L’Oréal Caribe and Gustazos announced the opening of its Gustazos Beauty store at San Patricio Plaza in Guaynabo, a 1,530 square-foot location that featured touchless technology. Although the investment for Gustazos Beauty, located near San Patricio Plaza’s southwest entrance, was not revealed, the store will generate a total of seven jobs, officials confirmed. “L’Oréal Caribe’s […]
Betting on the quality of its gluten-free and vegan cookie products, the manufacturer of Tasty Smart cookies, Gfree Foods, has passed the first phase toward obtaining the FSSC22000 Food Safety Certification, so that it can begin exporting, company officials announced. The FSSC 22000 Food Safety Certification System is a globally recognized program by the Global […]
Puerto Rico’s retail sales reached $3 billion in August, representing a 11.5% year-over-year increase, which government officials attributed to the economic reopening in the midst of the COVID-19 pandemic. This represents the third increase reported in retail sales so far in 2020, said Department of Economic Development and Commerce Secretary Manuel Laboy, citing the agency’s […]
Having the world’s longest holiday season will work in favor of Puerto Rico-based retailers as they face a 13% drop in shopping intention this year compared with 2019, according to results from “Santa’s List 2020,” the fifth edition of the annual holiday consumer survey done by advertising agency Arteaga & Arteaga. The last big drop […]
Forty-five new suppliers, including 12 women-led companies, will have the opportunity to sell their goods at Walmart Puerto Rico’s stores, after successfully participating in third edition of the “Open Call Puerto Rico” program, which seeks to support the growth of entrepreneurs who harvest or manufacture products locally. “We continue to strongly promote Puerto Rican companies […]
Atlanta-based Chick-fil-A Inc. has opened a call for potential franchisees to bring the restaurant chain to Puerto Rico, according to its website. In preparation for that, over the past three months, the family owned and privately held operation has registered a local corporation at the Puerto Rico State Department and has filed a request to […]
Orlando, FL — Puerto Rican make-up manufacturer, Bettina Cosmetics, is introducing its line of 50 colorful nail polishes to 602 Walgreens stores across Florida, with an estimated investment of close to $1 million to expand its presence in the Sunshine State. During a virtual press conference in this Central Florida town, Bettina Mercado, president of […]
The 2020 edition of “Orange Wednesday,” a campaign that encourages Puerto Rico consumers to do their holiday shopping at local businesses, is slated to start Nov. 25, event organizers confirmed. Empresarios por Puerto Rico, the trade organization in charge of the effort that made its debut in 2016 to give local merchants a chance to […]
Arepa Chic, a restaurant launched as a socially conscious micro-franchise run by women entrepreneurs, has opened in the heart of Caguas, to sell “arepas with a purpose.” Proyecto Matria, a nonprofit that provides support and options to women affected by situations of violence, created the Arepa Chic micro-franchise concept, investing $625,000 in donations from the […]
Five months after breaking off talks to buy rival mall operator Taubman Centers, Simon Property Group Inc. announced that the two have reached a definitive agreement to move ahead with the merger, after modifying certain terms of the agreement. The parties agreed to reduce the merger price to $43 per share in cash — down […]
Vota Inc., which runs the Casa Mofongo Xpress restaurants, is suing the owners of the Las Catalinas Mall in Caguas for $1 million over losses related to the closure of the shopping center during the COVID-19 pandemic and other claims included in a lawsuit filed at the U.S. District Court for Puerto Rico. In its […]
The Subway restaurant chain in Puerto Rico has begun expanding its concept with the addition of the first of nine co-branded concept stores that incorporate partners Acai Express, Mama DeLuca’s, and Red Mango, company executives confirmed. The first 2,400 square-foot megastore opened about a month ago in Arecibo, following a $1 million investment, said Rosa […]
Puerto Rican consumers spent an average of $500 a month on groceries, or 18% more than the average $422 spent last year, the Chamber of Marketing, Industry and Food Distribution’s annual Consumer X-Ray revealed. “Spending appears to be driven by an increase in the frequency of visits to supermarkets, which registered an average of eight […]
Puerto Rico’s retail sales increased by 14.8% in July, compared to the same month of the previous year, according to the Retail Sales Report issued by the Department of Economic Development and Commerce’s Office of Economic Analysis. Retail sales reached $2.8 billion in July, four months into the restrictions on the economy put in place […]
The Puerto Rico Retailers Association (ACDET, in Spanish) announced the results of the Collaborative Surveillance Program that the sector has integrated into its efforts to minimize the risks of COVID-19 contagion, which revealed that 96% of participating establishments are 96% compliant in their protocols. The conclusion stems from a sample involving 45,000 observations by 15 […]
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