Santiago It could soon become the new headquarters of a renowned American chain that operates under an exclusive wholesale for partners. The company, which combines the supermarket format and membership club, is evaluating its landing in Chili as part of its regional expansion plan.
This is Pricesmart, a company that currently operates in countries such as Costa Rica, Panama, Dominican Republic, Guatemala and Colombia – his only headquarters so far in South America. The firm specializes in offering mass consumption products at wholesale prices, but only for those who pay an annual fee that gives them access to their stores that will now reach Chili.
David Price, Global CEO of the company, confirmed interest in the Chilean market during the presentation of financial results in San Diego. As noted, local consultants have already been hired to evaluate land and possible locations. “We see a Chili Like a place with enormous potential, ”he said.
Santiago, the starting point
Although an opening date or specific location has not been confirmed, everything indicates that Santiago It would be the first city to receive a Pricesmart store. According to Michael McCleary, vice president of Finance, the election responds to the economic stability of the country and the sustained growth of its middle class.
Pricesmart stores usually exceed 5,000 m² and offer from food to appliances, through hygiene products, clothing and household items. Its proposal points to both large families and small merchants seeking to stock up at low cost.
If specified, the arrival of Pricesmart would represent a new competition for traditional supermarkets and other wholesale chains already installed in Chili. For now, the company continues with its market analysis, but its presence in Santiago It could materialize in the coming months.
