As it readies to inaugurate its new signature store at Stop 18, Walmart is forging ahead with its plan to restructure its Puerto Rico store base by converting Walmart stores into supercenters. Another priority is buying more local products.
Pollo Campero, Latin America’s largest chicken restaurant chain known for its signature fried and grilled chicken and side dishes, will open its first restaurant in Caguas on Feb. 20, marking its official debut in Puerto Rico’s gastronomic arena.
Frozen yogurt chain Yogen Früz is maintaining a steady growth pattern in Puerto Rico, where it recently opened its 17th store, at the Plaza Los Palacios mall in Toa Alta. The new retail outlet generates 15 jobs, company officials said.
With 15 million square feet of shopping center space, over 20 of U.S. and world-renowned retail brands and top shopping center operators, Puerto Rico remains the shopping Mecca of the Caribbean, according to leading experts participating in this year's 2013 ICSC Caribbean Conference, organized by the International Council of Shopping Centers (ICSC).
Mega-mall developer DDR Corp. announced Wednesday plans to expand its redevelopment program on the island from $50 million to $90 million, creating additional space at its four shopping centers. As a result, it will sign up new tenants, including the first Bath and Body Works store in Puerto Rico, to be located in Plaza del Sol in Bayamón.
While much has been said about “economic uncertainty” and “consumer confidence,” the fact is that Puerto Rico’s economy has been in a state of disarray for so long it has become the new normal. So says Francis González, vice president of property management for DDR Corp., owners of 15 shopping centers islandwide.
Puerto Rico’s food industry eliminated 3,000 jobs during the 12-month period ended August 2012 and is bracing for the effects of a double-dip recession that could thwart sales, at least during the first half of 2013.
Anna’s Linens announced that, after the favorable reception it has had since entering the local market, the retailer decided to open its sixth store in Puerto Rico ahead of schedule. The new 15,000-square-foot store — the home goods retailer’s largest store in Puerto Rico — is located at the Mayaguez Mall, at Borders’ former location, and it required an investment of approximately $900,000. The store is scheduled to open its doors Dec. 13.
San Diego, CA-based pet specialty retailer Petco quietly opened its first store in Puerto Rico Monday in Río Piedras, setting up shop in a 11,000 square-foot space that houses a full line of grooming services and dog training as well as a watersports department.
A second location of budding lingerie chain Blossom, owned by entrepreneur Nanette Rodríguez, recently opened at the Villas de San Francisco Plaza II mall in San Juan.
With an investment of more than $31 million — and the creation of 500 new jobs — Walmart Puerto Rico this week celebrated the opening of its new Supercenter in the town of Toa Baja.
She has been a savvy shopper for many years, but about five years ago, mother of three Wanda Malavé took on the task of learning how to master the use of manufacturers coupons in Puerto Rico.
Walgreens announced Monday the official launch of its customer loyalty program, offering ways to save, earn points and get rewarded for purchases, services and healthy behaviors.
The upcoming corporate relocation of a leading convenience store chain to a long-shuttered Loíza Street building, from which it will also run a Quiznos Sub, offers further proof of the ongoing revitalization that is pumping considerable money and breathing renewed vigor into this well-known San Juan area unique for embracing all economic classes: from low-income and middle class to the rich.
Office supplies and services retailer Office Depot will be hosting thousands of teachers at select retail stores across the U.S. and Puerto Rico as part of its annual “Teacher Appreciation Week” event.
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