Chain Store Invests $ 8 Million in Guatemala

As part of its expansion plan, Cemaco will open three new stores in 2011.

Wednesday, February 23, 2011

On March 18 it will open a new store at the Mall Flores del Lago.

Maria Fernanda Jaramillo, executive vice president of the company, told Prensa Libre that "an express format will be created by the middle of this year at the Avenida de las Américas, in area 13.... The expansion plan also includes opening a store on route to the Atlantic...".

More on this topic

Chain Stores Plan Expansion in Costa Rica

July 2012

The Salvadoran Siman Group, a conglomerate that operates franchises for Zara, Zara Home and Massimo Dutti and the department stores Aliss, Yamuni, Carrion and Ekono has announced expansion plans.

In 2013 the Siman Group will open a new 10,000 square meter store in the new stage of Multiplaza del Este Mall which will generate 250 jobs.

GAP Comes to Panama

February 2012

The GAP clothing chain will open its first store in Panama in late February.

This opening in the new phase of Albrook Mall, marks the start of expansion into Central America and the Caribbean.

The company plans to open two more stores this year in Panama, one in Metromall and one in Multiplaza.

Cemaco Stores Expands in Costa Rica

November 2010

With a $ 5 million investment the company opened its fifth store at Paseo de las Flores shopping center.

With an area of 4,000 meters, the store includes three concepts: Cemaco Home, Bebemundo and Jugueton.

"The opening of this outlet generated at least 80 new jobs. This represents a considerable benefit considering we have had a year marked by high unemployment rates," noted Marianela Beltrán, marketing coordinator of Cemaco to Elfinancierocr.com.

Panama´s Retail Industry Grows

October 2010

The 9% growth in retail of the first half of 2010 drives expansion of big chains.

Among expansion plans, Doit Center will open this month its 14th branch.

Panafoto plans to open two stores this year at Vía Centenario Mall and next to David, Chiriqui.

Rafael Berrocal, in his article for Prensa.com, reports "also Cochez and Company, the construction materials and household items store chain, plans to open soon its branch number 14th in Chitre, Herrera."

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