Puerto Rican consumers in charge of making household food purchases are increasingly adapting their buying strategies to their economic circumstance, buying more generic or private-label goods, using manufacturers coupons and adding longer-lasting frozen foods to their shopping list.
In a letter sent Wednesday to Puerto Rico lawmakers, Virginia-based trade group Retail Industry Leaders Association members warned that a proposed gross receipts tax amendment would have “devastating effects” for retailers doing business on the island.
Businessman Thomas Ward, who less than a year ago opened a Selectos supermarket in the upscale Ciudadela apartment complex in Santurce, recently filed for Ch. 11 bankruptcy protection, listing some $5 million in debt.
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