The import of goods for home use grew by 18% in November 2015, thanks to factors such as the drop in fuel prices and the increase in remittances.
The value of household articles also recorded double-digit growth (10.9%), going from $143.7 million purchased between January 1 and November 30, 2014, to $159.3 million in the same period in 2015, according to the Central Bank of Nicaragua (BCN). The volume measured in tons increased in the reference period by 17.9%.
An unfavorable business environment has forced the retailer Max, a subsidiary of the Guatemalan Distelsa Group, to close six stores after ten years of operation in the country.
Difficulties in achieving sales targets proposed by the company and unfavorable investment conditions in the country are part of the reasons that led the company to close its Max stores in El Salvador.
The company announced the opening of six new stores and that it will relocate several of its current shops.
For the month of November, GOLLO is preparing the opening of new outlets in San Vito de Coto Brus, downtown San Jose, Palmar Norte and Santa Rosa de Pocosol in San Carlos. These new stores will generate 27 direct jobs.
Also as part of the policy of the company´s expansion plan, GOLLO projects to remodel and relocate some of the current stores to larger facilities which are better equipped in order to ensure better customer service.
Parker Electronic, an Indian company based in Hong Kong, will sell its line of audio, video and household products in the country.
Myron Isaacs, sales managers for Parker, said that the sale of products such as fans, refrigerators, washing machines, air conditioners, and televisions has already begun in Panama City at Rodelag. Meanwhile their exclusive store will sell "car audio" products.
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