Retail
in Central America
Tuesday, May 22, 2012
In Costa Rica more and more people are becoming clients of cinemas, having increased their visits by 30% since 2007.
National cinemas sold 5,172,420 tickets in 2011, 1% more than in 2010 and 30% more compared with 2007, according to data from the local film distributor, Discine.
Monday, May 21, 2012
In Costa Rica the small open-all-hours convenience store format is booming, with the entry of new players to the market.
The chain Automercados is to open convenience stores in a format which as yet is not known, although the company is currently building a dozen stores in several malls.
Monday, May 14, 2012
Unicomer group recorded an increase in sales of 160%, with 310.000 motorcycles sold throughout the region each year.
Sales in Central America and the Dominican Republic have experienced remarkable growth, judging by the results from various distribution houses due to a combination of favorable prices and credit facilities.
Friday, May 11, 2012
The first shipment of imported milled rice to meet domestic demand for August and September should arrive next week .
Millers, traders, consumers, agricultural authorities and rice growers agreed to import 1.3 million quintals of rice paddy in order to meet domestic demand and the shortfall in domestic production.
Friday, May 4, 2012
The Commission to Promote Competition has opened an investigation into the international company, which has been accused by pork producers in Costa Rica of setting the prices of pork cuts below the market price.
The Commission to Promote Competition (COPROCOM) agreed to initiate a preliminary investigation against the supermarket chain Wal-Mart for alleged monopolistic practices, reported Nacion.com.
Tuesday, April 24, 2012
Brewers have reasons to celebrate: per capita consumption grew from 77 to 80 liters in 2011 and production increased by 5%.
Beer is the preferred alcoholic beverage in Panama, with its production having grown by 5.1% (above the average of 2% of the rest of Latin America) in 2011, reported Capital.com.pa.
The market is worth more than $390 million a year and is controlled by two large companies: Cervecería Nacional, a subsidiary of SABMiller, and Cervecería Barú- Panamá, under the control of Heineken NV. Last year they produced 247.2 million liters of beer, 5.1% more than in 2010, significantly higher than seco (6 million liters) and rum (7.2 million liters), according to data supplied by the Controller General.
Wednesday, April 18, 2012
The retail giant has selected 12 regional SMEs manufacturing innovative products at reasonable prices, who will have the opportunity to offer their products in stores belonging to the chain.
About 12 small and medium enterprises (SMEs) in Central America were chosen within the program of corporate social responsibility " Una mano para crecer”(Give a hand in order to grow) to be suppliers of Walmart stores in Central America and Mexico, and the stores of the Despensa de don Juan, Maxi-Despensas and Despensa Familiar.
Thursday, March 8, 2012
The Expo-Decore mall, due to open in November, will have an area of more than 24,000 m2 and will be dedicated to all aspects of home decoration and furnishings.
The architect Roberto Roesch, real estate developer of Expo-Decore, said the mall will be ready in November and will cover more than 24,000 m2 of commercial space on nine hectares of land, with a further 6,000m2 to be added during the second phase of construction, reads an article on Elperiodico.com.gt.
Friday, March 2, 2012
Certain chains are drowning out competition by making huge investments in opening new stores or by buying up other businesses in Costa Rica.
Gessa - owner of Peri, Jumbo, and Supercompro- announced this week its acquisition of Saretto supermarket, located in Escazu.
Tuesday, February 28, 2012
In Costa Rica, Megasuper, Walmart and AutoMercado are preparing to open more stores in the capital and surrounding areas.
Megasuper is to open three new stores in the capital with an investment of $30 million and the creation of 100 new jobs, said Walter Vega, general manager of the company.
Wednesday, February 22, 2012
The Mexican and Central America division of the retail giant plans to invest almost $1.5 billion in the six countries of their jurisdiction, adding over 400 stores to the chain.
Mexican and Central America Walmart has with ambitious plans for 2012. With an investment of $1.4 billion, it aims to open 410 to 436 new stores in its geographical area of coverage (6 countries), generating 25,000 direct jobs and 52,000 indirect ones via building construction. The giant aims to increase its sales by 12% in Mexico and 9% in the 5 Central American countries.
Friday, January 27, 2012
The Automercado chain has announced the opening of four new stores this year and next.
Once permits have been obtained from the municipality of Santo Domingo de Heredia, construction of one of the new supermarkets will begin, said the chain's vice president Diego Alonso.
Thursday, January 12, 2012
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.
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.
Thursday, December 22, 2011
With an investment of $4 million, the multinational has opened its first retail store under the 'Maxi Despensa' brand.
Located in San Marcos, the new facility has created approximately 40 jobs, and has 1,200 square feet and a parking area for 76 vehicles.
Wednesday, December 21, 2011
Florida Ice & Farm, without disclosing the amount of the investment, has announced the purchase of the Musmanni Corporation, which owns the bakery of the same name in Costa Rica.
With the acquisition, Fifco acquires control of 30 branches operating in the country. There are 150 other stores operating under a franchise.
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