P.R. consumers spending 4% less on groceries this year
May 25, 2016
Puerto Rico consumers are spending 4 percent less on their groceries this year, in comparison to 2015, to $406 from $425 a month, representing the lowest out-of-pocket expenditure registered in the last decade, this year’s edition of the Puerto Rico Marketing, Industry and Food Distribution Chamber’s Consumer X-Ray study revealed.
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Wine business thriving despite tanking P.R. economy
May 2, 2016
The island economy is in the tank, some 200 Puerto Ricans get on a plane each day to seek opportunities elsewhere, and today the cash-strapped government expects to default on $470 million in payments to creditors.
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The Bookmark opens 2nd local shop at Plaza Carolina
April 29, 2016
With an investment upward of $100,000, The Bookmark is partnering with book publishing company Penguin Random House to launch its second bookstore at the Plaza Carolina shopping center in the municipality of Carolina.
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P.R. retail sales down 3.71% year-over-year in Jan.
April 28, 2016
Puerto Rico retail sales started 2016 in a slump, reflecting a 3.71 percent year-over-year drop in January, or $113.3 million less than what was generated during the same month in 2015, Puerto Rico Trade and Export reported Wednesday.
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New stores arriving to Plaza del Caribe, Mall of San Juan
April 28, 2016
A lineup of new retail tenants is opening at two Puerto Rico malls, Plaza del Caribe in Ponce and The Mall of San Juan in the metropolitan area.
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P.R.’s 1st $500K Wendy’s Café opens in Guaynabo
April 19, 2016
Executives from Wendco de Puerto Rico, the franchisee of the Wendy’s restaurant chain on the island, announced Monday the reopening of its San Patricio location, which now includes the first Wendy’s Café in Puerto Rico.
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RocketFix Mobile enters P.R.’s device repair market
April 13, 2016
RocketFix Mobile, a Puerto Rican company that “seeks to become the mechanic for your cellphone” announced plans to have eight stores operating throughout the island next month, all inside Sears locations.
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Urban Outfitters opening at The Mall of San Juan in Sept.
April 8, 2016
Lifestyle and fashion apparel retailer Urban Outfitters Inc. will be opening its first store in Puerto Rico in September at The Mall of San Juan, this media outlet has learned.
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P.R. gov’t to appeal ‘Wal-Mart tax’ invalidation
March 29, 2016
The Commonwealth will appeal the decision by U.S. District Judge José A. Fusté invalidating the transfer pricing tax applied to Wal-Mart, Gov. Alejandro García-Padilla said Monday, while blasting the judge for “taking away $100 million” from the people of Puerto Rico.
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The Mall of San Juan marks 1st year with full agenda
March 16, 2016
The Mall of San Juan is marking its first anniversary next week with a full agenda of events and plans to open at least 10 stores this year, mall officials confirmed Tuesday.
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4 new stores to open at The Mall of San Juan
March 11, 2016
As it approaches its first anniversary, The Mall of San Juan announced Thursday the addition of four new stores to its retail lineup. Opening soon will be Krispy Kreme, Letran Joyeros, Luis Antonio and Think Big Store.
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Migration fuels 1.4% drop in P.R. retail sales in ’15
March 4, 2016
Retail sales reported by Puerto Rico’s commercial establishments during the January to December 2015 period reflected a 1.42 percent year-over-year drop, with sales down by $544.7 million to $37.8 billion, Puerto Rico Trade and Export revealed Thursday.
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Dunkin’ Donuts plans to open 50 stores in Puerto Rico
February 23, 2016
Less than two years after a court-ordered shutdown of all of it’s local Dunkin’ Donuts stores, Dunkin’ Brands announced Monday it is looking for a franchisee to re-enter the market to develop 50 restaurants throughout the island in the next seven years.
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Cidrines bread, pastry footprint covers 500 U.S. stores
February 11, 2016
Puerto Rican artisan wholesale bakery Cidrines announced Wednesday a significant expansion of its stateside reach through the delivery of its fresh pastries and breads to more than 500 stores across the Florida market.
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Gov’t: P.R. retail sales show 3% YOY drop in Oct. ’15
February 10, 2016
Puerto Rico retail sales for the month of October 2015 — the most recent available from the government — showed a 3 percent drop in comparison to the same month in 2014, to $3.1 billion.
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