PriceSmart announced Thursday that it has opened a warehouse club in Managua, Nicaragua, the second warehouse club in the nation that will bring the company’s total operational locations to 38.
Warehouse clubs operated by PriceSmart are clubs that offer merchandise at special prices to those who have memberships. The company operates locations in Colombia, Costa Rica,
the Dominican Republic, Guatemala, Panama and other nations in Latin America and the Caribbean.
The company also reported that sales increased for October compared to the previous year. For October 2015, net sales were 12.9 percent higher than they were in 2014, amounting to $233.4 million. Similar growth was reported in both September and October combined, seeing an increase of 12.7 percent in this period over the past year. Over the course of October 2015, there were 37 locations open, three more than in October 2014.
Four- and eight-week periods ending on Oct. 25 saw approximately 3.2 percent growth in sales in locations that were operational for at least 13.5 months, compared to each respective period in 2014.
Organizations in this Story
Want to get notified whenever we write about PriceSmart, Inc ?
Next time we write about PriceSmart, Inc, we'll email you a link to the story. You may edit your settings or unsubscribe at any time.Sign-up for Alerts
- South America emerges as prime expansion target for Calgary oil and gas firms
- Abraaj acquisition by Colony Capital expected to close this quarter
- Argentine companies try to avoid layoffs as they seek ways to cut costs
- China's now investing $18 billion annually in Latin America
- Awards celebrate Latin America’s most outstanding EdTech startups
- One-third of Mexico's small businesses report being victims of crime
- Carrizosa family continues to fight injustice from Granahorrar bank seizure 20 years ago
- Son of Granahorrar's "architect" opens up about father's life
- Citigroup's Latin American strategy nets rewards entering 2019
- Industrial mining services provider Metso to acquire HighService Service