Boom in Convenience Stores

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.

Friday, August 5, 2016

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.

Johnny Campos, general manager of Gessa, which operates the Dia Express brand, commented, "... 'We have been focussing these months on learning the business of convenience stores. This (the one in Tibás) is our pilot store, where we are aiming to adapt it to the needs of this customer segment and from here we plan to expand this format in other areas with a high influx of people, for 2017'".

A representative of Circle K, another brand of convenience stores operating in the country, explained that   "... In a year five stores have been opened in San José, Alajuela and Cartago. The company plans to open new outlets before the end of the year, however, details have not yet been provided."

The Corporation AM-PM, which manages the AM-PM and Fresh Market stores plans to open six new stores in the remainder of the year, leaving it with 78 outlets at the end of 2016.

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Bet on Convenience Stores

October 2019

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

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."

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. "

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