Study: Retailers could lose $8.4B if power is out 6 mos.
October 23, 2017
Puerto Rico’s retail sector stands to lose more than $8.4 million if power remains down for more than six months, the Retail Business Association warned Monday.
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Portable generators save the day for Loíza St. small biz
September 18, 2017
For Puerto Rico’s small business sector, left in the dark post Hurricane Irma, the key to returning to near normalcy was having a portable power generator.
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Plaza Las Américas spends $5M on energy efficiency
September 4, 2017
It’s been another busy year at Plaza Las Américas, as its management cut overhead, carried out mall upgrades to the tune of $5 million and welcomed new stores while others closed.
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‘MyPark’ app to reserve parking spaces debuts in PR
August 11, 2017
Starting this week, Puerto Rico residents will have a new parking alternative in several malls, with the arrival of “MyPark,” a system that allows them to reserve a space using their mobile phone.
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Rosa Mexicano operator files Ch. 11, citing $3.6M in debt
August 10, 2017
Ocean Front Hospitality Group, owner of the Rosa Mexicano franchise in Puerto Rico, has filed for Chapter 11 bankruptcy protection, citing more than $3.6 million in debt, this media outlet learned Wednesday.
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TITLE Boxing Club franchise to enter PR, DR markets
August 9, 2017
TITLE Boxing Club, a boutique boxing fitness franchise with more than 170 clubs across the U.S. mainland, announced Tuesday a new international deal that will bring the brand to Dominican Republic and Puerto Rico.
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Domino’s franchisee HFS Corp. closes all stores in PR
August 2, 2017
HFS Corp. — a franchisee for Domino’s Pizza in Puerto Rico — announced Wednesday the closing of nine stores on the island, after seeking bankruptcy protection earlier this year, this media outlet confirmed.
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Coopharma adopts software to boost patient services
August 2, 2017
PrescribeWellness, the cloud-based services company that seeks collaboration for better health, announced a partnership with the Puerto Rican cooperative of community pharmacies, Coopharma, which will be using its software solution to increase medication adherence, patient loyalty and health.
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PR’s 1Q17 retail statistics out under new methodology
July 31, 2017
Puerto Rico Trade and Export released the island’s most recent set of retail sales figures for the first quarter of 2017, generated using a new methodology announced earlier this year.
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Private sector takes fight against Caguas tax to court
July 13, 2017
Faced with a recent 70 percent hike in municipal taxes payable to Caguas, a group of companies representing a broad sample of businesses — restaurants, supermarkets, cash & carries, retail store chains, and telecommunications carriers — filed a lawsuit against the town to challenge the levy.
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Private sector balks at Caguas tax hike, town defends
July 7, 2017
Private sector representatives got together Thursday to blast the Caguas municipal government for what they called an “excessive and discriminatory” tax increase that took effect July 1 and affects businesses making more than $3 million in revenue.
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Sam’s Club swaps imported melons for local product
June 20, 2017
Sam's Club Puerto Rico announced Monday it has substituted another product line that was formerly imported with local produce from Puerto Rican farmers.
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Verbena to open at the Trocadero Diverplex in Hato Rey
June 2, 2017
Following the worldwide trend of multi-spaces where there is food, drink and entertainment, Verbena — a new business in that category — will open this month at the Trocadero Diverplex in Hato Rey.
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Denny’s parks food truck in Hato Rey, 1st for entire chain
May 19, 2017
Denny’s Puerto Rico, operated by franchisee Marpor Corp., has rolled into Hato Rey in what is the first food truck for the company on the island and nationwide, Ricardo González, vice president of the local restaurant chain confirmed Thursday.
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Study: Women ‘wield the power’ in PR consumer market
May 18, 2017
On an island where 52.3 percent of the population is female, there is no doubt that when it comes to driving the local economy, women are at the wheel, leveraging their considerable impact as market influencers and trendsetters.
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