PUERTO RICO: Costco's Puerto Rican expansion threatens Sam's Club
Costco Wholesalers, Inc. came one step closer to starting operations in Puerto Rico with the purchase of land for its new store in the Bayamon area. The store will be located directly in front of a large food store operated by the Supermercados Amigos chain. It appears that Costco may also be interested in acquiring two pieces of real estate that were recently purchased by Home depot in Caguas and Bayamon. If those two purchases go through, the first Costco store could open in 2001, because all necessary permits have already been secured. Costco stores, which have been operating in Latin America (Mexico) for over five years, focus on volume food sales in addition to offering a wide range of household items. In the Puerto Rican market, Costco is a direct competitor of
Get full access to all content, just $1 for 30 days
A Message From The Editor
just-food gives you the widest food market coverage.
Paid just-food members have unlimited access to all our exclusive content - including 17 years of archives.
It’s our best ever membership offer – just for you.
Dean Best, editor of just-food
- 2017: three major drivers of M&A strategy
- just-food 2017 Survey - your thoughts on growth
- Food market in 2017: need-to-know US trends
- 2017 - what will shape the UK food sector?
- Could BRF's Turkey move pave way for OneFoods IPO?
- Premier Foods issues profit warning
- UK's Bakkavor plays down IPO "speculation"
- Ferrero insists Nutella not pulled from shelves
- Lindt sees FY sales acceleration on Europe growth
- Unilever sets packaging target