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. "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. 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. 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. The 200 biggest companies in Central AmericaMonday, November 3, 2008 They produce 28 percent of the GDP in the area. Their performance sets the pace for economic activity and industry trends. Mexican America Movil and Arkansas giant Wal-Mart are, without a doubt, the two biggest stars in the ranking, evidencing the significant activity in telecommunications and retail sales in the region. Costa Rica: Growth of the Wholesale Supermarket BusinessMonday, March 10, 2014 An average of 20% annual increase in sales has been reported by companies specializing in the distribution of food and beverages in bulk. The market of wholesale supermarkets in Costa Rica continues to grow, mainly driven by the opening in recent years of convenience stores, bakeries, 'sodas' (small low end restaurants), restaurants and hotels. Some establishments have reported an average annual growth of 20% in sales. The Unstoppable Rise of Iced TeaThursday, October 31, 2013 In Costa Rica sales generated by ready to drink tea rose from $14.6 million in 2007 to $39.2 million in 2012. Elfinancierocr.com reports: "Although it began as a business which imported sports drinks in 1994, Corporación Desinid found its main niches in the manufacture of iced tea for industry". The powdered version of the product allowed it to link up with large chains such as PriceSmart with a private brand name which drove this growth. Pricing with the Customer in MindFriday, November 3, 2017 Estimating the price a client would pay for a product first, and then aligning production and investment costs to that value, is the premise of the Price-led costing strategy. Ariel Baños, a specialist in price management, explains that knowing in advance how much you can charge for a product or service, or at least having an estimate, is a key element of the Price-Led costing strategy. Fuel Prices up to October 24, 2017Monday, October 24, 2016 Price of gallon of regular gasoline: Panama $2.64, El Salvador $2.81, Guatemala $2.82, Honduras $3.25, Nicaragua $3.39, and Costa Rica, $3.75. From a statement issued by the Ministry of Economy of El Salvador: Fuel Prices - August 1, 2016Monday, August 1, 2016 Price of gallon of regular gasoline: Panama $2.61, Guatemala $2.58, El Salvador $2.65, Honduras $3.20, Nicaragua $3.28, and Costa Rica, $3.93. From a statement issued by the Ministry of Economy of El Salvador: Gas Prices in Central AmericaTuesday, March 5, 2013 In Central America, El Salvador has the lowest prices for regular gasoline and ranks second in the prices of special gas and diesel. From a press release issued by the Ministry of Economy in El Salvador: Fuel prices up to June 6, 2016Monday, June 6, 2016 Price of gallon of regular gasoline: Panamá $2,63, Guatemala $2,71, El Salvador $2,81, Honduras $3,22, Nicaragua $3,46, y Costa Rica, $3,36. From a statement issued by the Ministry of Economy of El Salvador: Prices: Intelligent Strategies to Improve ProfitabilityFriday, June 7, 2019 Applying segmentation techniques, making comparisons with the prices of other products, and applying discounts to customers who have eco-friendly practices are some of the strategies that can help maximize the sales profitability. Ariel Baños, a price management specialist and founder of Fijciondeprecicios.com, explains how simple techniques completely applicable to any business can be turned into intelligent and creative pricing strategies to maximize profitability. |
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