Rhodora Santos, who owns a shoe business, said she lost about P3 million worth of shoe stocks when floods entered the stockroom located at her home in Provident Village, Marikina City.
Though the shoe surfaces were warped by the water, she simply cleaned up the shoes and sold them at more than half their original price.
A customer named Ryan Sales bit the bullet and bought flood-damaged shoes that originally cost P1,000 but were being sold for P250.
"Kahit basa pa, okay lang dahil pwede naman patuyuin ito at wala rin naman [akong] budget. (Even if the shoes are wet, it's okay because I can dry them. I also don't have [much] budget [for shoes]," Sales said.
Prior to the typhoon, Marikina's shoe industry was considered a significant cottage industry, contributing about 10% to the city's economy.
The floods may have incapacitated the industry, that had also been affected by the entry of cheap, possibly smuggled shoes from China.
Marikina 1st District Rep. Marcelino Teodoro said the typhoon also destroyed inventories that were being prepared for the Christmas season.
He said the industries need microfinancing assistance and incentives from the city government.
Shoes aren't the only goods being sold at dirt-cheap prices, as flood-damaged school supplies and food stuffs also went on sale.
Madonna Abella, a school supplies trader, said she lost P500,000 worth of inventory in the storm.
To recover her losses, she is selling pencils, sharpeners, and other school supplies she saved from the floods at 70% off.
Even stocks of rice that were submerged in the floods are being sold as animal feed.
Marikina City was one of the hardest-hit areas by the storm in Metro Manila, where at least 78 people were killed in the floods. Report by Apples Jalandoni, ABS-CBN News. With reports from Carmela Fonbuena, abs-cbnNEWS.com/Newsbreak.
Source:http://ph.news.yahoo.com/abs/20091006/tph-70-off-in-marikina-shops-after-ondoy-85c5a6c.html
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