As this post travels and bikes, it is observed that the construction of retail convenient stores is on the rise. The experience of this post is that retail margins are paper and even blade thin. Couple this with high
power costs high labor costs due to night differential, security cost and theft from shoplifting and you can see that risks are high.
Or the business model is that of a convenience stores where margins could be 15% to 20%
See the folding up of many retail stores in US closing by the thousands (being replaced by on line stores)
Is the situation in the Philippines markedly different.? Will the stores survive?
