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PriceSmart to Open Two New Membership Warehouses in Caribbean

SAN DIEGO-Membership-shopping warehouse chain PriceSmart Inc. announced that two additional locations are set to open within the next 60 days in the Caribbean.

By Randyl J. Drummer | Updated on February 15, 2001

SAN DIEGO-PriceSmart Inc. has announced that two additional warehouse store locations are set to open within the next 60 days in theCaribbean.

Membership-shopping warehouses are scheduled to open in Aruba on March 22 and on the island of St. Thomas in The U.S. Virgin Islands on May 3.In addition to the Caribbean openings, PSMT Philippines Inc., PriceSmart’s joint venture in the Philippines, has entered into a lease to open its second warehouse club in Manila this fall.

“The lease for the second warehouse is located in Pasig City, one of the most heavily trafficked areas in greater Metro Manila with approximately two million people living within 30 minutes of the site,” says Brud Drachman, SVP of real estate and construction.

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