PriceSmart Inc
NASDAQ:PSMT

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PriceSmart Inc
NASDAQ:PSMT
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Price: 92.91 USD 0.8% Market Closed
Market Cap: 2.9B USD
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PriceSmart Inc
Investor Relations

PriceSmart Inc. is a unique player in the retail landscape, weaving its narrative through a business model reminiscent of the famed American warehouse club style retailing, but with a specialized focus on Latin America and the Caribbean. Founded in 1993 by Robert Price, PriceSmart has developed a distinct identity, capitalizing on the expanding middle-class population in these regions, and catering to their growing appetite for bulk shopping. The company's strategy revolves around its membership-only model, which not only provides a steady stream of revenue but also fosters customer loyalty. By requiring an annual membership fee, PriceSmart creates a sense of exclusivity and a commitment to value-seeking customers who benefit from cost savings on a wide array of products, from groceries to electronics.

The company's operational prowess lies in its efficient supply chain management and strategic selection of sites that tap into underpenetrated markets. PriceSmart tends to emphasize private-label products, allowing them to maintain control over pricing and margins. It marries this approach with an inventory strategy centered around limited stock-keeping units, driving purchasing value through large-scale ordering and supplier negotiations. The result is a compelling value proposition that appeals to consumers seeking quality and affordability. By continually reinvesting in its infrastructure and member experience, PriceSmart has carved out a profitable niche, illustrating how regional focus and operational efficiency can lead to success outside the traditional realms dominated by retail giants.

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Management

Mr. Robert E. Price
Founder, Interim CEO & Chairman
No Bio Available
Mr. John D. Hildebrandt
President & COO
No Bio Available
Ms. Ana Luisa Bianchi
Executive Vice President of Merchandise Exports & Business to Business
No Bio Available
Mr. Wayne J. Sadin
Executive VP & Chief Information Officer
No Bio Available
Rosa Soto
Vice President of Corporate Communications
No Bio Available
Ms. Diana Pacheco
Executive Vice President of Human Resources
No Bio Available
Ms. Catherine D. Alvarez-Smith
Senior Vice President of Operational Controlling
No Bio Available
Mr. Rodrigo Calvo
Executive Vice President of Real Estate & Construction
No Bio Available
Mr. Christopher Souhrada
Executive Vice President of Club Operations
No Bio Available
Mr. Bob Coulson
Senior Vice President of Merchandising - Softlines
No Bio Available

Contacts

Address
CALIFORNIA
San Diego
9740 Scranton Rd
Contacts
+18584048800.0
shop.pricesmart.com