The effort will be coupled with an educational campaign to raise consumer awareness about the importance for the economy to support a Puerto Rican business.
The San Patricio shopping center in Guaynabo confirmed it has completed the remodeling of all of its areas and is ready for the upcoming holiday season.
Company CEO Leslie Ball, in an interview with Stock Day’s Everett Jolly, said GSRX Industries is “in it for the long haul.
The Retail Trade Association and the Puerto Rico Chamber of Commerce, together with the Department of Consumer Affairs, have joined forces.
During a meeting Monday between retailers and merchants and Rep. Antonio Soto, chairman of the House Finance Committee, it was agreed that the tax has to be voided.
The store now has new signage inside and outside and an additional 7,000 square feet, among other new features.
The mall operators also said foot traffic to the center is up 20 percent year-over-year.
The process has begun with the first re-branded stations already operating in Bayamón and Aguada.
Activity exceeded the $3 billion mark, as stated in a report prepared by the Puerto Rico Trade and Export Company.
The EAT study, which measures industry trends, also confirmed that the sector purchases more than $500 million in local products.
The owners of Ocean Brewing Company Lab. announced the opening of its new and renovated restaurant, the gastronomic space for its microbrewery, on Oct. 1.
This tax limits the availability of basic necessities and supplies in general in the stores, and it harms the population's ability to face any crisis.
Puerto Rico’s local companies have doubled their impact on the economy since 2017, becoming the island’s main source of jobs.
Currently, of the $1.6 billion in annual purchases from about 300 suppliers, distributors and companies located in Puerto Rico, Walmart invests around $500 million in locally manufactured or harvested products.
These initiatives will help “modernize the company’s image and diversify its supply in the market,” executives said.
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