Currently, of the $1.6 billion in annual purchases from about 300 suppliers, distributors and companies located in Puerto Rico, Walmart invests around $500 million in locally manufactured or harvested products.
Executives Jorge Agüelles-Morán, president of the United Retailers Association, and Iván Báez, president of the Puerto Rico Retail Sales Association, offer their predictions for this year's holiday shopping season on the island.
Plaza Las Américas, the largest shopping center in Puerto Rico and the Caribbean, is marking 50 years of doing business on the island, where it has grown from an 800,000 square-foot mall in 1968 to a 2 million square-foot mega retail center now.