In Costa Rica, the company Locatel, founded on capital from Colombia, Venezuela and Costa Rica has invested around $3 million in opening its first outlet in the Momentum Pinares Mall in Curridabat.
The company will offer the public medical equipment, hygiene and beauty products, nutritional products, and health services.
Alfonso Duque, director of the company, added to Elfinancierocr.com "Locatel is for anyone who wants to regain, retain or improve their health. Our idea is to have a one stop shop for all products and services related everyone’s health"
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The Colombian company, Olímpica, owner of Megasúper, is to invest in remodelling its chain of stores.
Wálter Vega, Megasúper commercial vice-president, has stated that the company has already invested $20 million in improving 10 of its supermarkets and during the remainder of 2011 will target a further $10 million to revamp other stores.
The GAP clothing chain will open its first store in Panama in late February.
This opening in the new phase of Albrook Mall, marks the start of expansion into Central America and the Caribbean.
The company plans to open two more stores this year in Panama, one in Metromall and one in Multiplaza.
In 2010 the supermarket chain plans to open 30 business units in Central America.
Eduardo Solórzano, Wal-Mart’s new president and CEO for Latin America, explained that the investment plan comprises 26 discount stores, two warehouses and two supermarkets.
From Laprensa.com.ni: “Solórzano remarked that in addition to opening new stores, Wal-Mart will continue buying textile products from Nicaragua and Guatemala, and agricultural ones from Costa Rica, for example, to sell them in its stores in the United States and other countries”.
As part of its expansion plan, Cemaco will open three new stores in 2011.
On March 18 it will open a new store at the Mall Flores del Lago.
Maria Fernanda Jaramillo, executive vice president of the company, told Prensa Libre that "an express format will be created by the middle of this year at the Avenida de las Américas, in area 13.... The expansion plan also includes opening a store on route to the Atlantic...".