Blockbuster reportedly exiting Puerto Rico market
June 3, 2013
Movie and gaming retailer Blockbuster has spent the past three months quietly closing its stores in Puerto Rico, a market it could be possibly exiting by summer, this media outlet has learned.
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Macy’s to open 2nd Puerto Rico store in Ponce
May 31, 2013
Twelve years after making its local debut, retailer Macy’s Inc. announced Friday plans to open a new store in Ponce, in the fall of 2015. The two-level, 150,000 square-foot store will be located in Plaza del Caribe, owned by Empresas Fonalledas.
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Consumer X-Ray: Puerto Rico buyers savvier, more strategic
May 29, 2013
The 21st edition of the Marketing, Industry and Food Distribution Chamber’s “Consumer X-Ray” study shows a Puerto Rican consumer who has evolved and adapted to an economic crisis that is not yet over, to become a “strategic, savvy buyer.”
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Retailers lobby for security network in wake of crime wave
May 29, 2013
United Retailers Association President Enid Monge urged the creation of a security network for businesses in the wake of the crime wave that has directly affected the sector, which escalated this month.
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Retailers: If Treasury wants to increase collections, it must fix system
May 13, 2013
Worried about the potentially harmful effects that eliminating the business-to-business sales tax exemption would have on their businesses, retail executives recently concluded that if the Treasury Department want to increase its revenues, it needs to “correct and streamline” the process of capturing the sales and use tax to collect from evaders.
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New Plaza Loíza to unveil novel shopping experience
May 6, 2013
San Juan consumers are in for a novel food shopping experience when seafood & meats emporium Plaza Loíza Corp. inaugurates its newest multi-million outlet at El Norte Shopping Center. But don't expect management to let you in on its plans.
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Walmart to buy $1.9M in paper goods from local supplier
April 25, 2013
Walmart Puerto Rico announced Wednesday it has entered into a 12-month purchase agreement with local manufacturer Softex for $1.9 million in paper goods, which will substitute product imports, officials from both companies said.
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Restaurant association balks at end of ‘Buen Provecho’ program
April 24, 2013
The Puerto Rico Restaurant Association balked at the the Family Department's Socioeconomic Development Administration’s decision to nix the “Buen Provecho” initiative that for the past 29 months allowed the elderly, homeless and handicapped persons to use their nutritional assistance funds to buy prepared fast-food meals.
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Famous Dave’s BBQ franchise to open April 22
April 18, 2013
The authentic taste of down-home barbeque ribs and fixings will arrive to Puerto Rico in less than a week, when the first Famous Dave’s restaurant will officially open for business in Plaza Escorial in Carolina.
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The Mall of San Juan opening in March ’15
March 27, 2013
Taubman Centers and New Century Development Corp. announced Tuesday that $400 million The Mall of San Juan upscale retail project will have its grand opening in two years, on March 26, 2015.
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Karen Millen, Starbucks moving into Plaza Las Américas
February 28, 2013
British multinational women's designer clothing retailer, Karen Millen, which specializes in tailoring, coats and evening wear, will be opening its first store in Puerto Rico at the Plaza Las Américas shopping center in Hato Rey, this media outlet confirmed Wednesday.
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Walmart opens $56M Santurce megastore today
February 27, 2013
Walmart Supercenter Santurce opens its doors to the public at 6 a.m. today and the company expects between 10,000 and 12,000 visitors on its first day of business.
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Walmart opening in Santurce Feb. 27
February 18, 2013
As it readies to inaugurate its new signature store at Stop 18, Walmart is forging ahead with its plan to restructure its Puerto Rico store base by converting Walmart stores into supercenters. Another priority is buying more local products.
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1st of 20 Pollo Campero restaurants opening in Caguas
February 14, 2013
Pollo Campero, Latin America’s largest chicken restaurant chain known for its signature fried and grilled chicken and side dishes, will open its first restaurant in Caguas on Feb. 20, marking its official debut in Puerto Rico’s gastronomic arena.
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Puerto Rico still Caribbean’s leading shopping destination
February 6, 2013
With 15 million square feet of shopping center space, over 20 of U.S. and world-renowned retail brands and top shopping center operators, Puerto Rico remains the shopping Mecca of the Caribbean, according to leading experts participating in this year's 2013 ICSC Caribbean Conference, organized by the International Council of Shopping Centers (ICSC).
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