Nicaragua: $15 million Investment in Supermarket

The Pricesmart chain has started construction of its second supermarket in Managua, whose start of operations is planned for November this year.

Monday, August 17, 2015

The new wholesale store will have an area of ​​27 000 m2, of which 5000 will be for sale areas and 9000 for warehouses, administrative offices and other areas.

Jose Luis Marin, vice president of marketing and membership, told Laprensa.com.ni that "...The parking lot will accommodate three hundred vehicles and the remaining area will also include green areas, a tire center and fast food sector, which will be open to the general public, including those who are not members. "

He added that "... This second club is a result of customer demand and the large growth experienced Managua. Many of our customers live in that area and after reviewing the areas that are gaining the most in value and have a promising future, we decided on this area on ​​the road to Masaya," said Marin. Another aspect in the decision taken to build this second store is the condition of the economy and customer acceptance."

Regarding the possibility of opening up new stores in other parts of the country, the company representative said that so far it is not among their future plans.

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More on this topic

Investment in New Supermarket

August 2018

Pricesmart has started construction of a new supermarket in the capital of the Dominican Republic, and its opening is expected for the first half of 2019.

With this new branch, which will have a sales area of almost 3 thousand m2 the chain of stores will have its fifth establishment in the country. According to information from the developers, the supermarket will have two floors, an upper one which will include an area for vehicle parking and a ground floor for the store and other services.  

PriceSmart Invests $20 million in Costa Rica

October 2013

The store chain for members only has opened its sixth location in the country, with an area of 21 thousand square meters.

This is the 18th branch of PriceSmart in Central America and the largest of all that have been established in Costa Rica. The property comprises of two levels and a parking lot for 320 vehicles.

PriceSmart Invests $14 Million in Panama

April 2010

The supermarket chain opened a new store in “Brisas del Golf”, Brisas, on Tocumen road.

PriceSmart has now invested a total of $40 million in the country, where it has 70.000 subscribers.

José Luis Laparte, regional manager, expects the new store to sell 15% more than the one located at Los Pueblos mall, even though it is located close to two rival supermarkets.

PriceSmart Expands in Costa Rica

April 2009

The chain will open a new outlet in the town of Alajuela next April 17.

The opening of the supermarket will create 120 jobs.

Leticia Vindas wrote in Elfinancierocr.com: "In addition to the construction, PriceSmart made an alliance with an entity controlled by Costa Rican entrepreneurs to jointly acquire and operate a shopping center adjacent to the new location with each owing 50%."

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