Carrion to Keep Investing in Costa Rica

The chain, which closed one of its branches in a major shopping center, has announced investments of $4 million and the opening of three stores.

Thursday, January 12, 2012

Carrion store chain will invest about $4 million in 2012 on the improvement and expansion of the operation it has had in the country for the last 10 years, reported Nacion.com.

Vicente Carrion, founding president of the Honduran chain, said the investment plan includes the renovation the infrastructure in five branches , as well as the range of merchandise . He said that they are evaluating the opening of three more stores in the Greater Metropolitan Area of San José, in sizes ranging from 2,000 m² to 4,000m², according Nacion.com.

With this, the employer dispelled speculation that has spread around the continuity of the brand in Costa Rica, following the closure of their 6,000 m² branch in Multiplaza at the end of 2011.

More on this topic

The Salvadoran Hardware Market

July 2011

National chains and the Venezuelan chain EPA, which recently entered the market, are jockeying for position in the market.

In light of rumors about the opening a new store by the Venezuelan EPA chain, the national chains Freund and Vidrí, are intensifing their campaigns in order to position their brands.

Carrion announces layoffs in Honduras

January 2009

Vicente Carrion, president for Central America, announced that some 500 employees will be laid off in Honduras.

The La Tribuna reports "In the exclusive interview with the LA TRIBUNA, Carrion said that his company cannot come up with the salary for the 4000 employees it has at the national level."

Costa Rican department stores market shaken up

September 2008

A high purchasing power and demand for goods and services is attracting big competitors such as the Salvadoran Siman Group which inaugurated a 11,000 m2 store.

A market that was once characterized by competition between local stores such as La Gloria, Yamuni and LLobet on the national level has turned into a regional dispute with the arrival of the international department store chains.

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