SME study: 53% of P.R.’s adults scale back on purchases
October 28, 2016
More than half, or 53 percent of Puerto Rico’s adult population, confirmed in a recent study that they have stopped buying products or services because of the island’s economic situation.
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Montehiedra mall reborn as outlets after $20M overhaul
October 11, 2016
Urban Edge Properties, owners of the Montehiedra Mall in San Juan recently announced the conversion of the 600,000 square-foot shopping center into the metropolitan area’s first outlets, at an investment of $20 million.
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P.R. consumers spending 4% less on groceries this year
May 25, 2016
Puerto Rico consumers are spending 4 percent less on their groceries this year, in comparison to 2015, to $406 from $425 a month, representing the lowest out-of-pocket expenditure registered in the last decade, this year’s edition of the Puerto Rico Marketing, Industry and Food Distribution Chamber’s Consumer X-Ray study revealed.
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