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PriceSmart profit, sales up in Q3
San Diego -- Warehouse club operator PriceSmart reported Thursday that net income for the quarter ended May 31 rose to $16.3 million, compared with $12 million in the year-ago period.
Sales surged 23.6% to $421.6 million, from $341.2 million.
The company had previously announced it acquired 131,524 sq. ft. of land in Cali, Colombia, upon which it will build its second warehouse club in Colombia.
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Buxton partners with City of Benbrook to develop regional shopping center
Benbrook, Texas -- The City of Benbrook, Texas, announced Wednesday a new partnership with customer analytics firm Buxton to develop a new regional shopping center The Trails Town Center.
The public -private partnership will build a 1.5 million-sq.-ft., open-air, regional shopping and entertainment development projected to generate $375 million in annual retail sales and provide 6,250+ jobs.