Jorge Argüelles, who swore into his position as president of the United Retailers Association over the weekend, believes Puerto Rico needs more entrepreneurs, and he’s setting out to develop them.
Puerto Rico food retailers lose some $116 million as a result of shoplifting, inefficiency and negligence in managing inventory, employee theft or fraud, according to the "Portrait of the Food Industry" study released by the Puerto Rico Chamber of Food Marketing, Industry and Distribution (known as MIDA by its Spanish acronym.)
A survey of members of the United Retailers Association revealed that 50 percent think their sales will be better or the same as last year.