Costa Rican supermarkets criticize regulatory plan

Supermarket management criticized a project that will partially reform the Law of Consumer Defense in order to regulate competition.

Thursday, November 6, 2008

The strongest criticism came from Ignacio Perez, president and CEO of Wal-Mart Centrol America, who called the plan "deficient".

The initiative affects all Costa Rica companies that are efficient and which have the ability to compete at the international level, he said.

More on this topic

Regulations of Competition Law

March 2013

Under public consultation in Costa Rica is the draft Regulation to the partial reform of the Law on Promotion of Competition and Effective Consumer Protection.

From Competition Bulletin No. 156 by the Commission to Promote Competition (COPROCOM) in Costa Rica:

PUBLIC CONSULTATION:

Wal-Mart Continues Regional Expansion Plan

February 2010

In 2010 the supermarket chain plans to open 30 business units in Central America.

Eduardo Solórzano, Wal-Mart’s new president and CEO for Latin America, explained that the investment plan comprises 26 discount stores, two warehouses and two supermarkets.

From Laprensa.com.ni: “Solórzano remarked that in addition to opening new stores, Wal-Mart will continue buying textile products from Nicaragua and Guatemala, and agricultural ones from Costa Rica, for example, to sell them in its stores in the United States and other countries”.

Another Wal-Mart Store in El Salvador

March 2009

The investment of $1 million for the new Despensa Familiar (Family Pantry) store is part of the company’s expansion and investment plan in the country.

The operations manager of Family Pantries, Fabricio Molina, told La Prensa Gráfica: "In the next six months, the corporation (Wal-Mart Central America) will be opening six more stores which will be located in various parts of the country, including the capital.

Wal-Mart expands services in Guatemala

August 2008

The supermarket chain, Wal-Mart, plans to continue its expansion and its strategy leans towards attending consumers in the province.

According to Aquileo Sanchez, Communications Director for Wal-Mart Central America, through the rest of 2008 and the beginning of next year, they plan to open between 10 and 15 new stores.

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