PriceSmart in deal to build 6th location in Costa Rica

San Diego -- PriceSmart announced that on January 9, 2012 it entered into an agreement to acquire approximately 16,038 square meters of property in La Union, Cartago, Costa Rica, upon which it plans to build its sixth warehouse club in Costa Rica.



PriceSmart currently anticipates opening the Cartago Club in the summer 2013 in the market area where local Costa Rican press has reported that Sam's Club plans to operate its first warehouse in the Costa Rica market.



PriceSmart entered the Costa Rica market 13 years ago and is currently operating five PriceSmart Membership Warehouse Clubs, pending the opening of the planned sixth Club referenced above.