PriceSmart
PriceSmart, Inc. is the largest operator of membership warehouse clubs in Central America and the Caribbean, and has recently entered the South American region with clubs in Colombia. PriceSmart serves over 3 million cardholders at 40 owned and operated warehouse clubs in 12 countries and one U.S. territory, which is their only domestic operation despite being based in California. PriceSmart was founded by Sol and Robert Price, founders of The Price Club; Robert Price is Chairman of the Board.Warehouse clubs
The following table lists the warehouse clubs owned and operated currently by PriceSmart:
Country | Nr. of Stores |
Aruba | 1 |
Barbados | 1 |
Colombia | 7 |
Costa Rica | 8 |
Dominican Republic | 5 |
El Salvador | 2 |
Guatemala | 4 |
Honduras | 3 |
Jamaica | 1 |
Nicaragua | 2 |
Panama | 6 |
Trinidad and Tobago | 4 |
U.S. Virgin Islands | 1 |
In addition to the warehouse clubs owned and operated PriceSmart, there is one warehouse club in operation in Saipan, Northern Mariana Islands that is licensed to and operated by local business people. The company earns a small royalty fee from this club.Key dates