The Outlet 66 Mall gets $62M makeover to become ‘retailtainment’ mecca
August 3, 2018
Hurricane María dealt a severe blow to the Outlet 66 Mall, which owners took to make a new start with a $62 million renovation to turn the Canóvanas shopping center into what they are calling a “retailtainment” destination.
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The Mall of San Juan ‘continues strong post-hurricane recovery’
August 1, 2018
The Mall of San Juan has continued its strong post hurricane recovery, with an 86 percent occupancy rate, and new tenants to reopen in the fall, Robert Taubman, CEO of Taubman Centers Inc. said during a quarterly earnings call with analysts.
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The Mall of San Juan owners sue BRIO Hospitality for $2.2M
July 26, 2018
Plaza Internacional, the owners of The Mall of San Juan, have filed a lawsuit against BRIO Hospitality P.R. Inc. — the local franchisees of the now closed BRIO Tuscan Grille — seeking to collect nearly $2.2 million, this media outlet learned.
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5 new stores opening at Plaza Las Américas this year; 1 at Plaza del Caribe
July 18, 2018
With a combined investment exceeding $1 million, five new retailers will make their debut at Plaza Las Américas — three international and two local businesses, mall officials confirmed.
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8 P.R. co.’s get ‘golden tickets’ to sell to Walmart in the U.S. mainland
June 20, 2018
Eight local companies will start exporting their products to Walmart stores in the U.S. mainland, representing at least $9 million in revenue and new job creation, representatives from the companies and the mega-retailer confirmed.
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BRIO Tuscan Grille restaurant closes at The Mall of San Juan
June 19, 2018
The BRIO Tuscan Grille restaurant at The Mall of San Juan has shut down permanently, less than a month after Spice Private Equity closed the deal to acquire its parent company.
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Hurricane María ‘changed consumers’ in P.R., who now buy food more frequently
June 12, 2018
The passing of Hurricane María last September left in its wake a changed consumer, who now makes more frequent trips to buy food, not only a grocery stores, but at alternative retail establishments as well.
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Walmart investing $10.8M to remodel Ponce, Bayamón stores
June 6, 2018
Walmart Puerto Rico announced plans to remodel its stores in Baramaya in Ponce and Bayamón, at a cost of $10.8 million.
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WEPA!BOX PUERTO RICO debuts to showcase local goods
June 1, 2018
Looking to promote the island’s economy, WEPA!BOX PUERTO RICO made its official market debut Thursday as a subscription-based service through which buyers will get a monthly package with an assortment of locally produced goods.
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Furniture stores, gas stations stimulate P.R.’s retail sales
May 29, 2018
Puerto Rico’s retail sales for the month of January 2018 totaled $2.8 billion, representing a 6.7 percent growth when compared to the same period in 2017, when total sales were $2.6 billion.
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Forteza expands line of fine chocolate products; bets on local cocoa bean harvest
May 24, 2018
Motivated by a strong growth in sales, Forteza Caribbean Chocolate announced the expansion of the offer of flavors that make up the line of fine chocolate bars Forteza One Bar, supported by an aggressive strategy to increase the cultivation of cocoa beans in Puerto Rico to meet the local and international demand.
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Walgreens to invest $35M drugstore recovery, expansion efforts post hurricanes
May 24, 2018
Walgreens will invest $35 million in recovery and expansion efforts in Puerto Rico, where it owns 108 drugstores, a number of which were severely damaged by Hurricanes Irma and María last year.
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$10M Pueblo grocery store to open in Carolina urban center May 30
May 23, 2018
Local grocery store chain Pueblo announced the upcoming opening of a new, $10 million location in the town of Carolina’s urban center, on May 30.
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Popeyes Louisiana Kitchen invests $3M to open 15th restaurant in P.R.
May 21, 2018
Best known for its Louisiana spicy cuisine, Popeyes Louisiana Kitchen announced the opening of its 15th restaurant in Puerto Rico since they first started operations on the island 13 years ago.
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Retail Sales Assoc. lobbies for end of inventory tax as part of Tax Reform
May 15, 2018
Less than a month before the start of this year’s hurricane season, the Retail Sales Association once again urged the government to eliminate the tax on inventories as part of the Tax Reform being crafted for Puerto Rico.
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