PriceSmart Invests $20 million in Costa Rica

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

Friday, October 18, 2013

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.

"We have been operating in the country for 13 years. We have been growing steadily. We have a loyal membership base," said Manrique Ugalde, vice president of operations for the company.

Costa Rica, according to Ugalde, is one of the main suppliers for the entire Central American region.

PriceSmart operates membership shopping clubs and has a million members at the regional level.

More on this topic

New Walmart Store in El Salvador

June 2012

With an investment of $6.8 million the multinational retailer will open a second store under the Maxi Despensa format in July.

In a 1,600 square meter area the works being carried out are now 70% complete.
"In terms of employment opportunities, on Monday June 4, Walmart held a job fair attended by about 3,000 people from Santa Ana, from these around 60 will be recruited for middle management positions, administration and operational areas as such as cashiers, sales, warehouse staff and others.

Walmart to Invest $84 Million in Guatemala

April 2011

The multinational retail company has announced the opening of 25 new stores in the country.

By the end of 2011, Walmart will open 25 new stores, bringing to 200 the total number in Guatemala. It will also carry out remodeling works at its hypermarket style stores branded Maxi Bodega and Despensa Familiar, according to Alberto Ebrard, executive vice-president and general manager for the firm's Mexican and Central American operations.

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 "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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