The new stores of the chain, branded "AM-PM" and "Fresh Market", will be located in the Great Metropolitan Area, and will create some 80 jobs.
"Armando González, CEO of the chain, and Gastón Margery, COO, explained that the decision to expand the brand in the Metropolitan Area is in response to both market studies that show the potential of the area, and to the success of the company", wrote Sergio Arce A. for Nacion.com.
In the last five years in Costa Rica the number of these types of outlets has increased by over 30%, and companies in the sector project continued growth in the medium term.
Sales at the 141 convenience stores operating in the country, according to figures from Euromonitor as reported by Nacion.com, have also grown significantly in the last 5 years, going from $44 million in 2010 to $178 million in 2015.
Ongoing and projected investments indicate that there is still room for small and medium enterprises.
Small and medium sized supermarket chains are expanding in the greater metropolitan area.
One example is Super Mora, a mini chain of supermarkets from Puriscal which in 2014 will be expanding into Santa Ana, where there are plans to invest $3.7 million in the construction of a 7000 m² square which will include a main supermarket, commercial stores and parking areas. Super Mora is known to be competing with Auto Mercado, which recently opened a 2,600 m² store in Escazu.
After 57 years, Super Selectos, owned by the Salvadoran Grupo Calleja, is the only retail chain with local capital left. It has 80 stores and 5,300 employees.
Circa 1951. The city folk would shop at the market. The supermarket concept did not exist. To explore this niche, Agustin Alfaro Moran copied the idea of a store that would sell retail refrigerated products in El Salvador.
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