MIDA study reveals growing consumer frugality
July 13, 2012
Mass migration of Puerto Rico residents, the struggle to find value propositions, the variety of affordable meals at fast food restaurants, the lack of product accessibility, and empty shelves have been determined as reasons why local shoppers are spending 10 percent less on their monthly grocery bills, a study by the Marketing, Industry and Food Distribution Chamber, known as MIDA, revealed Thursday.
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Stateside shopping center trade group taps local architect for key committee
June 14, 2012
Puerto Rico has more than 100 shopping malls, which generate about 20 percent more sales per square foot than their counterparts on the U.S. mainland.
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MIDA’s Consumer X-Ray study shows shoppers mindful of their pockets
June 13, 2012
Puerto Rico consumers reduced their monthly grocery spending by 10 percent year-over-year to $507 in 2012 from $561 in 2011, marking the first time a drop has been registered since 2005, the Marketing, Industry and Food Distribution Chamber, known as MIDA, said Tuesday.
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FastSigns sets up shop in Guaynabo, plans 4 more stores
May 25, 2012
FastSigns, a Texas-based signage, graphics and visual communications company, officially opened its first local franchise in Guaynabo on Thursday, marking its first foray into the Puerto Rico market.
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Plaza Las Américas starts $12M improvement project
May 22, 2012
Plaza Lás Americas announced Tuesday the start of a $12 million renovation project that includes improvements to the Hato Rey mall’s exterior, a new, wider entrance and 300 additional parking spaces.
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Microsoft Store concept coming to Plaza las Américas
May 19, 2012
Microsoft Corp. confirmed Friday it has reached an agreement with Plaza las Américas in Hato Rey to open its first Microsoft Store at the mall, officially joining the retail sector to sell its technology products under its own roof.
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Construction starts on $405M ‘The Mall of San Juan,’ formerly known as Plaza Internacional
May 17, 2012
Taubman Centers, Inc. announced Thursday that construction will begin this summer on the $405 million, 640,000-square-foot luxury shopping center formerly known as Plaza Internacional, now re-named The Mall of San Juan, located just off the Teodoro Moscoso Bridge in San Juan.
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More than 30 eateries participating in ‘P.R. Restaurant Week’
May 11, 2012
For seven days starting May 14, fine-dining enthusiasts will have the chance to experience some of the San Juan metropolitan area’s best restaurants, which will be offering a three-course “prix fixe” dinner menu (including appetizer, entrée and dessert) for either $29 or $39, as part of Puerto Rico Restaurant Week.
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Anna’s Linens after ‘big slice’ of home goods retail pie
May 4, 2012
Puerto Rico’s retail market continues to draw new players, this time with the arrival of home goods chain Anna’s Linens, which plans to invest more than $3.7 million to open five stores on the island this year, company President Alan Gladstone told News is my Business Thursday.
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Pasta To Go franchise opens in Isla Verde
April 27, 2012
Pasta To Go Enterprise, which specializes in fresh pasta dishes, opened its third location in Puerto Rico Thursday, moving into a strip mall in Isla Verde to cater to the busy tourist zone.
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CompUSA opens 2nd P.R. store in Ponce
April 26, 2012
CompUSA announced Wednesday the opening of a new store at the Plaza Del Caribe mall in Ponce, its second location on the island, creating 50 new jobs.
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Local restaurant operator investing $20M to open 8 Olive Garden eateries in P.R.
April 23, 2012
Local franchisee Restaurant Operators Inc. announced Monday it has entered into an agreement with Darden Restaurants Inc. to develop and operate eight Olive Garden restaurants and a minimum of three additional LongHorn restaurants in Puerto Rico over the next seven years.
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Best Buy closing Las Catalinas store in Caguas
April 14, 2012
Struggling electronics retailer Best Buy announced Saturday it will be closing its store in Caguas, located at the Las Catalinas mall, effective May 12.
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Michaels Arts & Crafts scouting for staff for 3 P.R. stores
April 5, 2012
A decade after exiting the local market, Michaels Arts and Crafts is looking to come back to Puerto Rico with at least three stores, News is my Business learned.
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Yogen Früz blankets SJ metro area, adds San Patricio location to mix
March 22, 2012
Frozen yogurt and smoothie chain Yogen Früz is not letting up on its plans to blanket the greater San Juan metropolitan area anytime soon, announcing the opening of its newest shop at the San Patricio Town Center in Guaynabo and plans for nine more locations before the summer.
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