Food and consumer goods distributor PriceSmart Inc yesterday announced that it is now ready to proceed with the construction of its two latest warehouse projects.
They are its 48th warehouse club in Guatemala City, Guatemala, expected to open in the fall 2021, and its 49th warehouse club in Portmore, Jamaica, expected to open in spring of 2022.
In June 2019, the company acquired land in Cayalá, southeast of Guatemala City, where it plans to build its fifth club in Guatemala.
And in September 2019, the company acquired land in Portmore, , where it plans to build its second club in Jamaica.
In comment on the projects, Sherry S. Bahrambeygui, CEO of PriceSmart, said, “Despite the roller coaster we rode with most of the world in this last year, we are ready to proceed with the construction of two new clubs, one each in Guatemala and Jamaica. We expect to open these clubs in the next fiscal year.
PriceSmart, headquartered in San Diego, California in the United States, owns and operates US-style membership shopping warehouse clubs in Latin America and the Caribbean.
The company operates 47 warehouse clubs in 12 countries and one US territory.