PriceSmart announced that it plans to move forward with opening what will be its 46th warehouse club on June 17, 2020 in Liberia, Costa Rica.
Sherry S. Bahrambeygui, Chief Executive Officer, commented, “In March 2020, when we first began to appreciate the uncertainties created by the COVID-19 pandemic, we temporarily suspended significant capital expenditures, including additional club developments. We have now decided to resume various projects, including the completion of the Liberia, Costa Rica club. The new Liberia club will be our 8th club in Costa Rica, located in the Guanacaste province, approximately 130 miles from the nearest PriceSmart club and three hours from the capital city of San José. The Liberia club will offer “Click and Go” services, as well as other features that, over the past couple of months, have proven to be of increased importance to our Members. We are very much looking forward to the opening of our 46th club.”
PriceSmart, headquartered in San Diego, owns and operates U.S.-style membership shopping warehouse clubs in Latin America and the Caribbean. PriceSmart today operates 45 warehouse clubs in 12 countries and one U.S. territory (seven each in Colombia, Costa Rica, and Panama; five in the Dominican Republic, four in Trinidad and Guatemala; three in Honduras; two each in El Salvador and Nicaragua; and one each in Aruba, Barbados, Jamaica and the United States Virgin Islands).