Retail sales reported by Puerto Rico’s commercial establishments during the January to December 2015 period reflected a 1.42 percent year-over-year drop, with sales down by $544.7 million to $37.8 billion, Puerto Rico Trade and Export revealed Thursday.
Puerto Rican artisan wholesale bakery Cidrines announced Wednesday a significant expansion of its stateside reach through the delivery of its fresh pastries and breads to more than 500 stores across the Florida market.
In association with a local retail partner, Tiffany & Co. will open its first store in Puerto Rico in coming months at The Mall of San Juan, Nathan Strauss, director of corporate communications for the luxury jewelry store chain confirmed to News is my Business.
JLL, a professional services and investment management firm, announced this week it has expanded its scope to serve retailers and investors with expanded services out of Puerto Rico, including retail tenant representation, landlord representation, property management and investment sales.
With an investment of $38 million and the creation of 256 new jobs, Walmart inaugurated Wednesday a new Supercenter in Hatillo, through which it hopes to positively impact the commercial activity of the island’s northwest area and economic development as a whole.
True Value Company on Tuesday announced National Lumber and Hardware as the newest purchasing partner of the cooperative.
Home goods retailer Anna’s Linens, which made its debut in Puerto Rico a little more than three years ago, has begun its going-out-of-business sale as part of a company-wide bankruptcy proceeding.
Caribbean Trading Co., a souvenir and specialty gift shop in Río Grande, announced Tuesday it has received a TripAdvisor Certificate of Excellence award.
Puerto Rican consumers have reduced the how much they spend on monthly groceries by 14 percent, to $425 from $492, representing a major challenge to local retailers, this year’s edition of the Puerto Rico Marketing, Industry and Food Distribution Chamber’s Consumer X-Ray study revealed.
CPG Real Estate, the company tasked with developing the upscale Paseo Caribe project in San Juan, announced Wednesday the arrival of high-profile retail tenants, as well as the availability of residences at Bahía Plaza, the newest of the three towers at the complex.
The business relationship between local frappe maker La Frutera and Walmart Supercenters has helped the local chain find growth, as more than half of its sales, or 54 percent, are generated through its presence within the mega-retailer, company officials said.
Local signs and visual graphics provider FASTSIGNS of Guaynabo has been named one of the top centers out of more than 570 locations worldwide at the “2015 FASTSIGNS International Convention,: which was recently held in Dallas, Texas.
When Puerto Rico’s newest shopping center, The Mall of San Juan, opens today, it will do so with about a third of the tenant mix it expects to populate the 650,000 square-foot retail space by year’s end.
The opening of The Mall of San Juan is in three days, and anticipation about the full list of first tenants is building up as the clock ticks away.
With two weeks left before it opens on Mar. 26, more retailers have confirmed their intentions to set up shop at the The Mall of San Juan, some of which will be making their local debuts.
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