Systemax Inc., parent company of Tiger Direct technology and computer goods retailer, announced Wednesday it will be closing 31 of its 34 stores to focus on other revenue channels, leaving just one surviving location in Puerto Rico.
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QUOTE OF THE WEEK:
“After 10 years of Act 247-2015 [Law for the Promotion of Reusable Bags and the Regulation of the Use of Plastic Bags], we must seriously examine whether public policy has produced the expected effects.
We need to see the full picture: protecting the environment, weighing costs for consumers and ensuring viability for retailers. Our duty is to consider amendments or new strategies that bring a fair and effective balance for Puerto Rico.”
— Sen. Nitza Morán, chairwoman, Puerto Rico Senate Committee on Economic Development, Small Business, Banking, Commerce, Insurance and Cooperativism
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