'Sin' products: Sari-sari stores suffer drop in cigarette, liquor sales

'Sin' products: Sari-sari stores suffer drop in cigarette, liquor sales

MANILA, Philippines — Sari-sari stores saw a drop in sales of cigarettes and liquor last year, falling by 12 percent and 17 percent, respectively, amid higher excise taxes on these so-called “sin” products. Latest findings released Thursday by local tech startup Packworks, using data from its mobile sari-sari store app and business intelligence tool Sari

Sari-Sari Stores See Drop In Sales of Cigarettes, Liquor in 2024 Amid Inflation, Sin Taxes - Packworks Study

Manila, Philippines — Sari-sari stores, or the neighborhood mom-and-pop stores, saw Filipinos feeling the brunt of the increasing prices of cigarettes and alcohol in 2024.This is the latest finding from tech startup Packworks, through its mobile sari-sari store app and business intelligence tool Sari IQ, which looked at the sales transactions from its network of over 300,000 sari-sari stores nationwide.Packworks observed a downward trend in the …