PriceSmart to open two stores in Colombia

San Diego – On Jan. 30, 2014, PriceSmart, Inc. acquired approximately 147,000 usable sq. ft. of land in the city of Medellin, Colombia, and leased approximately 126,000 usable sq. ft. of land in the city of Bogota, Colombia, upon which the company plans to construct two new warehouse club stores. These two warehouse clubs are currently planned to open before the end of calendar year 2014.

With the three warehouse clubs currently operating in Colombia (one in Barranquilla and two in Cali) and with the planned opening in November 2014 of a warehouse club in Pereira, these two new clubs will bring the number of PriceSmart stores operating in Colombia to six.

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