After investing $3 million, the Super Selectos chain opened a new 2,000-square-meter point of sale in the El Encuentro shopping center in the municipality of San Miguel.
Directors of Grupo Callejas, a business conglomerate that owns the supermarket chain, reported that the new sales point has 35,000 available products, a bakery with fresh products, meats, fruits and vegetables.
After recording in 2019 a decline in sales and loss of formal jobs, companies in the commercial sector of Costa Rica predict that during next year their revenues will begin to recover.
The current year has been a year of economic and commercial contraction, mainly because of the loss of consumer confidence and the consequent reduction in sales, which in turn reduced the capacity for investment and employment generation by companies, explains a statement from the Costa Rican Chamber of Commerce (CCCR).
ETAfashion, dedicated to the sale of clothing, shoes and accessories, opened its second store in Costa Rica, in the Central Avenue of San Jose, in the old building of the Lehmann Bookstore.
Prior to the launch of its new store, the company operated a single sales point, which is located in the Lincoln Plaza shopping center in Moravia.
In order to attract tourism from Costa Rica, in the Panamanian province of Chiriqui, investments have been made in the construction of new shopping centers and the expansion of some existing ones.
In addition to plans to modernize the border crossings between the two countries, whose works will favor the transit of tourism, businessmen estimate that in the construction and renovation of shopping centers, Chiriqui has hoarded investments in excess of $500 million.
In a situation where consumers are less and less willing to spend their time on the move, and where they value the convenience businesses provide when shopping, digital supermarkets are beginning to gain market in the region.
New companies that have emerged as supermarkets that do not have physical sales areas and are operated entirely online have found acceptance in some Central American countries.
At the beginning of the Cortizo administration the quantity of products with controlled prices in Panama was reduced from 22 to 14, and from January 1, 2020 the list will decrease to 7.
The gradual elimination of price control has been one of the actions that has strengthened the Cortizo administration, because since July 7, eggs, macaroni, beans, lentils, chop, marrow, breast and tuna, ceased to be part of the list of products, whose prices are controlled.
The Walmart chain is investing in the construction of a new supermarket in Santa Ana, El Salvador, which will have a sales hall of 4,600 square meters.
According to information revealed by the company's directors, the new sales point, which is being built on a 15,000-square-meter site, will have a parking lot with capacity for 149 vehicles.
On November 8, the Pradera Vistares shopping center was opened in Zone 12 of the capital, which required a $53 million investment.
Pradera Vistares is part of a mixed-use complex, which includes residential spaces. In October 2017 CentralAmericaData reported that Inmobiliaria Vistares, S.A.
In Costa Rica on November 9, the chain of stores El Rey plans to open a new store to the public that has an area of 2,700 square meters and is located in Guapiles.
Company executives informed that the new store has a new design and format of confectionery, which consists of providing a greater variety of products and more self-service options.
In Costa Rica, some toy businesses have decided not to raise prices during 2019, ally with banks and make special offers in order to increase sales in a context of economic slowdown.
In Zacapa, the Multi-Proyectos shopping center opened its doors. It has 77 stores, movie theaters, food court area and other amenities, in a total area of 14,800 square meters.
Directors of Corporación Multi Inversiones (CMI) explained that the construction of the new shopping center took 11 months and required a $16 million investment.
After investing $17.5 million, PriceSmart opened a new branch in the nation's capital, located in the Metro Park shopping complex.
The new supermarket is located on a 17,368 square meter lot, and has a construction area of 7,295 square meters, of which 4,577 are dedicated to the sales floor.
Changes in consumer preferences, which increasingly value ease, convenience and time savings in their purchases, are forcing companies to strengthen their online marketing channels to stay in competition.
Several companies that have not developed their digital marketing channels in time have gone bankrupt because of the growing competition represented by online sales.
Walmart will market high quality coffee in Costa Rica under the brand Great Value, owned by the supermarket chain, a product that will be manufactured with beans from Tres Rios, Naranjo and Tarrazú.
Representatives of the company informed that Great Value is offered in supermarkets of the formats Walmart and Masxmenos, in presentations of light and dark roast of 340 grams ground and in grain.
In Guatemala, Corporación Multi Inversiones will invest over the next few months in the expansion and remodeling of three shopping centers and the construction of two more.
Managers of Corporación Multi Inversiones (CMI) said that the shopping centers of Pradera Chimaltenango and Pradera Xela, will be expanded, while that of Pradera Escuintla will be remodeled. Then they will continue with the opening of Pradera Petapa and Pradera Zacapa.
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