PriceSmart was founded by father and son team Sol and Robert Price in 1976.
The PriceSmart business model is 50,000 square-foot membership stores selling food, pharmacy, and consumer items. Stores also offer auto/tire centers, photo developing, and banking.
In the 1990’s the company began expansion oversees, first to Micronesia and Guam in 1995, then Panama and Indonesia in 1996.
Today PriceSmart operates 35 stores, in Guatemala, El Salvador, Costa Rica, Panama, Colombia, Honduras, Nicaragua, Jamaica, Dominican Republic, Aruba, the U.S. Virgin Islands, Aruba, Barbados, and Trinidad and Tobago.
PriceSmart trades publicly on the NASDAQ under the ticker symbol PSMT, is a member of the Russell 2000, is #888 in the Fortune 1000, has 6,772 employees, and had $2.64 billion in revenue in 2014.
PriceSmartPriceSmart was founded by father and son team Sol and Robert Price in 1976.
The PriceSmart business model is 50,000 square-foot membership stores selling food, pharmacy, and consumer items. Stores also offer auto/tire centers, photo developing, and banking.
In the 1990’s the company began expansion oversees, first to Micronesia and Guam in 1995, then Panama and Indonesia in 1996.
History
Today PriceSmart operates 35 stores, in Guatemala, El Salvador, Costa Rica, Panama, Colombia, Honduras, Nicaragua, Jamaica, Dominican Republic, Aruba, the U.S. Virgin Islands, Aruba, Barbados, and Trinidad and Tobago.
PriceSmart trades publicly on the NASDAQ under the ticker symbol PSMT, is a member of the Russell 2000, is #888 in the Fortune 1000, has 6,772 employees, and had $2.64 billion in revenue in 2014.