PriceSmart Announces Plans to Build Two New Warehouse Clubs in Guatemala and Jamaica
In June 2019, the Company acquired nearly 150,000 square feet of land in Cayal (Zone 5 municipality), southeast of Guatemala City, Guatemala, where it plans to build its fifth club in Guatemala.
- In June 2019, the Company acquired nearly 150,000 square feet of land in Cayal (Zone 5 municipality), southeast of Guatemala City, Guatemala, where it plans to build its fifth club in Guatemala.
- In September 2019, the Company acquired approximately 218,000 square feet of land in Portmore, a suburb west of the capital of Jamaica, where it plans to build its second club in Jamaica.
- We also believe there is strong demand for expansion of our business model and warehouse clubs in Jamaica.
- The Company also plans to open new warehouse clubs in Cayal, Guatemala and Portmore, Jamaica in the fall of 2021 and the spring of 2022, respectively.