In the face of strong competition from multinational food retailers based in the United States, Puerto Rico’s Amigo supermarket chain is investing US$18m in expansion this year. The company plans to remodel existing stores and open six new stores at a cost of US$1.5m each. The company is focusing its resources on stores in the larger cities measuring from 25,000 to 35,000 square feet each.
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Last year Amigo started offering an Internet service by means of which shoppers in Guaynabo can order food and have it delivered to their home.
Amigo management announced that it has approached Mr. Special and other national chains to discuss a merger. Such a merger has been rumoured for over a year and fits the consensus of retail managers that they need to combine forces in order to confront international competition.
By Steve Lewis, just-food.com correspondent
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