RB’s Puerto Rico opens 1st local Arby’s restaurant in Cayey
July 13, 2021
Local franchisee RB’s Puerto Rico officially opened the first Arby’s— a US-based drive-thru sandwich chain — on the island, in the mountain town of Cayey, where it is generating 40 new jobs. Company officials refrained from revealing the investment made in the new 2,600 square-foot restaurant that will feature Arby’s iconic sandwiches, wraps, sides, and […]
chat_bubble0 Comment
visibility3282 Views
Puerto Rican entrepreneur taking risks to expand in Orlando with Piggza eatery
July 1, 2021
ORLANDO, FL — The new and unique restaurant Pigzza in this Central Florida city is a combination of energy, passion, and international food of two adventurous friends and owners of Pig Floyd’s Urban Barbakoa and Stasio’s Italian Deli & Market. They expect to open it next September or October, they confirmed. The restaurant will be […]
chat_bubble0 Comment
visibility3011 Views
3 new stores to open at parcel next to Outlets at Montehiedra in ’22
June 29, 2021
Urban Edge Properties announced it has signed leases with Walgreens, Global Mattress and Arby’s for a new parcel currently under development at The Outlets at Montehiedra in San Juan. This development, adjacent to K-mart, will feature a 10,305 square-foot Walgreens, a 3,695 square-foot Global Mattress in a single building and on the same parcel. Arby’s […]
chat_bubble0 Comment
visibility6725 Views
Puerto Rico retail sales up 49.6% in YoY in March to $3B
June 29, 2021
Puerto Rico’s retail sales exceeded $3 billion in March 2021, reflecting a 49.6% year-over-year increase, the Department of Economic Development and Commerce (DDEC, in Spanish) confirmed. The agency’s most recent retail sales report shows this is the 10th consecutive sales increase recorded at an annual rate. Sales for March 2020 were recorded at a little […]
chat_bubble0 Comment
visibility2648 Views
AZ Foods looks to implement new model to help small businesses distribute goods
June 17, 2021
AZ Foods, a distribution company responsible for bringing healthy products from different parts of the world to Puerto Rico, is looking to expand its business model to help local small businesses improve their reach. “We’re a Puerto Rican company that always wants to distribute the healthiest foods and we believe that with each product we […]
chat_bubble0 Comment
visibility1920 Views
El Señorial Plaza sold for $20.4M to undisclosed buyer
June 4, 2021
Retail Value Inc., owner of El Señorial Plaza in San Juan, announced it closed the sale of the shopping center on June 3, for $20.4 million. The buyer was undisclosed, and RVI said the sale amount is “prior to closing costs, prorations and other closing adjustments.” The company used the net proceeds to repay mortgage […]
chat_bubble0 Comment
visibility3530 Views
Puerto Rican consumers embrace technology during pandemic
June 3, 2021
In the past year, 79% of Puerto Ricans have made online purchases, which places the island among the top five most active places when it comes to buying through the internet, according to “The Connected Consumer,” a study commissioned by the Chamber of Marketing, Industry and Food Distribution (MIDA, in Spanish). The analysis, which is […]
chat_bubble0 Comment
visibility2321 Views
Chef Mario Pagán unveils $4M La Central restaurant at Distrito T-Mobile
May 27, 2021
The aroma of “melao” coming from the rum still, the flaming charcoal grill, Puerto Rican rum, tobacco, and coffee, will be the stars of the scene of the new $4 million restaurant, La Central by Mario Pagán, located at the Distrito T-Mobile, which will open its doors on June 2. La Central will generate about […]
chat_bubble0 Comment
visibility3343 Views
Siembra Lista to sell local farming, artisanal products at gas station kiosks
May 26, 2021
Siembra Lista, a new concept to market Puerto Rico’s agricultural and artisanal products, was recently launched across a number of gas stations following a $30,000 investment, company executives confirmed. So far, gas stations in Naguabo, Bayamón, Guayama, Caguas, San Juan, Naranjito, Carolina and Fajardo, as well as community pharmacies, are featuring the unique kiosks stocked […]
chat_bubble0 Comment
visibility1264 Views
La Burguesía opens at Distrito T-Mobile following $900K investment
May 24, 2021
The fourth gastronomic concept at the Distrito T-Mobile entertainment complex, La Burguesía restaurant, has opened for business following a $900,000 investment. With an irreverent tone, the restaurant satirizes bourgeois society through its gastronomic offer and design. Its operators send the message by taking a universal dish and elevating its quality, offering a “bourgeois” product at […]
chat_bubble0 Comment
visibility1744 Views
Puerto Rico retail sales up 13% YoY to $2.6B in Feb. ’21
May 17, 2021
Puerto Rico’s retail activity was bustling in February, when they grew by 13% in comparison to the same month in 2020. The Department of Economic Development and Commerce’s (DDEC, in Spanish) Retail Sales Report showed sales reached $2.6 billion. This is the ninth recorded increase in sales at an annual rate, all consecutively and the […]
chat_bubble0 Comment
visibility1840 Views
$1.7M Sazón Cocina Criolla restaurant opens at Distrito T-Mobile complex
May 12, 2021
The third eatery that is part of the gastronomic lineup at the Distrito T-Mobile entertainment venue in the Miramar sector of San Juan, Sazón Cocina Criolla, has opened its doors following a $1.7 million investment. The 3,300 square-foot restaurant featuring authentic Puerto Rican cuisine, will be located at the district’s Central Plaza, and will join […]
chat_bubble0 Comment
visibility3519 Views
Mojito Beach Bar, other tenants opening shops at the Carolina public beach
May 10, 2021
Mojito Beach Bar, a business located in Playa Santa in the southwestern town of Guánica, will be opening a second location at the Carolina public beach — known as the Balneario de Carolina — looking to expand beyond the earthquake-affected region, News is my Business confirmed. This is one of several new tenants that will […]
chat_bubble0 Comment
visibility2057 Views
Mother’s Day sales will be hybrid this year, retailers say
May 7, 2021
The COVID-19 pandemic has represented significant losses for businesses in Puerto Rico, and upcoming Mother’s Day sales may not be the exception, local retailers confirmed. However, executives interviewed by News is my Business confirmed that sales will be in hybrid format — with at least 40% of the activity taking place online. “This year, we’ve […]
chat_bubble0 Comment
visibility1448 Views
Supermercados Selectos unveils $10M distribution center expansion project
May 6, 2021
Looking to double the footprint of its current building through a $10 million investment, Supermercados Selectos announced expansion plans for its distribution center in Dorado, a step they said will strengthen its inventory and supply capacity. “This expansion is an important step for the families of Supermercados Selectos and will catapult the chain as one […]
chat_bubble0 Comment
visibility1983 Views
Loading stock data...
Brought to you by
A Dow Jones/Factiva content provider since 2014
Subscribe to our Dollars & Sense podcast!
NIMB ON SOCIAL MEDIA