PriceSmart Expands in Costa RicaThursday, April 16, 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. PriceSmart buys property in Panama and Costa RicaWednesday, October 1, 2008 The Company plans the construction of new PriceSmart Warehouse Clubs and the development of adjoining Commercial Centers. On September 24, 2008 PriceSmart acquired 13,162 square meters of real estate in Panama City, Panama, upon which the Company plans to construct and operate a new PriceSmart Warehouse Club. Typically, PriceSmart land requirements are approximately 20,000 square meters. PriceSmart Invests $14 Million in PanamaFriday, April 9, 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. "Outlet" and "Off-Price" Formats in Costa RicaMonday, March 2, 2015 Description of the workings of the retail scheme for discounts, off-price and outlet formats, and expertise in selling products at low prices which are from previous seasons or have minor flaws. The objective of this marketing model is to pass on low prices to consumers and "... stay competitive in different retail segments in the country." This is the case of the Best Brands shop, which uses the off-price model, which has reported a growth of 10% in 2014, compared to the previous year. CABI Commodity Price Index IntroductionMonday, April 20, 2009 The CABI Commodity Price Index is an indicator of Guatemalan trade terms, composed of both local and international variables. They take the prices traded on the stock exchange for raw materials that are important to the trade balance and they are weighted based on their importance, according to official data from the Banguat. The most important components are coffee (exports) and oil and derivatives (imports). PriceSmart Invests $20 million in Costa RicaFriday, October 18, 2013 The store chain for members only has opened its sixth location in the country, with an area of 21 thousand square meters. 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. Business: Big Data and Subscription ModelsWednesday, November 13, 2019 The business models operating under the concept of a subscription, such as Netflix, Amazon or even PriceSmart, can have great advantages over their competitors if they manage to properly manage the large volumes of data they handle. The payment of subscriptions is not only for modern online services, as retail companies apply it in the region, as is the case of the supermarket chain PriceSmart. Executive salaries rise 12.5% in PanamaTuesday, June 24, 2008 A survey carried out by PriceWaterhouseCoopers between April 2007 and May 2008 shows that executives have gotten average raises of 12.5 percent. The reason for the increase is the need for companies to attract and hold personnel in a growing economy. Supermarkets: New Sales Point in PanamaThursday, October 24, 2019 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. Guatemala: Sale of Gas StationsThursday, March 31, 2016 The Honduran Terra Group has acquired the network of 32 service stations from PacificOil that will now be operated by UNO Guatemala. The deal relates to the corporate division of Terra Oil, part of Terra Group, which acquired all of PacificOil's service stations in Guatemala, reported Elperiodico.com.gt. New Application Presented for PUMA-ESSO MergerFriday, November 4, 2011 The Superintendency for Competition in El Salvador has agreed to hear a resubmitted economic concentration application by Puma Energy. A press release from the Superintendency for Competition (SC) states: Oil Refining Plant in GuatemalaThursday, May 10, 2012 Based on the country's prospected oil potential, Ivanhoe Energy and Cobán Oil & Gas are proposing to invest $250 million. Both companies signed a letter of intent for joint investments of $250 million and reported that they expect to finish the process in 30 months, sign an investment agreement, and then start building the plant. Fuel Market in GuatemalaWednesday, January 18, 2012 There are eight importers who supply more than 1,250 service stations; companies compete to attract customers with better services. The purchase of Shell’s operations by Unopetrol, and Esso’s by Puma Energy, has spurred competition and is transforming the fuel sales market, with the opening of new retail outlets and additional service offers, such as car washing. Guatemala's Pacific Oil Targets Central AmericaTuesday, October 30, 2012 The fuel company has announced a regional expansion process in El Salvador, Honduras and Panama. Juan Salazar, manager of the company, explained that in 2013 they plan to open 75 stations in these countries, with a total investment of $48 million and an average cost of $500,000 per facility. Latin American Internal Trade GrowsMonday, March 16, 2009 In seeking to mitigate the effects of the crisis, the trade of goods is redirected, which means opportunities for logistics operators. Many Latin American companies are reacting to the global economic crisis by looking for markets that are geographically closer than the normal markets in Asia and Europe where demand has fallen drastically. |
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