Profile: PriceSmart Inc (PSMT.O)
17 Nov 2017
PriceSmart, Inc., incorporated on August 17, 1994, through its subsidiaries, is engaged in the international operation of membership shopping in warehouse clubs. In addition, the Company operates distribution centers and offices in the United States. The Company's segments include the United States, Central America, the Caribbean and Colombia. The Company owns and operates the United States-style membership shopping warehouse clubs in Latin America and the Caribbean. It offers private label consumer goods to individuals and businesses. The Company operates in countries/territories, including Colombia, Costa Rica, Panama, Trinidad, Dominican Republic, Guatemala, El Salvador, Honduras, Aruba, Barbados, Jamaica and Nicaragua.
The Company's warehouse club-type buildings range in size from 48,000 to 100,000 square feet. As of August 31, 2016, the Company had in operation 38 warehouse clubs located in 12 countries and one in the United States territory. The Company offers three types of memberships, such as Business, Diamond and in Costa Rica Platinum memberships. It promotes Business membership through its marketing programs and offers certain merchandise targeted to businesses, such as restaurants, hotels, convenience stores, offices and institutions. The Diamond membership is focused on individuals and families. The Company offers Platinum memberships in Costa Rica.
The Company offers its members alternatives to in-club shopping through its e-commerce platform, which enables online access to purchase merchandise in various ways. Members have the ability to purchase certain merchandise that is not stocked in their local warehouse clubs by placing an order that the Company fulfills by shipping the merchandise from its United States distribution warehouse for pick-up at the member's local warehouse club location. In Colombia, members also can purchase in-club merchandise online from warehouse clubs located within the market and have it delivered to their home or office through a third-party delivery service.
The Company competes with Wal-Mart Stores, Inc., Grupo Exito and Cencosud.
9740 Scranton Rd
SAN DIEGO CA 92121-1777
Company Web Links
- BRIEF-PriceSmart says for month of October 2017 net warehouse club sales increased 2.0 pct to $246.8 mln
- BRIEF-PriceSmart reports Q4 earnings $0.64/shr
- BRIEF-Pricesmart announces september sales
- BRIEF-PriceSmart announces July sales
- BRIEF-PriceSmart says June net warehouse club sales increase 4.1 pct to $230.1 mln