Retailers: A partial lockdown would be ‘catastrophic’ for economy
December 3, 2020
Reactions from representatives of Puerto Rico’s retail sector were quickly offered Wednesday in response to the possibility of a partial lockdown to fight the raging spread of the COVID-19 virus. In a nutshell, they agreed cutting back hours would be “catastrophic” for the island’s economy. In separate statements, the Puerto Rican Association of Shopping Centers, […]
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Entrepreneur opens 2nd Migas restaurant in Mayagüez
December 3, 2020
Franky Suárez-Caro, a 30-year-old entrepreneur announced the opening of a second location of its Migas restaurant on Route 2 in Mayagüez, for which he invested $100,000. The opening, he said, responds to “the constant and ongoing support from coffee lovers and diners from the southwest and across the island.” The new 1,300 square-foot casual dining […]
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Puerto Rico Products Assoc. unveils new image in line with new business climate
December 2, 2020
After more than 50 years of operation as the Puerto Rico Products Association, the trade group has shed that name to adopt a new sleeker institutional identity — Asociación Hecho en Puerto Rico, to continue promoting products and services made in Puerto Rico. The Made in Puerto Rico Association’s new image responds to a shift […]
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$4M Barullo Taberna Española opens at Distrito T-Mobile complex in San Juan
December 1, 2020
The effervescent atmosphere of Spanish streets, along with its flavors, colors and sounds, have arrived in San Juan with the opening of Barullo Taberna Española on the first level of the Distrito T-Mobile complex in San Juan. The $4 million, 6,000 square-foot gastronomic concept “represents the beginning of the most innovative and exciting entertainment center […]
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L’Oréal Caribe opens Gustazos Beauty store in San Patricio Plaza
December 1, 2020
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 […]
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Tasty Smart maker pursuing international certification to export its products
November 27, 2020
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 […]
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Puerto Rico’s retail sales maintain brisk pace in August, up 11.5%
November 25, 2020
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 […]
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Survey: Puerto Rican consumers plan to shop 13% less during holiday season
November 24, 2020
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 […]
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45 Puerto Rican entrepreneurs to sell their goods at Walmart Puerto Rico stores
November 20, 2020
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 […]
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Chick-fil-A sets eyes on Puerto Rico, registers brand and corporation
November 19, 2020
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 […]
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Bettina Cosmetics launches $1M expansion across Florida
November 19, 2020
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 […]
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’20 edition of ‘Orange Wednesday’ campaign starts Nov. 25
November 19, 2020
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 […]
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Proyecto Matria opens women-owned franchise Arepa Chic restaurant in Caguas
November 19, 2020
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 […]
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Simon Property moving forward on Taubman merger
November 16, 2020
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 […]
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Restaurant owner sues Las Catalinas mall for $1M over COVID-19 closure
November 16, 2020
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 […]
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