The store opening in El Salvador will be the first outside the United States and Mexico driven by Grupo Carso.
Elsalvador.com reports that, "Sears will be another department store run by Mexican firm Grupo Carso, which president is tycoon Carlos Slim. In 2004, the firm made an strategic alliance with Grupo Roble and have developed strong business in the country, invested millions of Dollars as well as created hundreds of jobs."
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This new store joins, in Central America, the ones already operating in Guatemala and Honduras.
The department store opened at the Multiplaza mall.
Laprensagrafica.com reports "... it will offer its customers innovative credit programs, one of the most complete with unique benefits."
The Guatemalan chain announced a partnership with Corporación Multi Inversiones for the opening of new stores.
Eight new stores, which will join the 17 already existing, will open in Guatemalan territory.
Walter De La Cruz, CEO of Barista told Prensalibre.com that "... through this alliance, we expect to open the first store outside national territory, in the Salvadoran capital."
With an estimated investment of $ 12 million this year, the Venezuelan chain opens its first store in El Salvador.
Located in the municipality of Soyapango (seven miles east of San Salvador), the hardware store will open next May, employing 190 people.
Ignacio Vieto, general manager of the chain in Costa Rica, also referred to the forthcoming opening of the fourth store of the chain in Costa Rica, located in Colima de Tibas.
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.