Sanborns Closes Operations in Panama

The chain of department stores that had a branch in the Panamanian market, announced that since January 12 it stopped operating in the country.

Monday, January 13, 2020

The company made the announcement official on the morning of January 11, but in its publication broadcast on social networks, no further details were given of the reasons that motivated the chain to withdraw from Panama.

You may be interested in "Geomarketing for Making Business Decisions"

The closure of the chain's only warehouse, whose branch was in Multiplaza, is a reality after 13 years of being in the Panamanian market.

According to the announcement, "... We want to thank you for your trust during all this time, but we regret to inform you that our store will be closed as of Sunday, January 12."

Also see "Retail: Prices vs Location"

Panamaamerica.com.pa reviews that "... Sanborns Group is now betting on Miniso until it reaches a total percentage of 33.27% of the capital stock of Miniso, which also has more than five branches in Panama. The Asian firm (Miniso) has a goal of opening another 200 stores in Mexico by 2023."

Do you need more information about your business sector?

Request more information:








this site is protected by reCAPTCHA and Google's privacy policy and terms of service.
Need assistance? Contact us
(506) 4001-6423


More on this topic

Costa Rica: Commercial Establishment Closing

March 2020

In order to contain the spread of covid-19, the Ministry of Health announced that cinemas and theatres will have to be closed, and in the case of shopping centers, half of their operations will be allowed.

The government informed that police operations will be carried out throughout the country to ensure compliance with health measures.

Restaurants Still Closing in El Salvador

October 2019

The authorities of the Ministry of Health closed the third restaurant of the Mister Donut chain, arguing that they failed to comply with the necessary hygiene measures while carrying out remodeling work in their facilities.

With this new closure, the stores that are currently closed are 29th Street Poniente, San Jose Park in downtown San Salvador, and Paseo General Escalon.

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.

Carrion to Keep Investing in Costa Rica

January 2012

The chain, which closed one of its branches in a major shopping center, has announced investments of $4 million and the opening of three stores.

Carrion store chain will invest about $4 million in 2012 on the improvement and expansion of the operation it has had in the country for the last 10 years, reported Nacion.com.

 close (x)

Receive more news about Retail

Suscribe FOR FREE to CentralAmericaDATA EXPRESS.
The most important news of Central America, every day.

Type in your e-mail address:

* Al suscribirse, estará aceptando los terminos y condiciones


Costa Rica Commercial

We are Costa Rica commercial real estate property brokers and Costa Rica investment property realtors.
Operates in Costa Rica
Phone: (+506) 2288 1858 - (310) 359-8104

Company Profile

Stock Indexes

(Apr 6)
Dow Jones
-5.60%
S&P 500
-5.10%
Nasdaq
-5.64%

Commodities

(Aug 11)
Brent Crude Oil
45.63
Coffee "C"
115.3
Gold
2,006
Silver
28.495