Puerto Rico’s 1st Red Lobster eatery to open Dec. ’16
January 26, 2016
Puerto Rican firm Restaurant Operators Inc. announced Monday that construction on the first Red Lobster restaurant in Puerto Rico will begin in May, through an investment of $2 million.
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Walmart P.R. workers included in announced pay hike
January 21, 2016
More than 1.2 million Walmart U.S. and Sam’s Club associates will receive a pay increase under the second phase of the company’s two-year, $2.7 billion investment in workers, to a minimum of $10 an hour, the company announced Wednesday.
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Several store closings rattle Puerto Rico’s retail sector
January 12, 2016
Several retailers are ringing in 2016 by exiting the market, with the confirmed closings of several stores at The Mall of San Juan and throughout the island.
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La Familia Pawn & Jewelry inaugurates 21st store
December 22, 2015
La Familia Pawn & Jewelry recently inaugurated its 21st store in Puerto Rico, a 2,500 square-foot location in the town of Guaynabo.
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Costco to invest $2.5M in 1st gas station at Carolina store
December 15, 2015
Costco Wholesale Corp. will finally be able to break ground on its first gasoline station in Puerto Rico, a $2.5 million project that recently got the go-ahead from the Puerto Rico Permits Management Office.
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Retailers peg annual shoplifting-related losses at $490M
December 10, 2015
Puerto Rico retailers and the government are losing some $490 million in annual revenue as a result of shoplifting and organized crime, members of the Puerto Rico Marketing, Industry and Food Distribution Chamber said Wednesday.
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American Cut Bar & Grill to open in P.R. is 1st for chain
December 10, 2015
When it opens next Tuesday at The Mall of San Juan, the American Cut Bar & Grill restaurant will become the first of its kind that parent LDV Hospitality opens outside the U.S. mainland, and the flagship for the new concept that will be expanded to other stateside markets in the near future.
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8 stores, eateries opening at The Mall of San Juan in Dec.
December 7, 2015
American Cut Bar & Grill and BRIO Tuscan Grille are among the eight new shopping and dining options that will debut before the end of this year — seven of which are exclusive to the market — at The Mall of San Juan.
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Puerto Rico retailers believe sales will improve this year
November 24, 2015
A survey of members of the United Retailers Association revealed that 50 percent think their sales will be better or the same as last year.
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H&M to open at Plaza del Sol, new tenants for Plaza
November 17, 2015
Swedish clothing retailer H&M will make its Puerto Rico debut with two stores next year, with the first one likely to open at Plaza del Sol in Bayamón, for which it is already seeking management staff, according to its website.
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JLL expands real estate services in P.R. to include retail
October 23, 2015
JLL, a professional services and investment management firm, announced this week it has expanded its scope to serve retailers and investors with expanded services out of Puerto Rico, including retail tenant representation, landlord representation, property management and investment sales.
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Plaza del Caribe $40M renovation nearly completed
October 22, 2015
Following an investment of some $40 million, the renovation of the Plaza Del Caribe shopping center is nearing completion, mall officials said Wednesday.
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Empresas Fonalledas buys Starbucks licensing rights
August 20, 2015
Starbucks Coffee Company and Baristas Del Caribe, LLC, an affiliate of Empresas Fonalledas, a family-owned Puerto Rican group of companies, announced Wednesday that Baristas Del Caribe has acquired exclusive rights to operate Starbucks 19 stores in Puerto Rico.
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Gelato & Co. Italian creamery opens at SJ Marriott
August 17, 2015
With an investment of $200,000, Italian creamery Gelato & Co. has officially opened its first location in Puerto Rico, as a joint venture with the San Juan Marriott Resort & Stellaris Casino, company officials announced Sunday.
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Retail activity picking up with openings, new arrivals
August 10, 2015
Retail activity is picking up at several local malls, with new store openings in San Juan, Caguas, Ponce and Barceloneta next month, this media outlet confirmed.
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