At a Glance

  • Founded by Sol and Robert Price (founders of The Price Company, which later merged with Costco). PriceSmart became a separate publicly traded company in 1997 with assets that were contributed from Costco to Price Enterprises in 1994 and later from Price Enterprises to PriceSmart.
  • The only operator of membership warehouse clubs in Central America, the Caribbean, and Colombia serving over 3 million cardholders.
  • 53 warehouse clubs in 12 countries and one U.S. territory: ten in Colombia; eight in Costa Rica; seven in Panama; six in Guatemala; five in the Dominican Republic; four in Trinidad; three in Honduras and El Salvador; two in Nicaragua and Jamaica and one each in Aruba, Barbados and the United States Virgin Islands. In addition, the Company plans to open a warehouse club in Santa Ana, El Salvador in February 2024. Once this new club is open, the Company will operate 54 warehouse clubs.
  • Differentiated warehouse retail model focused on driving Membership value through a carefully curated merchandise selection that is sourced both globally and locally and leverages our purchasing power and efficient supply chain.
  • PriceSmart is focused on driving growth through new real estate, both clubs and distribution centers; enhancing Membership Value with wellness services that include optical, pharmacy, audiology and private label; driving incremental sales through digital channels that include and by offering an exciting treasure hunt experience for exceptional merchandise.

Our Strategy

  • The Six Rights of Merchandising™
    • Right Merchandise
    • Right Place
    • Right Time
    • Right Quantity
    • Right Condition
    • Right Price
  • Drive same store sales by optimizing the six rights.
  • Leverage technology and talent to develop an omni-channel presence.
  • Accelerate digital platform development to drive growth through e-commerce channel.
  • Re-energize a culture of performance and accountability.