Well-known Puerto Rican men's clothing store La Esquina Famosa has returned to Plaza Las Américas after a 10-year, investing $250,000 to open its newest location that is the sixth location for the retailer.
Puerto Rico’s retail sales for the month of January 2018 totaled $2.8 billion, representing a 6.7 percent growth when compared to the same period in 2017, when total sales were $2.6 billion.
Best known for its Louisiana spicy cuisine, Popeyes Louisiana Kitchen announced the opening of its 15th restaurant in Puerto Rico since they first started operations on the island 13 years ago.
Less than a month before the start of this year’s hurricane season, the Retail Sales Association once again urged the government to eliminate the tax on inventories as part of the Tax Reform being crafted for Puerto Rico.
Simon-Plaza Carolina Mall announced the next phase of store re-openings, more than seven months after Hurricane María destroyed a significant portion of the shopping center.
Supermercados ECONO announced the launch of “ECONOMiAPP,” a new mobile app that is part of a consumer loyalty program that offers conveniences such as accumulating points and discount coupons, among other perks.
Burlington Stores announced it will re-open its Canóvanas store April 6, six months after Hurricane María caused severe damage to it, as well as to the retailer’s 10 other Puerto Rico locations.
Representatives from Puerto Rico’s retail sector confirmed activity is near normalcy six months after Hurricane María generated product shortages and problems at the ports during the first few weeks after the storm.
Marcus Lemonis, chairman of Illinois-based Camping World Holdings, announced via Twitter on Monday that the company will open an Overton’s store in Puerto Rico, “as promised.”
Puerto Rico lost an estimated $28.8 million in sales and reflected a 12 percent reduction in its payroll in the first four months after Hurricane María passed through the island, mostly due to the lack of power that kept businesses closed, according to research presented during a forum held by the Retail Association.
Six of retailer Burlington's 11 stores in Puerto Rico will remain closed through Spring, as they recover from damages sustained after the passage of Hurricane María last September, this media outlet confirmed.
Puerto Rico Premium Outlets’ management announced additional stores that have opened at the center bringing the count of stores currently open to 23.
Marking what will be a first in 28 years, retailer ToysRUs will open at 5 p.m. Thanksgiving Day to begin its “Black Friday” sales in Puerto Rico, this media outlet learned.
Puerto Rico’s retail sector stands to lose more than $8.4 million if power remains down for more than six months, the Retail Business Association warned Monday.
Mall operator DDR Corp. said all 12 of its Puerto Rico properties are now “clean and safe” and most anchor tenants are reopening as conditions allow.
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