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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Small businesses take part in government-sponsored exports forum
July 8, 2011
More than 100 local local entrepreneurs had the chance to learn about new programs and services to increase their exports or begin the process of exporting, as well as establishing ties with local and federal officials, international business experts and international banking and insurance professionals during Thursday’s Global Access Exporter Forum.
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MCS, Health Dept. break up after 9 months, affecting 800,000 beneficiaries
July 8, 2011
Nine months after being selected to participate in the government’s public healthcare program, insurance provider MCS has reportedly walked away in a move that could affect more than 800,000 beneficiaries.
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Euroclass, Autos Vega file for Ch. 11 protection
July 7, 2011
European car dealership Euroclass Motors and Autos Vega, the island’s largest Ford Dealership, filed for Chapter 11 bankruptcy protection Wednesday, News is my Business has learned.
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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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P.R. included in MasterCard’s ‘Priceless Cities’ program
July 7, 2011
Puerto Rico’s pristine beaches and slew of entertainment options have long made it one of the most exciting destinations in the world. However, in recent years, the economy has presented a challenge that the tourism industry has addressed with creative campaigns.
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Trio of wine enthusiasts looks to offer unique tasting, buying experience
July 7, 2011
Local wine aficionados in search for high-quality liquors now have a place to go find them, after the recent opening of Aficionado’s Wine & Spirits, a business in Guaynabo dedicated to managing superior, unique brands currently not represented in Puerto Rico.
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New $40M rum distillery opens in Cidra
July 6, 2011
Coca Cola Puerto Rico Bottlers, in conjunction with the Puerto Rico Industrial Development Company, announced Wednesday the start of operations of a its new rum distillery on the island, Club Caribe.
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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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PPP process starts for LMM
July 5, 2011
Companies interested in pursuing the management contract for the Luis Muñoz Marín International Airport in Carolina have until Aug. 8 to submit their requests for qualifications to participate in the bidding process.
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IVU, Law 154 boost Treasury collections in May
July 5, 2011
General fund collections reached $625 million in May, representing an increase of $88 million, or 16.4 percent when compared to the same month in 2010, the Treasury Department said Monday.
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New cruise ship incentives law signed
July 5, 2011
The cruise ship industry, a cornerstone of the island’s tourism economy, will be getting expanded incentives and benefits when anchoring in Puerto Rico, following the approval of a sweeping law that will also favor the distribution chain, service providers and tour operators.
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Fortuño signing Housing Stimulus program extension today
July 5, 2011
Gov. Luis Fortuño will be signing a six-month extension to the 2011 Housing Stimulus law today, giving would-be homebuyers the chance to take advantage of exemptions on closing costs and taxes.
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Crowley buys Puerto Rico Freight Systems
July 1, 2011
Jacksonville-based Crowley Holdings Inc., parent company of the 119-year-old Crowley Maritime Corporation, announced Friday it has acquired the business and assets of Puerto Rico Freight Systems in Guaynabo, for an undisclosed amount.
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Bankruptcies down 15% in June
July 1, 2011
Island bankruptcy cases for the month of June were down 15 percent, with personal cases filing the most marked drops, a preliminary tally from Boletín de Puerto Rico released Friday showed.
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