In Costa Rica, Inversiones AM PM announced that it plans to open four new convenience stores before the end of 2019.
Representatives of Inversiones AM PM, owner of the AM PM and Fresh Market stores, explained that the store that is closest to being inaugurated is the one that will be located in Guayabos, Curridabat.
After making a strategic alliance with the firm Dollarama, the business conglomerate plans to open 225 new stores dedicated to the sale of home and office goods in El Salvador, Guatemala and Colombia.
It was reported that the Canadian company Dollarama reached an agreement to acquire a 50.1% stake in the chain of stores of Salvadoran origin Dollarcity, in a transaction estimated at $85 million to $95 million.
The Circle K chain of stores, originally from the United States, will open its first store on June 19, which will be in Zone 9 of the country's capital.
Grupo Intur, a business firm that already operates the chain of stores in Honduras and Costa Rica, reported that it will be in charge of investments in Guatemala and that the first point of sale will be in Plaza Asadis, Boulevard Liberation.
Automercado has inaugurated a new point of sale in Guadalupe, San José, and next year it plans to build another in Curridabat, in the east of the capital.
The supermarket which opened its doors in Guadeloupe, required an investment of $1 million, and is the 21st point of sale of the chain Automercado.Representatives explained that "...This is the second supermarket inaugurated under this brand name in the course of 2017 (another opened in Santo Domingo de Heredia last January), thus fulfilling the number of openings planned in the expansion plan from 2016 to 2024."
New stores, remodeling and a distribution center are what Walmart plans to develop in the next two years in the country, with an estimated investment of $200 million.
Of the 255 complex business operating in the greater metropolitan area, 11 are in the regional center format, 42 community, 75 neighborhood, 134 strip, 21 are urban, 7 lifestyle and 5 entertainment.
The figures from Colliers Costa Rica indicate that shopping centers in small formats, called life style and strip centers are those that are beginning to predominate in the metropolitan area.There are currently six projects under construction in the strip format and another 12 which are planned to be developed, according to Colliers.
The number of convenience stores in the country is growing in response to increased purchasing power and a gradual change in consumption patterns.
The number of supermarkets operating in the country increased from 130 in 2012 to 155 this year, says Laprensa.com.ni. As purchasing power increases and consumers get more "sophisticated" so is there a growth in Nicaraguans shopping in these types of establishments rather than the traditional "grocery stores".
In the last five years in Costa Rica the number of these types of outlets has increased by over 30%, and companies in the sector project continued growth in the medium term.
Sales at the 141 convenience stores operating in the country, according to figures from Euromonitor as reported by Nacion.com, have also grown significantly in the last 5 years, going from $44 million in 2010 to $178 million in 2015.
On October 1st and 2nd Central American entrepreneurs in the manufacturing sector in Guatemala will be meeting with international buyers from supermarkets, convenience centers, importers and distributors.
Taken from the official website of the event, Manufexport.com.gt:
The dynamism and growth of the past two years is being maintained with the arrival of new competitors in a market which already totals 143 outlets in the Greater Metropolitan Area of Costa Rica.
Added to well-known brands such as Fresh Market, AM PM and Vindi, all using the convenience store format, there are now local bakeries from the Musmanni chain, branded Musmanni Super Mini, owned by Florida Ice and Farm.
Panamanian pharmacies are offering more than medications, turning into convenience stores.
Capital.com.pa reports that: "This is a business model used by large chain pharmacies in the United States, for whom the Trade Promotion Agreement (TPA) has opened the doors of the country and apparently local pharmacy chains are preparing for possible competition. "
Networks of convenience stores are extending throughout Costa Rica and, at least for now, coexist with small retail outlets without affecting them too much.
The main reason for this peaceful co-existence is that the market segments that both types of commerce address are different.
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