Parker Electronic sets up in Panama

Parker Electronic, an Indian company based in Hong Kong, will sell its line of audio, video and household products in the country.

Thursday, November 13, 2008


©image: Eric

Myron Isaacs, sales managers for Parker, said that the sale of products such as fans, refrigerators, washing machines, air conditioners, and televisions has already begun in Panama City at Rodelag. Meanwhile their exclusive store will sell "car audio" products.

More on this topic

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The big electrical appliance chains do not foresee opening any new stores this year.

The Gollo chain with 104 stores and M Group with 180 will focus this year on consolidating the outlets that they already have.

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As of november this year, the country imported $162.56 million in home appliances, $3.5 milion lest than the same period in 2007.

Even though the reduction in imports in 2008, when compared to last year is small, the importers and distributors; hence the drop in sales was expected.

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Roberto Way, president of Agencias Way, rose from a hardscrabble background to build Guatemala's number three retail chain. Now the company aims to go regional.

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Gollo Stores Expands in Costa Rica

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