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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Walmart planting flag in Toa Baja with $31M Supercenter
March 14, 2012
Joined by a contingent of municipal and central government officials, Walmart Puerto Rico announced Tuesday the construction of its future $31 million Supercenter store in Toa Baja, expected to open at the end of this year.
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Orgánica yogurts to be sold at SuperMax
March 13, 2012
Local yogurt maker Orgánica Yogurt Inc. recently signed an agreement with Puerto Rican grocer SuperMax to begin selling its thick, creamy yogurt products at seven of the chain’s 16 stores, company officials announced.
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Feds likely to nix using nutritional assistance funding to pay for fast-food meals
March 7, 2012
The possibility that the federal government will give the green light to expanding Supplemental Nutritional Assistance Program benefits to include restaurants is practically zero, as Congress is looking to make funding cuts to lessen the system’s impact on the national budget.
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Shoe Carnival opening 4 ‘footwear destination’ stores in P.R. this year
March 7, 2012
Footwear retailer Shoe Carnival’s planned entrance into the Puerto Rico market entails opening four stores that will create between 200 and 300 new jobs before the end of the year, Todd Beurman, senior vice president of marketing for the Indiana-based company told News is my Business Tuesday.
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Ace Hardware rebranding True Value stores to enter local market
March 6, 2012
Puerto Rico’s hardware store market is about to add a new player with the arrival of Illinois-based Ace Hardware, which recently acquired the operations of True Value de Puerto Rico and its 13 stores, News is my Business learned. The financial terms of the agreement were not available Monday.
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‘Malta’ maker recalls dozens of bottles sold in P.R. over injury risk
February 23, 2012
The Florida Brewery Inc. announced late Wednesday the recall of more than 30 lots of Goya, Great Value, Hatuey, Mr. Special, Polar, and SuperMax brand non-alcoholic “malta” beverages packaged in 7-oz bottles because glass on the exterior of the bottles may break when the twist-off cap is removed and can result in cuts to the mouth.
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Shoe retailer DWS Inc. scouting P.R. market, opening 1st store in Plaza Carolina
February 20, 2012
Designer Shoe Warehouse, best known as DSW Inc., will be opening its first store in Puerto Rico this year, at Plaza Carolina.
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P.R. retail sales reach $35.3B in ’11, up 3% year-over-year
February 15, 2012
Puerto Rico’s retail sales reached $35.3 billion in 2011, reflecting a $1 billion year-over-year growth, which government officials said Tuesday is a sign “that consumers are keeping optimistic and the island’s economy is maintaining its pace toward recovery.”
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Cupid generates $17.6B in Valentine’s Day sales
February 14, 2012
If the empty shelves and aisles at several local retail establishments is any indication, Puerto Rican consumers may be spending the same, if not more, than what they did last year to shower their loved ones with candy, flowers and jewelry this Valentine’s Day.
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Made in Puerto Rico restaurant in expansion mode
February 9, 2012
Walking into the “Made in Puerto Rico” restaurant in Dorado is like taking a trip back to a time when life was simpler and homemade meals were served at the dinner table to bring the family together.
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Amazon facing $500K fine for nixing free shipping to P.R.
February 8, 2012
The Consumer Affairs Department has issued a fine against online retailer Amazon for failing to reasonably support its decision to take the “Super Saver” free away shipping benefit from Puerto Rico consumers, News is my Business learned Tuesday.
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Payco ice cream making comeback to supermarket freezers
February 8, 2012
That familiar freckled-face boy who in the 1980s personified the Payco ice cream brand is making a comeback, as parent company Payco Foods Corp. announced Tuesday the relaunching of its line of creamy frozen treats that were a favorite among Puerto Rico consumers back then.
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