Retail sales to increase by 3.3% during Christmas season
November 22, 2011
Just two days before the biggest shopping weekend of the year, Puerto Rico Trade predicted Tuesday that retail sales will increase by 3.3 percent during the Christmas season, if the pattern in local consumer purchases maintains the same growth rate registered in the period ended in September 2011, which was $2.9 million.
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87 defendants in Britto knock-off case fail to negotiate, will face judge Dec. 29
November 21, 2011
Some 87 retailers and wholesalers doing business in Puerto Rico that were sued in September for selling counterfeit Romero Britto items are facing what could be significant finds for not coming forward to negotiate, the lead attorney in the pop artist’s lawsuit, Dora Peñagarícano, told News is my Business.
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Shoe Carnival targets P.R. market for ’12 expansion
November 18, 2011
Indiana-based retailer Shoe Carnival announced Thursday its plans to break into the Puerto Rico market next year through the opening of four new stores.
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Kmart Puerto Rico expands with opening of new smaller concept
November 16, 2011
Just in time for the holidays and with the goal of keeping up with changing consumer shopping trends, Kmart Puerto Rico recently opened a new store concept in Puerto Rico called "Kmart Express," where it offers only the merchandise with more demand at regular Kmart stores.
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Walmart adding locally harvested mushrooms to its product offer
November 14, 2011
Walmart Puerto Rico is pushing ahead with its goal of expanding its support of local agriculture with the addition of locally harvested white button mushrooms purchased from from Aibonito-based Setas de Puerto Rico Inc.
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T.J.MAXX marks 1st year in P.R. by opening 3 new stores
November 9, 2011
Off-price retailer T.J.Maxx is marking its first anniversary of operations in Puerto Rico with the opening of three new stores in Carolina, Ponce and Caguas, on Nov. 10.
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MIDA pursues sparking awareness on P.R.’s food future
November 7, 2011
Puerto Rico imports a staggering 80 percent of all of the food that its nearly four million residents consume, a fact that compels thought and strategy on how to ensure there will be enough to go around now and in the future.
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OneLink backs Choice Cable’s complaint against PRT
November 3, 2011
San Juan metropolitan area cable provider OneLink Communications stepped up Wednesday in support of Choice Cable’s decision to file a complaint against Puerto Rico Telephone (Claro) for what it claims to be an illegal build-out of its Internet Protocol Television network.
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Burlington expanding local footprint in response to strong consumer demand
November 3, 2011
In the wake of the success it has had since its arrival to the Puerto Rico market, retailer New Jersey-based Burlington is moving forward with expansion plans for 2012, with the opening of at least two new stores, high-ranking company officials confirmed Wednesday during a meeting with members of the local media.
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iShop marking 1st year in P.R., launching credit program
October 29, 2011
Apple authorized reseller iShop Puerto Rico is marking its first year on the island by giving local consumers the ability to buy equipment and devices on credit, upon reaching an agreement with direct financing with GE Money, Mariemma Monroig, general manager of the retail chain said Friday.
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DACO suing Amazon for discriminating against P.R. consumers
October 26, 2011
After failed attempts to convince online retailer Amazon to reinstate its free shipping option to Puerto Rico, the Consumer Affairs Department is preparing to file a lawsuit against the Seattle, WA-based company for discriminatory practices, News is my Business confirmed Tuesday.
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For mega-mall operators ‘makeovers’ is the name of the game
October 24, 2011
Shopping center operators, such as DDR Corp., that manage a sizeable portfolio of malls are looking more toward remodeling existing properties rather than building new ones from scratch — a trend that will likely stick for the next two or three years, John Kokinchak, senior executive vice president of the company told News is my Business in a recent interview.
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$25M Walmart Supercenter planned for Toa Baja
October 19, 2011
Walmart Puerto Rico is pushing forward with its expansion plans on the island, revealing plans to build a Supercenter in Toa Baja entailing a $25 million investment.
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DDR pumping $50M to redevelop 4 island malls
October 17, 2011
DDR Corp. announced Monday plans to redevelop four shopping centers in Puerto Rico – Plaza del Sol and Rexville Plaza in Bayamon, Plaza del Norte in Hatillo and Plaza Escorial in Carolina, at a cost of $50 million.
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Walmart’s Humacao store undergoing $11M expansion
October 13, 2011
Walmart Puerto Rico is investing $11 million to add 30,000 square feet of new space to the Humacao store that anchors the eastern town’s Plaza Palma Real mall, company officials confirmed Wednesday. The remodeled store will be re-inaugurated Dec. 8.
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