PriceSmart enters Colombia
Published:Wednesday | June 30, 2010 | 12:00 AM
PriceSmart Inc said Monday that it is buying almost 210,000 square feet of property in Barranquilla, Colombia, to build its first warehouse club in the country.
The transaction is currently planned to close this year. PriceSmart plans to open the warehouse club in the summer of 2011.
The company, based in San Diego, owns and operates membership shopping warehouse clubs in Central America and the Caribbean.
The chain now operates 27 warehouse clubs in 11 countries and one US territory including Costa Rica, Panama, Trinidad, Guatemala, the Dominican Republic, El Salvador, Honduras, Aruba, Barbados, Jamaica, Nicaragua and the United States Virgin Islands.
- AP