PriceSmart, Inc. (NASDAQ: PSMT) has announced that their net sales increase by 9.2% to $106.4 million in the month of January, 2010, compare to January 2009 sales of $97.4 million. For the 5 month period, ending January 31, 2010, net sales rose to $567.1 million, showing an increase of 5.7% from the same period last year's $ 536.7 million. 26 warehouse clubs were in operation at the end of January 2010 compared to 25 warehouse clubs in operation for January 2009.
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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.
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