SANTIAGO, Chile, April 23 (UPI) -- PriceSmart announced plans to expand in South America, opening its first membership shopping clubs in Chile next year.
The expansion would make Chile the company's 14th market and introduce a membership warehouse club model that has not yet been developed in the country.
In South America and Central America, PriceSmart already operates in Colombia, Costa Rica, Panama, Guatemala, the Dominican Republic, El Salvador, Honduras and Nicaragua. In many ways, it is similar to Costco in the United States, and they have the same roots.
To formalize the expansion, company executives met Wednesday with Chilean President José Antonio Kast.
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