Borders going-out-of-business sales to start Friday, stores to close by September
July 19, 2011
Borders Group, parent of the U.S. mainland’s once-dominant book retailer, is marking the final chapter of its 40-year history by seeking the U.S. Bankruptcy Court’s approval Friday to sell itself off to a liquidator, a decision that is expected to immediately trigger a going-out-of-business sale that will wrap up sometime in September.
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Borders on track for liquidation, P.R. exit likely
July 15, 2011
The decision Thursday by the U.S. Bankruptcy Court judge overseeing the Borders Chapter 11 proceeding could send the bookstore chain, which still has one location left in Puerto Rico, into a liquidation of its assets.
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Sony Puerto Rico franchising retail concept, looks to open 3 new stores in ’12
July 11, 2011
Sony Puerto Rico is looking to expand its local footprint, and generate opportunities for island entrepreneurs in the process, by franchising its Sony Style retail operation to open three new stores starting late 2012, News is my Business has learned.
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MIDA resolves to defend federal nutritional aid, push for restoring $450M SNAP funding
July 10, 2011
The Marketing, Industry and Food Distribution Chamber resolved Saturday to lobby — at the local and federal levels — to protect the close to $2 billion in federal funds Puerto Rico receives to float the Nutritional Assistance Program during next year’s Farm Bill review, organization officials said during its general assembly.
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Supermarkets must focus on technology, trends, to draw consumers
July 9, 2011
The changing economy is making it a virtual requirement for the food industry, especially supermarkets and other retailers, to stay ahead of trends to attract consumers, said Phil Lempert, known stateside as the "Supermarket Guru” for his reputation as one of the leading analysts of consumer behavior trends in the food industry.
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Consumer X-Ray: Preferences defined by generation; younger shoppers price conscious
July 7, 2011
Puerto Rican consumers are clearly divided according to generations, with each reflecting unique sets of likes and tastes, as well as their own way of shopping. The commonality among all groups, however, is that they are increasingly more demanding, educated and sophisticated.
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Borders parent selling itself off at the end of the month, fate of last local store pending
July 6, 2011
The fate of the last remaining Borders bookstore in Puerto Rico will likely be known in about two weeks when its Ann Arbor, Mich.-based parent company goes to U.S. Bankruptcy Court to seek permission to sell itself. If the petition is denied, the beleaguered bookstore will have to liquidate the assets it has left, including its Plaza las Américas location.
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Plaza las Américas reshuffles tenants, adds more stores to mix
June 29, 2011
The Plaza las Américas shopping center in Hato Rey will be adding two new tenants to its mix — CH Carolina Herrera boutique and the Disney Store — by the end of the year, mall operators announced Tuesday.
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Retail sales get jumpstart in ’11
June 15, 2011
Retail sales apparently got off on the right foot this year, reflecting a 4.2 percent year-over-year increase in January, according to the latest statistics Puerto Rico Trade released Tuesday.
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Pottery Barn closing in Plaza las Américas
June 7, 2011
Just a little over three years after opening its first store in Puerto Rico, home décor retailer Pottery Barn is reportedly closing its doors at the mall.
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P.F. Chang’s China Bistro opening in Plaza las Américas
June 6, 2011
P.F. Chang’s China Bistro is making its entrance into the Puerto Rico culinary arena with the opening of its first restaurant at Plaza las Américas, local franchisee International Restaurant Services Inc. announced Monday. The two-story, 8,000 square-foot restaurant will be located at the mall’s first level, between the entrances to Borders and BBVA, with access […]
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Olive Garden eyes Dorado for 1st local restaurant
June 3, 2011
Popular sit-down Italian restaurant chain Olive Garden is looking to establish its first location on the island, at the Doramar Plaza mall in Dorado, News is my Business has learned.
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Consumer X-Ray preliminary results point to ‘savvy, cost-conscious’ shopper
June 2, 2011
Puerto Rican consumers are increasingly becoming more sophisticated and savvy when it comes to buying the food they consume, as they look for quality at good prices, the Food Marketing Industry and Distribution Chamber said Wednesday during a “sneak peek” of this year’s Consumer X-Ray study results.
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Chef Treviño’s Casa Lola Criollo Kitchen opens June 6
June 1, 2011
Local chef and restaurateur Roberto Treviño is less than a week away from opening his newest restaurant, Casa Lola Criollo Kitchen, just a short stretch down Ashford Avenue in Condado from where his three other other restaurants are located. The trendy eatery, which entailed remodeling the historic structure at an investment of more than $500,000, […]
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Health-conscious fast-food chain UFood Grills to open in P.R.
May 23, 2011
Healthy fast-food restaurant UFood Grill is poised to enter the local market later this year with the first of eight planned locations in Puerto Rico, Boston-based UFood Restaurant Group Inc. announced.
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