MIDA sues gov’t over Puerto Rico ‘national tax’
December 19, 2013
The Puerto Rico Marketing, Industry and Food Distribution Chamber (MIDA for its Spanish acronym), filed a lawsuit Thursday against the government, asking the San Juan Superior Court to declare the so-called “national tax” unconstitutional and order the Treasury Department to immediately publish exemption regulations.
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ICSC convention to focus on regional retail opportunities
December 17, 2013
The International Council of Shopping Centers is gearing up to host its 4th annual regional convention in Puerto Rico in February 2014, with an agenda of presentations that seek, among other objectives, to lay out opportunities for local retailers to export their goods and services, event organizers told this media outlet in an interview Monday.
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Young Subway employees become newest entrepreneurs
December 13, 2013
Focused on making a better future for themselves and their loved ones, a group of Subway employees are today's most recent entrepreneurs thanks to their joint effort to create the "Sandwich Artists with Ambitions" initiative.
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Taco Maker grows to U.S., LatAm; launches new concept
December 12, 2013
The owners of the Taco Maker chain in Puerto Rico are setting their sights on other markets on the U.S. mainland and in Central and Latin America to fuel growth in 2014, when the company also plans to expand on a newly introduced modular restaurant concept they believe is the cornerstone to successfully bucking local economic conditions.
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Starbucks Coffee to open at Gallery Plaza
December 12, 2013
Even as Starbucks Coffee Puerto Rico LLC readies to unveil a new store on Loíza St., it is scouting for prime locations for the new stores planned for 2014 in an investment that could reach $1.5 million, said a company official.
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Red Mango yogurt chain to open 5 stores in Puerto Rico
December 9, 2013
Red Mango, one of the fastest-growing retailers of all-natural nonfat and low fat frozen yogurt and fresh fruit smoothies, is expanding to Puerto Rico with plans to open five stores in the next six months, through a $1.5 million investment that will create 75 jobs, company officials announced Monday.
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Arcos Dorados opens 3 new McDonald’s in Puerto Rico
December 6, 2013
Arcos Dorados, the company that operates the McDonald’s brand in Latin America and the Caribbean, announced the opening of three new restaurants in Puerto Rico that will generate a combined 240 jobs, Luis Raganato, regional director of Arcos Dorados said Thursday.
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Salvation Army, Walmart Puerto Rico join for toy drive
December 6, 2013
The Salvation Army and Walmart have teamed up for the "Fill the Truck" campaign, urging the public to donate toys to Puerto Rico children whose families are economically disadvantaged.
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Marco’s Pizza chain entering Puerto Rico with 40 stores
November 19, 2013
Ohio-based Marco's Pizza, the fastest growing pizza franchise in the United States with 1,500 new franchise deals signed, is set to bring its authentic Italian flare to Puerto Rico, having recently inked a deal to open 40 stores over the next nine years.
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Waffler Avenue cafés opening in San Patricio, Condado
November 14, 2013
Waffler Avenue, a local retail concept created by Puerto Rican entrepreneur Rey Ramón, will open this week in the San Patricio area of Guaynabo to offer its menu of Belgian waffles, specialty coffee and handcrafted chocolates.
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Restaurants open in Santurce, Isla Verde
November 14, 2013
Metropolitan area foodies have two new options in fine dining with the recent openings of a pair of restaurants featuring very different menus. While newcomer Bodega Las Tablas in Santurce offers authentic Spanish fare, Salt Gastrobar in Isla Verde serves up modernist cuisine, combined with innovative luxury cocktails.
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Puerto Rico retail sales up .50% YOY in August
November 8, 2013
Puerto Rico retail sales reported a slight year-over-year uptick of .50 percent in August with sales reaching $2.96 billion in comparison to the same month in 2012, when activity reached $2.95 billion, representing a $15 million jump in sales, Puerto Rico Trade and Export Executive Director Francisco Chévere confirmed Thursday.
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Shoe Carnival adds 3 new stores to Puerto Rico footprint
November 6, 2013
A little less than 18 months after entering the local market footwear retailer Shoe Carnival is keeping its momentum going with the addition of three new stores this month, and plans to open at least five more in the next two years, Todd Beurman, senior vice president of marketing, said Tuesday.
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Puerto Rico retail sales down 0.3% in July
October 31, 2013
Puerto Rico’s retail sales were down 3 percent year-over-year in July — the most recent statistic available for the sector — when some $2.94 billion in activity was reported.
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7th LongHorn Steakhouse to open at Hyatt Place Manatí
October 31, 2013
Executives from the LongHorn Steakhouse chain announced Wednesday plans to open its seventh restaurant in Puerto Rico, at the Hyatt Place Manatí & Casino Atlántico, currently in its final stage of construction.
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