Santo Domingo

PriceSmart Announces Property Acquisitions in Panama and the Dominican Republic

Retrieved on: 
Monday, May 21, 2018
PriceSmart, Americas, Geography of North America, Warehouse club, Santo Domingo, Santiago de los Caballeros, Dominican Republic, Warehouse, Panama City, Economy

SAN DIEGO, May 21, 2018 /PRNewswire/ --PriceSmart, Inc. (NASDAQ: PSMT) today announced that in May 2018, it acquired land in Panama and the Dominican Republic upon which the Company plans to construct new warehouse clubs.

Key Points: 
  • SAN DIEGO, May 21, 2018 /PRNewswire/ --PriceSmart, Inc. (NASDAQ: PSMT) today announced that in May 2018, it acquired land in Panama and the Dominican Republic upon which the Company plans to construct new warehouse clubs.
  • In Panama, the site is in the city of Santiago and, upon completion, will be the sixth PriceSmart warehouse club in Panama.
  • In the Dominican Republic, the site is in the city of Santo Domingo and, upon completion, will be the fifth PriceSmart warehouse club in the Dominican Republic.
  • PriceSmart, headquartered in San Diego, owns and operates U.S.-style membership shopping warehouse clubs in Latin America and the Caribbean, selling high quality merchandise at low prices to PriceSmart members.

PriceSmart Announces April Sales; and Opening of New Warehouse Club in Santo Domingo, Dominican Republic

Retrieved on: 
Monday, May 7, 2018
PriceSmart, Warehouse club, Warehouse, Santo Domingo, Economy, Business, Geography of North America

There were 40 warehouse clubs in operation at the end of April 2018 and 39 warehouse clubs in operation at the end of April 2017.

Key Points: 
  • There were 40 warehouse clubs in operation at the end of April 2018 and 39 warehouse clubs in operation at the end of April 2017.
  • For the 8-week period ending April 29, 2018 comparable warehouse club sales for the 39 warehouse clubs open at least 13 1/2 months increased 2.7%.
  • PriceSmart, Inc. also announced that on May 3, 2018, the Company successfully opened a new warehouse club in Santo Domingo, Dominican Republic, bringing to 41 the total number of warehouse clubs in operation by the Company.
  • This warehouse club is the Company's fourth warehouse club in the Dominican Republic.