Miami-based Grand Havana Cafe opening shops in Puerto Rico
November 18, 2021
Miami-based Grand Havana Cafe announced it has entered negotiations with AM:PM City Market Corp. to acquire its business portfolio in Puerto Rico, which includes locations in Isla Verde and Hato Rey. After the closing — expected to happen during the first semester of 2022 — the shops will be converted into Grand Havana Cafes, company […]
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1st Macy’s Backstage on the island opens at Plaza Las Américas
November 8, 2021
Plaza Las Américas and Macy’s Backstage announced the upcoming opening of the first Macy’s Backstage store in Puerto Rico, on Nov. 20, in time for the busy holiday shopping season. Macy’s on-mall, off-price pop-up store will be located on the second level of the space previously occupied by Borders and will have approximately 14,000 square […]
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Tasty Smart expands into FL market with Sam’s Club
October 29, 2021
Reaffirming its commitment to local entrepreneurs, Sam’s Club Puerto Rico announced that the variety of vegan and gluten-free cookies manufactured on the island, Tasty Smart, is currently available in 28 of its stores in South Florida and with the possibility of expanding to 48 establishments in that area in the coming months. “We continue focused […]
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Puerto Rican consumers juggling budget to handle price hikes, product shortages
October 27, 2021
The Chamber of Marketing, Industry and Food Distribution’s (MIDA, in Spanish) most recent Consumer X-Ray shows a Puerto Rican consumer who is juggling their budget in the face of price hikes, product shortages and daily expenses. The 29th edition of the study also shows that fluctuations in monthly spending on groceries reflect the greater influence […]
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Study: Puerto Rico restaurants are faring better despite pandemic hit
October 8, 2021
Nearly half of the island’s restaurants — or 48.7% — confirmed in a survey by the Puerto Rico Restaurants Association that their sales have been higher from January to July 2021, compared to the same period for the previous year, despite still experiencing the negative effects of the COVID-19 pandemic. The survey presented during the […]
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Developers Diversified PR returns to local retail market to operate 9 shopping centers
October 5, 2021
The $550 million sale of nine shopping centers formerly owned by Retail Value Inc. has brought Developers Diversified PR back to the island 15 years after first establishing operations. That transaction, which closed in August 2021, has also meant the return of developer Scott Wolstein, who will oversee the portfolio, whose performance — he believes […]
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Cooking with My Doctor builds on local success to expand abroad
September 22, 2021
Puerto Rican cooking seasonings brand Cooking with my Doctor, in business since 2018, is building on the success of its product line in the local market to export to the first three US mainland states, where it will begin its growth beyond the island’s shores. In an interview with News is my Business, Renzo Casillo, […]
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Walmart Puerto Rico announces ‘21 Open Call program, to scout for local products
September 6, 2021
Walmart Puerto Rico announced the start of the fourth edition of its Open Call program, whose objective is to continue increasing the purchase of products manufactured, processed, or harvested on the island. Initially, the retailer had a goal of procuring $20 million in products by 2020, which it said it exceeded — reaching $34 million […]
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Walgreens will increase starting pay to $15/hr for all employees
September 1, 2021
Pharmacy chain Walgreens announced it will increase the starting hourly wage for all employees to $15 an hour, taking effect in phases beginning in October, expecting to fully implement it by Nov. 1, 2022. The pay raise will apply to Puerto Rico employees across Walgreens’ 106 stores, Eileen Ortega, director of operations for Walgreens Puerto […]
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Walmart Puerto Rico testing curbside pickup service at Plaza Cayey store
August 30, 2021
Walmart Puerto Rico has begun to quietly test its curbside pickup service for online purchases at its Supercenter in Plaza Cayey, to potentially introduce that new alternative to the Puerto Rico market, News is my Business learned. The store appears as the only one listed on Walmart’s website for Puerto Rico as a location where […]
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FirstBank sues Pizza City owners to collect $1.9M in unpaid loan, foreclose
August 23, 2021
FirstBank Puerto Rico recently filed a lawsuit seeking to collect $1.9 million from the owners of Pizza City, a long-standing, popular eatery with tourists on the Isla Verde strip in Carolina, claiming non-payment of an existing loan. It is also pursuing foreclosure and the sale of the iconic restaurant through public auction. In the lawsuit […]
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Walgreens launches myWalgreens credit card program, available in Puerto Rico
August 17, 2021
Walgreens has introduced the new myWalgreens Credit Card program, featuring two retail health and wellness credit cards, issued by Synchrony Bank. The program and the cards will be available in Puerto Rico, News is my Business confirmed. The myWalgreens Mastercard and the myWalgreens Credit Card are the first-ever of their kind to reward more personalized […]
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Urban Edge properties opening Sector Sixty6, Golden Corral at Las Catalinas Mall
August 4, 2021
Urban Edge Properties announced that it has signed an agreement for Sector Sixty6 and Golden Corral to open its next location at Las Catalinas Mall in Caguas in 2022. Repurposing a 122,000 square foot former Kmart, the new venue will activate empty space “with a dynamic use that adds visual excitement to the property and […]
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Retail Value Inc. sells off remaining 9 shopping centers in Puerto Rico for $550M
July 16, 2021
Retail Value Inc., the owner of nine shopping centers in Puerto Rico, has agreed to sell its remaining properties in Puerto Rico to Kildare Acquisitions for $550 million in cash. This is the third time in the last six months that the independent publicly traded company has announced the sale of a local property. In […]
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Florida Bakery marks 1st year in Central FL with plans to open new location in ’22.
July 16, 2021
Orlando, FL — Puerto Rican couple Rafael Román and Kiara Delgado, owners of Florida Bakery & Restaurant are determined to bring their delicious ‘pan sobao’ and menu to one of the fastest growing areas in Central Florida, known as Lake Nona. On July 15, 2020, they opened their first store in Kissimmee, in the heart […]
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