In the retail business, large distributors boost the sales of their own brand products through strategies aimed at consumers who prioritize the price factor over other elements when buying.
Globally, the tendency to buy private label products is becoming more and more evident in markets, as companies engaged in the retail trade of other products, such as supermarket chains, are capitalizing on their experience by placing their own products and competing with their suppliers.
In order to grow their brands, one of the bets that restaurants in Costa Rica are making is to market their products in supermarkets.
In the Costa Rican market there are companies that have taken several years to begin the process of marketing their products in supermarkets, because they must meet multiple requirements, such as health records, labeling standards, bar codes, among others.
Meeting the demands of consumers who increasingly seek responsibility in the production chain and balancing sales between physical and digital formats are part of the challenges faced by businesses in Panama.
The CEO and president of Grupo Rey, Hernán Muntaner, points out that globally the sales of modern channels such as hypermarkets and supermarkets are decreasing, giving way to other forms such as online channels and discount stores.
The preference for electronic financial transactions increases everyday, but the trend is to migrate to contactless payments, which will allow consumers to make their purchases 10 times faster than the traditional way.
Specialists in the subject explain that unlike the payment methods that until now are the most used in the region, contactless payments simply consist of holding a card in a payment reader to proceed with the transaction.
From July 7, eggs, macaroni, beans, lentils, chop, shank, breast and tuna will no longer be part of the list of products whose prices are controlled in Panama.
The measure consisting of the regulation of 22 products of the basic basket, which was initially announced as transitory, became permanent in the country, since it began to apply on July 7, 2014, and during the Varela administration was extended nine times, leaving negative balances at the discretion of some sectors.
The brand-new Cortizo administration announced that it will gradually eliminate the price control system for 22 products of the basic basket, in force since July 2014.
The measure, which was initially announced as temporary, became permanent in the country, as it came into force on July 7, 2014, and during the Varela administration it was extended nine times, leaving negative balances to the discretion of some sectors.
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.
In the municipality of Antiguo Cuscatlán, La Libertad, construction began on a new shopping center that will have a total built area of 2,709 square meters.
According to investors, work on the new shopping center, which will be called "Soma", began three months ago and currently the project is 30% complete. Completion of the project is scheduled for November or December.
The chain of hardware stores EPA will open from July 4th its fourth sales point, which will be in a shopping center in Zone 10 of the country's capital.
The company reported that in its new store that will be in Rambla 10 Shopping Center, will offer more than 15 thousand items distributed in 27 categories related to construction.
Walmart opened a new sales point under the Maxi Despensa format, in La Libertad, and required a $4 million investment.
Walmart representatives informed that the new Maxi Despensa Campos Verdes is located in a total area of 1,833 square meters, of which 1,436 square meters correspond to the sales room.
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.
Starting in August, Correos de Costa Rica will implement a web portal called "Marketplace", which will be focused on marketing products of micro, small and medium enterprises.
The new portal will offer the functionalities of online payments, delivery logistics through the Pymexpress service, in addition to allowing companies to implement marketing campaigns, as well as the generation and use of QR codes.
In Costa Rica, the retail sector is going through one of its worst moments in recent years, since several jobs have been lost and local unemployment is increasing.
Figures from the Economic and Social Observatory of the National University (UNA) show that the commercial sector has lost 15,446 jobs in recent years as a result of the slowdown in consumption in the country.
In Nicaragua, the Ortega administration ordered the closure of five of the 38 branches operated by the Medco pharmacy chain for having joined the national strike on May 23.
The order to cease operations of the five branches was notified through the Ministry of Health, however, the company will appeal the decision of the authorities.
Laprensa.com.ni review that representatives of the company reported that "...
In Costa Rica, the Gollo chain of stores invested $2 million in the opening of three new sales points in Guachipelín, Tibás and San José.
Representatives of the company dedicated to commercialize electrical appliances, furniture and other similar articles, informed that $1 million was invested in the operation of the store in Guachipelín, and in the stores in Tibás and San José, the investment totaled $500,000 each.
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