It is a company that operates Caribbean and Central America membership warehouse clubs. It is linked to approximately one million cardholders and 770,000 membership accounts. The headquarters of PriceSmart are in California and it is the owner and operator of about thirty warehouse clubs across twelve countries.
History
The history of PriceSmart dates back to 1976 when Sol and Robert Price founded Price Club. In 1993, there was a merger between Costco Wholesale Club and the Price Co. to form Price/Costco Inc. This name was later changed to Costco Wholesale Corporation. The company continued to grow and expand. For instance, in 1995, two club stores were opened by licensees in Guam and Micronesia. The first club store was opened by PriceSmart in Panama, while the licensees opened one club store in Indonesia.
The second club store of PriceSmart was opened in Panama in 1997. In the same year, two club stores were opened by licensees in Indonesia and China. In 1999, seven club stores were opened by PriceSmart in El Salvador, Dominican Republic, Panama, Costa Rica, Trinidad and Guatemala. Seven other PriceSmart club stores were opened in in Guatemala, Aruba, Trinidad, USVI, and two other stores in Philippines. The company’s growth and expansion is still ongoing. In 2011, one club store was opened in Colombia and two others in the years 2012 and 2013.
Statistics
Company headquarters: San Diego, California
Ownership: Public Company
Number of Stores: 30 warehouse clubs
Geography: International
Demography: Value Shoppers
Important links
Can I use mi Costco card in price smart El Salvador
can I use my Costco card in price smart in Santiago, Dominican republic
What is the membership fee and where are you’re stores in the San Jose area?
Thank you,
Carmela
CanI usé my Costco card in el
Salvador