MIDA: Puerto Rico consumers have ‘adapted’ to crisis
June 21, 2013
Puerto Rican consumers in charge of making household food purchases are increasingly adapting their buying strategies to their economic circumstance, buying more generic or private-label goods, using manufacturers coupons and adding longer-lasting frozen foods to their shopping list.
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Op-Ed: A shopper’s experience at IKEA Puerto Rico
June 18, 2013
After the long-awaited and much-touted arrival to the local market, IKEA, the Swedish/Dutch company founded by Ingvar Kamprad in 1943, opened its first store in Puerto Rico in Bayamon, last week. The concept unveiled is modeled after the one in the Canary Islands, Spain and the Dominican Republic, called an “IKEA Point” (Punto IKEA).
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Consumer X-Ray: Puerto Rico buyers savvier, more strategic
May 29, 2013
The 21st edition of the Marketing, Industry and Food Distribution Chamber’s “Consumer X-Ray” study shows a Puerto Rican consumer who has evolved and adapted to an economic crisis that is not yet over, to become a “strategic, savvy buyer.”
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Y&R launches ‘Labstore’ division to track shopper trends
May 16, 2013
Young & Rubicam unveiled Wednesday its new shopper marketing division, known as Labstore, through which it will develop strategies that “positively engage shoppers at the point of sale.”
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New Plaza Loíza to unveil novel shopping experience
May 6, 2013
San Juan consumers are in for a novel food shopping experience when seafood & meats emporium Plaza Loíza Corp. inaugurates its newest multi-million outlet at El Norte Shopping Center. But don't expect management to let you in on its plans.
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Puerto Rico still Caribbean’s leading shopping destination
February 6, 2013
With 15 million square feet of shopping center space, over 20 of U.S. and world-renowned retail brands and top shopping center operators, Puerto Rico remains the shopping Mecca of the Caribbean, according to leading experts participating in this year's 2013 ICSC Caribbean Conference, organized by the International Council of Shopping Centers (ICSC).
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Ahead: Retail sector must ‘evolve, adapt’ in ’13
January 1, 2013
While much has been said about “economic uncertainty” and “consumer confidence,” the fact is that Puerto Rico’s economy has been in a state of disarray for so long it has become the new normal. So says Francis González, vice president of property management for DDR Corp., owners of 15 shopping centers islandwide.
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Bankers Association, Visa offer holiday budget tips
December 11, 2012
With just two weeks to go before Christmas, many consumers are looking for safer and more efficient ways to shop. At this time of the year, it is particularly important to practice financial responsibility and to take precautions to ensure secure transactions
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Banco Popular brings back ‘Martes de Plaza’
November 28, 2012
Banco Popular de Puerto Rico announced that as part of its commitment to customer appreciation, it is bringing back, for the fourth year running, the traditional “Martes de Plaza” discounted shopping events.
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Centros Isla launches ‘ValuText’ location-based mobile marketing program
October 4, 2012
Centros Isla, operators of 15 shopping centers in Puerto Rico, announced Wednesday the launch of “ValuText,” a location-based, text message service exclusive to its malls that couples physical retail assets with state-of-the-art, location-based mobile marketing.
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Taubman breaks ground on $405M upscale Mall of San Juan
September 21, 2012
Taubman Centers Inc. and New Century Development broke ground Thursday on the 650,000-square-foot Mall of San Juan, the island's first luxury retail development that will feature the first Saks Fifth Avenue and Nordstrom in the Caribbean.
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laShoppinista.com, an online retail consulting concept for women
September 17, 2012
It’s no secret that Puerto Rico consumers love to shop. With that in mind, and to help the female population make wise purchases.
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MIDA study reveals growing consumer frugality
July 13, 2012
Mass migration of Puerto Rico residents, the struggle to find value propositions, the variety of affordable meals at fast food restaurants, the lack of product accessibility, and empty shelves have been determined as reasons why local shoppers are spending 10 percent less on their monthly grocery bills, a study by the Marketing, Industry and Food Distribution Chamber, known as MIDA, revealed Thursday.
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MIDA’s Consumer X-Ray study shows shoppers mindful of their pockets
June 13, 2012
Puerto Rico consumers reduced their monthly grocery spending by 10 percent year-over-year to $507 in 2012 from $561 in 2011, marking the first time a drop has been registered since 2005, the Marketing, Industry and Food Distribution Chamber, known as MIDA, said Tuesday.
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Op Ed: Saving on everyday shopping, a working mom’s point of view
June 5, 2012
As a mom to three kids — a teenager among them — keeping my finances in check while pleasing everyone’s needs and wants can be a tough balancing act.
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