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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4 new retailers join Ponce’s Plaza del Caribe mall, CompUSA opening 2nd local store
October 7, 2011
Plaza del Caribe Mall in Ponce will wrap up 2011 with four new tenants, including the second CompUSA location on the island, mall executives announced Thursday.
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Rigual closes after 61 years in business, drags $5M in debt
October 6, 2011
The list of once thriving companies dragged under by Puerto Rico's long-running recession and the tightening of the bank credit spigot keeps growing longer. The recent demise of Rigual Inc., a popular wholesale/retailer of floral and party supplies based in a quiet San Juan neighborhood for 61 years, is just one more example of how the ongoing economic climate can undo decades of success and hard work by management and employees.
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Victoria’s Secret’s arrival about 6 weeks away
October 5, 2011
Puerto Rico’s first Victoria’s Secret location will open in about six weeks, capping years of anticipation for the retailer’s arrival. The buzz is that the nearly 14,000 square-foot store will go “live” Nov. 17.
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‘Coupon-clipping’ trend gets boost from retailers, manufacturers
October 3, 2011
In the last month, two major health and home care product manufacturers have joined forces with retailers to distribute a pair of glossy catalogs including hundreds of dollars worth of discount coupons, further fueling their use in Puerto Rico, where consumers have been feeling the pinch of relentless cost of living increases.
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Plaza Las Américas submits highest bid for Borders lease
September 13, 2011
A day before the last of the remaining Borders stores on the island is slated to close, Plaza Las Américas confirmed it has submitted the highest bid for the 34,000 square-foot prime location in the Hato Rey mall.
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Plaza Las Américas makes a move for Borders’ location
September 7, 2011
Plaza Las Américas will submit an offer before the U.S. Bankruptcy Court for the Southern District of New York to retain the space that will soon be vacated by Borders bookstore, as part of its liquidation process, the mall’s management said Wednesday in what seems like a surprise move.
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Plaza Las Américas Borders lease to be auctioned Sept. 20
September 6, 2011
The Plaza Las Américas Borders bookstore will be auctioned by a New York bankruptcy court on Sept. 20, opening the door for a group of local investors headed by entrepreneur Amaury Rivera to pick up the lease for the once thriving operation.
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