tierra Page 6 Nova Square
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