PriceSmart, Inc. (NASDAQ: PSMT) has purchased about 30,000 square meters of land. The land is located in the Dominican Republic in Northwest Santo Domingo. The company has plans to construct and operate a new PriceSmart Warehouse Club here. The Club will be PriceSmart's third in the Dominican Republic. It is anticipated that the new PriceSmart Club will open in the fall of 2010.
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About PriceSmart
PriceSmart, headquartered in San Diego, owns and operates U.S.-style membership shopping warehouse clubs in Central America and the Caribbean, selling high quality merchandise at low prices to PriceSmart members. PriceSmart now operates 26 warehouse clubs in 11 countries and one U.S. territory.
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