Costa Rican department stores market shaken up

A high purchasing power and demand for goods and services is attracting big competitors such as the Salvadoran Siman Group which inaugurated a 11,000 m2 store.

Wednesday, September 10, 2008

A market that was once characterized by competition between local stores such as La Gloria, Yamuni and LLobet on the national level has turned into a regional dispute with the arrival of the international department store chains.
The local business have suffered the worst and have begun to challenge the regional competition on their own turf.

Part of the reason why some many foreign stores are attracted to Costa Rica is because of the access to merchandise coming from Europe and the United States, which facilitates the purchase (by consumers) of accessories and clothing from well recognized brands that are in season.

More on this topic

Carrion Stores Invests $5 million in Honduras

July 2012

In an area measuring 7,000 square meters distributed across 32 departments, the chain store will open its largest Carrion branch in Tegucigalpa.

The new facilities will feature innovative and environmentally friendly systems and will generate two hundred direct jobs.

The new store will feature an entire floor designed "...

Chain Stores Plan Expansion in Costa Rica

July 2012

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.

More Luxury Shops in El Salvador

May 2012

Grupo Roble has begun the expansion of the Multiplaza shopping centers in Antiguo Cuscatlan and remodeling in Metrocentro in Santa Ana and San Salvador.

"For Multiplaza, which has 250 stores, new stores will open such as Victoria's Secret, Nike Store, Gap, La Senza, Banana Republic, Aldo, CAT, and Converse, among others, explained Alberto Poma, CEO of Grupo Roble.

Siman Commences Hiring in Costa Rica

September 2009

The Salvadoran store chain will start hiring 335 people in Costa Rica this month.

They will start the process at the company's first Job Fair, organized for September 1st and 2nd in the Quality Hotel Real Santa Ana.

"Fátima de Palacio, hiring manager at Simán, said they are looking for enthusiastic people, highly oriented to customer service, with good assertive communication and leadership", reported Ana Cristina Camacho in El Financiero's web site.

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