PriceSmart to open 7th Colombia-based Warehouse Club

All systems are a go for PriceSmart to launch construction and operation of its seventh Warehouse Club in Colombia, with completion slated to occur in the Bogota suburb of Chia in fall 2016.

The expansion will open the door for the U.S. corporation to further expand its footprint in Latin America.

PriceSmart owns and operates U.S.-style membership shopping warehouse clubs in Central America, Colombia and the Caribbean, selling high-quality merchandise at low prices to PriceSmart members.

The company offers appliances, consumer electronics, cosmetics, accessories, apparel, furniture and home décor through its many outlets as well as online shopping options.

Serving more than 1 million members, PriceSmart was founded by Sol and Robert Price, co-founders of the Price Club.