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The Retail Activity in Puerto Rico
The retail arena in Puerto Rico continue expansion while new players are looking for sites.
Recently Walmart anounced the opening of four new locations with an estimated capital investment of $200 million dollars. Another player with sales exeeding original projections on the island is Burlington who is accelerating local market expansion with a $30 million investment. CVS Pharmacy also continues expansion and announced an investment of $400 million dollars within the next five years.
New retail players have seen the great retail opportunities on the island. Nordstrom is walking around looking for their first location, Target and Lowe's are also looking for locations, Aaron's and Save-a-Lot targeted Puerto Rico for expansion just to mention a few.
The retail activity in Puerto Rico is a very active one with annual sales in excess of $35 Billion Dollars taking into consideration a population of only 3.7 million people.
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Page Updated Last on: Jul 26, 2011