Gov’t, retailers join forces for ‘safe’ Black Friday, Christmas sales
November 7, 2018
The Retail Trade Association and the Puerto Rico Chamber of Commerce, together with the Department of Consumer Affairs, have joined forces.
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Private sector execs meet with House Finance Committee chair on inventory tax elimination
November 6, 2018
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.
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Walmart P.R. pumps $5.9M into Bayamón store upgrades
November 1, 2018
The store now has new signage inside and outside and an additional 7,000 square feet, among other new features.
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The Mall of San Juan sees 30% sales growth year-to-date
October 31, 2018
The mall operators also said foot traffic to the center is up 20 percent year-over-year.
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Illinois-based gasoline retailer Clark opening stations in P.R.
October 30, 2018
The process has begun with the first re-branded stations already operating in Bayamón and Aguada.
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P.R. retail sales jump 17.4% year-over-year in July, Rosselló says
October 22, 2018
Activity exceeded the $3 billion mark, as stated in a report prepared by the Puerto Rico Trade and Export Company.
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P.R. restaurants generate $4B in sales, generate 60K direct jobs
October 5, 2018
The EAT study, which measures industry trends, also confirmed that the sector purchases more than $500 million in local products.
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Ocean Lab Brewing Co. to reopen renovated restaurant on Oct. 1
September 28, 2018
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.
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Retail Trade Association presses for the elimination of P.R.’s inventory tax
September 26, 2018
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.
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Study shows local companies represent 96% of commercial sector, 83% of jobs
September 26, 2018
Puerto Rico’s local companies have doubled their impact on the economy since 2017, becoming the island’s main source of jobs.
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Walmart Puerto Rico to boost local product purchases by $20M in 5 years
September 20, 2018
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.
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Chocolate Cortés diversifies offer, updates image at Old San Juan location
September 19, 2018
These initiatives will help “modernize the company’s image and diversify its supply in the market,” executives said.
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Plaza Las Américas marks 50 years of growth, change
August 29, 2018
Plaza Las Américas, the largest shopping center in Puerto Rico and the Caribbean, is marking 50 years of doing business on the island, where it has grown from an 800,000 square-foot mall in 1968 to a 2 million square-foot mega retail center now.
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Old Harbor Brewery returns to P.R.’s artisanal beer market
August 22, 2018
Old Harbor Brewery, a once popular brewery and restaurant in Old San Juan, is making a comeback in the hands of Destilería National Inc., which has made a $3 million investment to revive the artisanal brand after a three-year absence.
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Hard Rock Café reopens in P.R. after nearly 10-year absence
August 17, 2018
The Hard Rock Café franchise has returned to Puerto Rico a decade after it shuttered its restaurant in Old San Juan, now reopening in the Condado area following a $6 million investment.
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