Retailers optimistic about upcoming holiday shopping season
November 7, 2019
Although Puerto Rico’s retail sales registered a 14% increase in 2018, it has seen a 4% drop so far this year, which is why the sector emphasized the importance of the government’s decision to pay the Christmas bonus to public employees. Gov. Wanda Vázquez confirmed this week that public employees will receive their stipend, which […]
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Burlington opens 12th location in P.R. at Plaza Las Américas
November 7, 2019
Off-price retailer Burlington Stores announced the upcoming opening of its 12th store in Puerto Rico at Plaza Las Américas, on Nov. 15. The new 60,264 square-foot Burlington store will offer brand-name merchandise for the family and home, at low prices. This new store has hired approximately 200 associates, elevating its total employee roster to 1,000 […]
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JetBlue expands free entertainment lineup with launch of new onboard content partners
November 7, 2019
JetBlue is providing customers with more inflight entertainment options based on their feedback with the launch of its newest onboard offerings from Showtime, Spotify, Inscape and PressReader. Starting this month, customers onboard the airline’s HD touchscreen-equipped aircraft can access full seasons of shows from Showtime, podcasts from Spotify, the day’s biggest headlines from PressReader, curated […]
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3 Sears, 5 Kmart stores closing in Puerto Rico, pushing total to 14
November 6, 2019
TransformCo, parent company of Sears and Kmart announced an additional eight Sears and Kmart stores will be closing in Puerto Rico. The closure, which includes five Kmart and three Sears, responds to part of the restructuring and transformation process through which the store chain has been working for the past year. The stores closing include […]
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Tourism industry showing potential as main player in P.R.’s economy
November 6, 2019
After the gradual recovery it showed after Hurricane María’s destruction to the island in 2017, the tourism industry is already exhibiting its potential to become a main player in Puerto Rico’s economic upturn, a study commissioned by the Puerto Rico Hotel and Tourism Association confirmed. Hotel registrations increased to 1.58 million in August 2019, compared […]
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P.R.’s post-disaster recovery presents an ‘urgent need for housing’
November 6, 2019
The current phase of Puerto Rico’s post-disaster recovery will be defined primarily by the urgent need for housing, a panel of local and international experts convened by the Center for a New Economy to discuss housing policy in post-disaster contexts. Federal funding, such as the Community Development Block Grant-Disaster Recovery (CDBG-DR) funds, will be instrumental […]
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Tech transfer key to innovation, opportunities for P.R.’s business sector
November 6, 2019
Global competition is exceedingly moving companies that want to continue developing need to improve and diversify their product and service offerings. To achieve that, it makes sense to invest time and effort to stay current. Such were some of the conclusions of a roundtable headed by the Puerto Rico Science, Technology and Research Trust, the […]
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P.R. could quadruple labor productivity, boost GDP to 3.8% through AI adoption
November 6, 2019
Puerto Rico’s economy could “greatly benefit” at the structural level with the opportunities brought by technologies such as the cloud or artificial intelligence, which could boost its GDP to 3.8% in the next decade, according to a study presented by Microsoft Corp. “The impact of AI on the Puerto Rico labor market” is a study […]
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Supermercados Amigo pumps $7.8M to improve shopping experience at its 12 stores
November 6, 2019
Supermercados Amigo announced it invested $7.8 million in the remodeling of its 12 stores islandwide to improve the shopping experience through innovation. As part of the renovation, stores have new paint and signage on the outside and inside, as well as a mini deli area, refrigerators with fresh-cut fruits and a greater variety and quantity […]
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TRYP by Wyndham Isla Verde unveils $3M remodeled spaces
November 6, 2019
The TRYP by Wyndham Isla Verde boutique hotel unveiled the remodeling of its meeting and event rooms, located on the property’s penthouse level, following a $3 million investment General Manager Consuelo Carrero confirmed. The event area has 2,410 square feet of flexible space, with capacity for between six and 200 guests in their different configurations. […]
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New Denny’s restaurant opens in Guaynabo, Santa Isabel is next
November 6, 2019
Family casual dining restaurant chain Denny’s announced the opening of its 15th location in Puerto Rico, in Guaynabo, and plans to open another establishment in Salinas next year, at a combined investment of $3 million. Marpor Corporation, the local franchisee and operator of Denny’s restaurants in Puerto Rico, said the new restaurant in Guaynabo is […]
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Plaza Palma Real mall in Humacao reopens after $20M renovation
November 6, 2019
Plaza Palma Real in Humacao is marking its 25th anniversary with the unveiling of a $20 million renovation to its facilities, which were significantly damaged by Hurricanes Irma and María in September 2017, owners Retail Value Inc. confirmed. The mall expects to have some 50 tenants in operation before the end of 2020, mall executives […]
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Ferries del Caribe to build new $15M passenger, cargo terminal in SJ
November 5, 2019
Maritime transportation company Ferries del Caribe, which connects Puerto Rico and the Dominican Republic, confirmed its plants to build a new 50,000 square-foot terminal at Pier 15 in San Juan, owned by the Puerto Rico Ports Authority. The two parties signed a development agreement through which Ferries del Caribe will build out the $15 million […]
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PathStone marks 50 years transforming lives; Names P.R. native as CEO
November 5, 2019
Following 50 years of socio-economic contribution in the U.S. mainland and 20 in Puerto Rico, nonprofit PathStone Corp. is celebrating its track record of developing family and individual self-sufficiency by strengthening rural and urban communities. The organization has also appointed Puerto Rican Alex Castro, as CEO of the organization, promoting him from his current position […]
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Vigotsky Bilingual Academy launches Ricoh’s STEAM educational program
November 5, 2019
The Vigostky Bilingual Academy in Barceloneta implemented this semester Ricoh’s STEAM educational program, accessible to all students from kindergarten to eighth grade, school director Eliezer Morales said. Faithful believer that dreaming big is the seed that will pay off in his professional careers, Morales found in Ricoh’s program the tools to sow — and cultivate […]
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