PriceSmart in store expansion | Chain Store Age
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PriceSmart keeps expanding its portfolio.
The membership warehouse club operator has opened a location in Liberia, Costa Rica, giving it a total of 46 locations. It is PriceSmart’s eighth store in Costa Rica.
“We believe the opening is a real testament to the talents and dedication of the PriceSmart team,” said CEO Sherry S. Bahrambeygui. “The U.S. team and the executive leadership team planned and orchestrated the construction and opening, while the in-country team executed flawlessly, showing that we can and will adapt and grow under the most challenging of circumstances.”
The company also announced that it is resuming construction of a new warehouse club in Bogota, Colombia. It will be Price Smart’s eight location in Colombia and is expected to open in the second fiscal quarter of 2021.
“We believe that Colombia remains an excellent growth market for us, driven by its population and our ability to leverage our infrastructure across multiple locations,” said Bahrambeygui. “The agility and dedication of our team gives me great confidence in our ability to propel our business forward – both despite and because of these unprecedented times.”