For the past 20 or so years, Happy Valley Supermart has been an important and influential part of the local community, serving Olongapenos, and recently, Subic and Iba.
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| Happy Valley bounced back after a 2009 fire but failed to compete with national brand stores |
I am saddened to hear that the rising competition from bigger, national brand stores like Ayala and SM, are forcing local stores to close. On that note, Happy Valley Superstore is going out of business.
Local businesses are essential to our community. They help define the local identity. While I agree that a community needs a little bit of competition so as to inject change and improve existing and accepted ways of doing business, I hate to see national brand businesses monopolize and just take over this community.
National stores kill competition and effectively destroy the local entrepreneurial spirit. Local businesses should find ways to cooperate with each other through merging together or other means to create competitive businesses and bigger stores that can go toe-to-toe and head-to-head with the likes of Ayala and Sy. Only through by helping each other can local businesses compete with these giants and retain local pride.
Just my 25 centavos on the matter which could actually be worth a billion pesos.
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