P.R.’s retail sector lost $28.8B in sales due to Hurricane María
March 8, 2018
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.
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Half of Burlington’s PR stores to remain shut thru Spring
January 8, 2018
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.
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More stores open at PR Premium Outlets in Barceloneta
December 11, 2017
Puerto Rico Premium Outlets’ management announced additional stores that have opened at the center bringing the count of stores currently open to 23.
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Breaking with 28-year history, ToysRUs to start Black Friday sales on Thanksgiving
November 21, 2017
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.
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Study: Retailers could lose $8.4B if power is out 6 mos.
October 23, 2017
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.
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Tenants at DDR’s 12 PR malls reopening after María
October 5, 2017
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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Retailers to present ‘Future of Retail’ on Sept. 27
September 18, 2017
The Puerto Rico Retail Association, known as ACDET in Spanish, will host an event Sept. 27 focusing on “The Future of Retail,” Lymaris Otero, executive director of the trade group announced.
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Sam’s Club in Los Colobos abruptly closed Wednesday
July 20, 2017
The management of Sam’s Club confirmed the closing of its store at Los Colobos, in Carolina, effective Wednesday.
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Private sector takes fight against Caguas tax to court
July 13, 2017
Faced with a recent 70 percent hike in municipal taxes payable to Caguas, a group of companies representing a broad sample of businesses — restaurants, supermarkets, cash & carries, retail store chains, and telecommunications carriers — filed a lawsuit against the town to challenge the levy.
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New methodology applied to PR retail sales report
July 12, 2017
Puerto Rico Trade and Export announced Tuesday a new methodology and sampling to be used to develop the island’s retail sales report, looking to publish a more accurate result by Puerto Rico’s commercial establishments, the agency’s executive director Ricardo Llerandi said.
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TOUS to open newest store at The Mall of San Juan
May 10, 2017
Jewelry store TOUS, headquartered in Spain, announced Tuesday the opening of its eighth store in Puerto Rico.
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Lido Jewelers opens store at The Mall of San Juan
May 5, 2017
Lido Jewelers opened its newest store at The Mall of San Juan Thursday, adding to the mix of retail tenants at the two-year-old shopping center.
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Loíza St. bustling with new small business activity
May 1, 2017
Amid the economic gloom currently pervading Puerto Rico, one bright spot stands in firm contrast: Loíza Street.
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Fine jewelry retailer Posh Haus opens in Paseo Caribe
April 28, 2017
With an initial investment of more than $500,000, Posh Haus is the new fine jewelry and design house that joins the ever-growing list of tenants that have already opened their doors in the commercial area of Paseo Caribe in San Juan.
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P.R. Products Association to host #DíaHechoEnPR event
April 20, 2017
The Puerto Rico Products Association will host #DíaHechoEnPR, a full-day event on April 28, when it will unveil an agenda that will target education, motivation and recognition to those responsible for moving the Puerto Rican economy through their local products and services.
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