Bet on Convenience Stores

In Costa Rica, Inversiones AM PM announced that it plans to open four new convenience stores before the end of 2019.

Wednesday, October 9, 2019

Representatives of Inversiones AM PM, owner of the AM PM and Fresh Market stores, explained that the store that is closest to being inaugurated is the one that will be located in Guayabos, Curridabat.

See also "Where do consumers transit?"

Los Yoses, San Pedro, is the place where the company opened its last branch of the AM PM format. Armando Gonzalez, director of AM PM Investments, told Elfinancierocr.com that "...  San Pedro is a very crowded area because of its social, nightlife and university atmosphere, making it one of the favorite places for convenience stores. In total, there are four AM PM's in the area."

Regarding the decisions to open new stores, Gonzalez said that "... To open a Fresh Market we select residential neighborhoods, and you don't usually see the presence of other competitors. For the AM PM we look for more urban areas, with more traffic and not so much neighborhoods, as other chains do."

The company currently has 33 sales points in the Fresh Market format and 52 in the AM PM format.

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More on this topic

Boom in Convenience Stores

August 2016

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.

More Investments in Convenience Stores

September 2014

The dynamism and growth of the past two years is being maintained with the arrival of new competitors in a market which already totals 143 outlets in the Greater Metropolitan Area of ​​Costa Rica.

Added to well-known brands such as Fresh Market, AM PM and Vindi, all using the convenience store format, there are now local bakeries from the Musmanni chain, branded Musmanni Super Mini, owned by Florida Ice and Farm.

Panama: Pharmacies That Sell Everything

November 2013

Panamanian pharmacies are offering more than medications, turning into convenience stores.  

Capital.com.pa reports that: "This is a business model used by large chain pharmacies in the United States, for whom the Trade Promotion Agreement (TPA) has opened the doors of the country and apparently local pharmacy chains are preparing for possible competition. "

Convenience Stores Vs. Corner Shops

March 2013

Networks of convenience stores are extending throughout Costa Rica and, at least for now, coexist with small retail outlets without affecting them too much.

The main reason for this peaceful co-existence is that the market segments that both types of commerce address are different.

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