P.R.’s retail sector lost $28.8B in sales due to Hurricane María
March 8, 2018
Puerto Rico lost an estimated $28.8 million in sales and reflected a 12 percent reduction in its payroll in the first four months after Hurricane María passed through the island, mostly due to the lack of power that kept businesses closed, according to research presented during a forum held by the Retail Association.
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P.R. grocer SuperMax unveils online shopping service
March 1, 2018
Puerto Rican grocery chain SuperMax unveiled a new service that will allow customers to shop online and have their purchase delivered or ready for pick-up at the store, company executives said
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Taubman: If Saks doesn’t reopen at The Mall of SJ, other stores may follow
February 28, 2018
Taubman Centers Inc., owners of a 95 percent stake at The Mall of San Juan, warned in its 2017 annual report that it may not fully recover the losses related to Hurricane María, and anticipated that if a major tenant or anchor store does not reopen, others may follow.
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Marshalls to open 21st P.R. store in Plaza Las Américas on Feb. 22
February 13, 2018
Retailer Marshalls, which has with more than 1,000 stores currently operating in 47 states, the District of Columbia and Puerto Rico will open is 21st store on the island at Plaza Las Américas on Feb. 22, store officials announced.
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The Mall of San Juan projected to make $10M in net operating income in ’18
February 10, 2018
Taubman Centers Inc., owners and operators of The Mall of San Juan, anticipated Friday that they will generate $10 million of net operating income (NOI) from that asset in 2018, some of which may come from sources other than sales activities.
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The Mall of San Juan owner has recovered $1.1M in insurance payments
February 9, 2018
Taubman Centers Inc., owner of The Mall of San Juan, confirmed Thursday it has collected a little more than $1.1 million in insurance recoveries related to damages sustained at the shopping center related to Hurricane María last September.
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Burger King invests $40M to remodel P.R. restaurants
February 7, 2018
Caribbean Restaurants and Burger King have undertaken a $40 million remodeling Project of its eateries in Puerto Rico to temper them to the new global design known as “Garden Grill,” company officials announced.
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Walmart to invest $10M to reopen Humacao Supercenter on April 11
February 6, 2018
Walmart Puerto Rico is investing $10 million in the reconstruction of the Humacao Supercenter located in Plaza Real, whose facilities were severely damaged by Hurricane María last September, Iván Báez, director of Public and Government Affairs confirmed.
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1st Red Lobster restaurant in P.R. opens in Plaza Las Américas
January 16, 2018
With an investment of $2 million and the creation of 170 jobs, the first Red Lobster restaurant in Puerto Rico will open for business today at the Plaza Las Américas mall in Hato Rey, company officials announced.
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Dave & Buster’s to open 1st P.R. location in Bayamón on Jan. 15
January 12, 2018
Dave & Buster’s first Puerto Rico location will open in Bayamón in Plaza del Sol on Jan, 15, boasting more than 40,000-square-feet of arcade games, ultimate sports viewing and one-of-a-kind food and drink offerings all under one roof.
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Saks Fifth Avenue will provide tentative reopening date to court later this month
December 21, 2017
Luxury retailer Saks Fifth Avenue agreed to provide the San Juan Superior Court a “non-binding reopening target date” of its store at The Mall of San Juan by Dec. 29, this media outlet learned.
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Reopening of Saks Fifth Avenue at The Mall of San Juan still up in the air
December 19, 2017
Saks 5th Ave., one of The Mall of San Juan’s two anchor tenants, expects to reopen the store that was devastated by Hurricane María on Sept. 20, but the specific date of when that will happen is still undetermined.
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Starbucks opens 1st new store in PR since Hurricane María
December 19, 2017
Starbucks Puerto Rico recently celebrated the opening of its 25th location on the island, a new café on the Metropolitan University (UMET) campus in Cupey, which is part of the Ana G. Méndez University System.
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Puerto Rican shoe store Novus invests $500K to open 1st store in Orlando
November 23, 2017
Puerto Rican shoe store chain Novus recently opened its first store in Orlando, Florida, located at the central atrium of the Florida Mall.
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Breaking with 28-year history, ToysRUs to start Black Friday sales on Thanksgiving
November 21, 2017
Marking what will be a first in 28 years, retailer ToysRUs will open at 5 p.m. Thanksgiving Day to begin its “Black Friday” sales in Puerto Rico, this media outlet learned.
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