Wal-Mart, Health Dept. team up to run free vaccination clinics
April 20, 2011
Wal-Mart and Sam’s Club are joining forces with the Health Department in a vaccination drive for children and youth between the ages of two months and 18 years. The health clinics will take place April 25-30 at stores throughout the island.
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MasterCard sees consumer confidence rebounding
April 5, 2011
Mario Pérez (Credit: © Mauricio Pascual) Puerto Rican consumers appear to be getting their confidence back, at least when it comes to swiping their MasterCard at the cash register. Such is the conclusion that Mario Pérez, general manager for MasterCard’s Caribbean region, offered based on last quarter’s performance levels on the island and throughout Latin […]
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Borders Carolina store closing April 15
April 5, 2011
Time is running out for the Borders bookstore in Carolina, which is set to close on April 15 — just two weeks shy of the contractual deadline that Illinois-based Hilco Merchant Resources, LLC has to finish liquidating as much as it can from the stores destined to close.
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Stateside Sbarro Ch. 11 petition spares P.R. operation
April 4, 2011
Fast-food Italian eatery chain Sbarro filed for Chapter 11 bankruptcy protection for its stateside business, a decision that is not expected to affect the local eight-restaurant operation, News is my Business learned Monday.
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Latin American McDonald’s owner plans $1B IPO
March 25, 2011
Arcos Dorados Holdings Inc., parent company of Puerto Rico’s McDonald’s restaurant chain, announced Friday its planned debut as a public company on Wall Street with an initial public offering of nearly 62.5 million Class A shares to be listed on the New York Stock Exchange.
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Morton’s The Steakhouse parent mulling possible sale of chain, including local eatery
March 21, 2011
Morton’s The Steakhouse in San Juan Chicago-based Morton’s Restaurant Group Inc., parent company of Morton’s The Steakhouse, an upscale eatery that has called the Caribe Hilton hotel its home for the past decade, may be seeking a buyer. The restaurant operator announced last week it is exploring “strategic options,” for its 77 steakhouse restaurant chain […]
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Plaza Carolina in line for a facelift
March 17, 2011
Plaza Carolina, the island’s second-largest shopping center, will be getting a facelift starting this Spring when an undisclosed amount will be pumped into sprucing up the retail complex, owner Simon Property Group Inc. said Thursday.
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El Amal seeks Chapter 11 protection, again
February 25, 2011
El Amal closed its doors a week ago. (Credit: © Mauricio Pascual) Almost a week after closing down its local operation, El Amal’s parent company, A+HC Holding Inc., filed for Chapter 11 bankruptcy protection, buckling to the island’s ongoing economic problems and the banking crisis they said compounded their operational problems. This is the second […]
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El Amal agrees to reopen a store for 30 days to fill prescriptions
February 24, 2011
El Amal will open a single store on Friday. (Credit: © Mauricio Pascual) Health Department officials said Thursday they reached an agreement with the owners of El Amal to open a single store in the San Juan metropolitan area, to fulfill prescriptions that were left pending when the drugstore chain closed its doors late last […]
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El Amal closes 22 local stores
February 19, 2011
El Amal’s owners left only a brief note on the door to announce the closing. (Credit: © Mauricio Pascual) Local drugstore chain El Amal closed down its 22 stores Saturday, taping only a brief note on the door to explain its decision to customers. It has been reported that some 600 people will lose their […]
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Borders liquidation sales begin Saturday
February 18, 2011
Expecting it to be a “short sale,” Borders Group on Saturday will begin liquidating everything at the 200 stores it will close as part of its Chapter 11 procedure, including the Carolina and Mayagüez locations.
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Borders files for Chapter 11, 2 P.R. stores closing
February 16, 2011
Michigan-based mega books retailer Borders Group filed for Chapter 11 bankruptcy protection in a New York court on Wednesday, confirming industry reports that it would seek to reorganize deteriorated finances.
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Valentine’s Day weekend shaping up as profitable for retailers
February 12, 2011
If predictions by the National Retailers Federation are on target, stores will be flooded with love-struck shoppers this Valentine’s Day weekend. The Washington, D.C.-based trade group is predicting that $15.7 billion in flowers and chocolates — and of course, jewelry — will fly off the shelves in what is expected to be the first major […]
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PR beverage producer to begin exporting to FL
February 7, 2011
Puerto Rican manufacturer Pan American Properties announced Monday it will be expanding its ready-to-drink cocktail product line, Gasolina Urban Blends, to Florida. The export plans call for teaming up with Premier Beverage, which has begun distributing the product in the southern U.S. jurisdiction, the company announced Monday. “We are very excited to introduce Gasolina Urban Blends to […]
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Retail sales show signs of improvement during first 10 months of ’10
February 1, 2011
Credit: Wikipedia Commons Puerto Rico’s retail sales for the first 10 months of 2010 exceeded $28.5 billion, reflecting a slight year-over-year growth of 1.26 percent, according to the latest figures revealed by Puerto Rico Trade on Tuesday. Through October 2009, retail sales reached $28.2 billion. Despite the overall growth, there were still several retail segments […]
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