Spotlight: PriceSmart to Open 9 Stores in Latin America
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San Diego-based PriceSmart Inc. plans to open nine warehouse stores in Latin America in a venture with PSC of Panama. At 50,000 square feet each, the stores in Costa Rica, Dominican Republic, El Salvador, Honduras and Nicaragua will stock the same type of products found in American-style warehouse stores. PriceSmart operates two stores in Panama. “We go into markets where there are no competitors and where there is an emerging middle class,” said Chief Financial Officer Karen Ratcliff.
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