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 […]
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 […]
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 […]
The Agriculture Department announced Monday that effective Jan. 20, the price of fresh milk will increase by 10 cents a quart, meaning that consumers will pay as much as 40 cents more at the register. Agriculture Secretary Javier Rivera Aquino made the announcement made after a lengthy hearing at the U.S. District Court in San […]
Minneapolis-based retailer Best Buy Co. Inc. announced Monday the launch of its 2011 “@15 Scholarship” program, through which up to 1,200 college-bound students from the U.S. mainland and Puerto Rico can benefit from scholarships from the company. Students in grades 9-12 planning to enter college are eligible for the award program which has already distributed […]
Credit: Carlos Anguita U.S. District Court Judge Carlos Domínguez on Wednesday sided with the Puerto Rico Farm Bureau granting its petition for an increase in the price of fresh milk, to compensate for their operational costs. During a hearing, the judge ordered the Milk Industry Regulatory Office, known as ORIL, to comply with Regulation 12 […]
Credit: Carlos Anguita Puerto Rico’s dairy farmers, represented by the Puerto Rico Farm Bureau, will publicly expose their sector’s economic problems during a hearing Tuesday by the Milk Industry Regulatory Office (ORIL, by its initials in Spanish) to determine whether there is a need for a hike in the price of fresh milk. During the […]
Gift card sales are expected to reach $91 billion this holiday season, fueled by new regulations and consumer protections, a stateside research firm said.
Iconic jeans manufacturer Levi’s is making its debut in the Puerto Rico market with the opening of its first two outlet stores, at the Route 66 Outlet Mall in Canóvanas and Prime Outlets in Barceloneta. Although company officials refrained from providing details about their entrance into the local retail market — size of the stores, […]
With just 10 days until Christmas, the National Retail Federation revised its original sales growth prediction for the season to 3.3 percent, one percentage point higher than its original 2.3 percent year-over-year growth projection. The optimistic change responds to “ improvement in a variety of economic indicators including stock market gains, recent income growth, savings […]
Casual footwear retailer Crocs Inc. has doubled its presence on the island by opening two new locations in Plaza Las Americas and Plaza Carolina. The new stores that opened last month joined the ones in Barceloneta and Old San Juan, which opened earlier this year. “Puerto Rico is a great market for Crocs and a […]
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