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PriceSmart, Inc. is an American operator of membership warehouse clubs in Central America, the Caribbean, and South America. PriceSmart was founded by Sol and Robert Price, founders of The Price Club ; Robert Price is chairman of the board.
Price Club's high sales volume enabled it to pay its employees higher wages and offer greater benefits than typical retailers. The company eventually expanded to 94 locations throughout the United States, Canada, and Mexico (in joint venture with Controladora Comercial Mexicana). In 1992, Price Club generated $6.6 billion in revenue and $134.1 ...
The 10-second takeawayFor the quarter ended Feb. 29 (Q2), PriceSmart beat expectations on revenues and missed estimates on earnings per share. Compared PriceSmart Misses Where It Counts
In November 2001, PriceSmart opened its first branch on a 5,000 m 2 (0.50 ha) property in Bonifacio Global City, then known as The Fort. [4] [5] [6] In 2005, PriceSmart sold its share in the joint venture and was acquired by the Co family in 2006, and the retail chain was renamed as S&R Membership Shopping.
The deal is already close to completion, which is why PriceSmart will be taking Finisar's place on the SmallCap 600.InvestorPlace - Stock Market News, Stock Advice & Trading TipsPriceSmart last ...
Based on the aggregated intelligence of 180,000-plus investors participating in Motley Fool CAPS, the Fool's free investing community, PriceSmart , which operates shopping warehouse clubs in Latin ...
Sol Price (January 23, 1916 – December 14, 2009) was an American retailer and the founder of FedMart, Price Club (which ultimately merged into Costco) and PriceSmart. [1] He was considered the "father" of the " warehouse store " retail model.
PriceSmart (NAS: PSMT) carries $37.4 million of goodwill and other intangibles on its balance sheet. Sometimes goodwill, especially when it's excessive, can foreshadow problems down the road.