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Sunday, April 21 2019 @ 08:59 PM UTC

PriceSmart Announces February Sales

Foreign Direct InvestmentSAN DIEGO, CA -- 03/06/09 -- PriceSmart, Inc. today announced that for the month of February 2009 net sales increased 9.4% to $90.0 million from $82.3 million in February a year earlier. There was one less day in February 2009 than in February 2008. For the six months ended February 28, 2009, net sales increased 17.5% to $626.8 million from $533.4 million for the six-months ended February 29, 2008. There were 25 warehouse clubs in operation at the end of February 2009 and 2008. For the five weeks ended March 1, 2009, comparable warehouse sales for the warehouse clubs open at least 12 full months increased 12.4% compared to the same five-week period last year. For the twenty-six week period ended March 1, 2009, comparable warehouse sales increased 14.4% compared to the comparable twenty-six week period a year ago. (more)

About PriceSmart: PriceSmart, headquartered in San Diego, owns and operates U.S.-style membership shopping warehouse clubs in Central America and the Caribbean, selling high quality merchandise at low prices to PriceSmart members. PriceSmart now operates 25 warehouse clubs in 11 countries and one U.S. territory (four each in Panama and Costa Rica; three each in Guatemala and Trinidad, two each in Dominican Republic, El Salvador and Honduras; and one each in Aruba, Barbados, Jamaica, Nicaragua and the United States Virgin Islands).

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PriceSmart Announces February Sales | 1 comments | Create New Account
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PriceSmart Announces February Sales
Authored by: Anonymous on Saturday, March 21 2009 @ 12:43 PM UTC

Something to think about. I purchased a major appliance, with a five-year warranty, from Price Smart, about eighteen months ago. The product failed and I took it to the manufacturer's repair facility. I was told, by the repair facility, that the warranty would not be honored, as Price Smart had not imported the products with the approval of the manufacturer. I do not know if this is common. I do not know how anyone would learn this in advance. I do not know if it is a common practice of Price Smart. I do know that I will not purchase any major appliances from them, in the future.