Retail supermarkets Corporación Megasuper opening supermarkets Business and Investment Walmart Walmart Central America retail Ana Teresa Vásquez Auto Mercado Cámara de Comerciantes Detallistas (Costa Rica) Grupo Empresarial de Supermercados S.A. Olímpica SA Automercado Competency

Supermarket Chain Invests $30 Million in Costa Rica

The Colombian company, Olímpica, owner of Megasúper, is to invest in remodelling its chain of stores.

Monday, April 25, 2011

Wálter Vega, Megasúper commercial vice-president, has stated that the company has already invested $20 million in improving 10 of its supermarkets and during the remainder of 2011 will target a further $10 million to revamp other stores.

Vega added that the chain is looking into the profitability of its stores to evaluate their outlook, according to Nacion.com. He also explained that the Colombian owning company has not ruled out widening its operations in Costa Rica.

Source: Nacion.com

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Key entities

Corporación Megasuper Olímpica SA Wálter Vega

Countries

Costa Rica Colombia

Insight

supermarkets Retail Business and Investment

Costa Rica: Growth in Supermarket Business

October 2017

Automercado has inaugurated a new point of sale in Guadalupe, San José, and next year it plans to build another in Curridabat, in the east of the capital.

The supermarket which opened its doors in Guadeloupe, required an investment of $1 million, and is the 21st point of sale of the chain Automercado. Representatives explained that "...This is the second supermarket inaugurated under this brand name in the course of 2017 (another opened in Santo Domingo de Heredia last January), thus fulfilling the number of openings planned in the expansion plan from 2016 to 2024."

Supermarkets As Seen From Within

December 2015

The president of one of the largest supermarket chains in Costa Rica speaks about investments and the bureaucratic obstacles the sector has to deal with.

An article on Nacion.com contains quotes by Guillermo Alonso, president of Auto Mercado, who announced the investments to be made by the company in the coming years, noting that "...

Fierce Competition Between Supermarkets

March 2012

Certain chains are drowning out competition by making huge investments in opening new stores or by buying up other businesses in Costa Rica.

Gessa - owner of Peri, Jumbo, and Supercompro- announced this week its acquisition of Saretto supermarket, located in Escazu. The goal: to break into the premium products segment (gourmet imported), Saretto’s strong point, Guillermo Aguilar, general manager of the corporation, said to Nacion.com.

Olímpica Supermarkets Acquires Megasuper

November 2010

The Colombian chain acquired 100% of shares of Corporation Megasuper of Costa Rica.

Olympic SA is the third ranking supermarket chain in Colombia with regards to sales.

According to a statement to La Prensa Libre, Walter Vega, commercial vice president of Megasuper, stated "...