• Costa Rica Real Estate

Crate & Barrel to invest $4 million in its first Costa Rica store

November 10, 2016

The first Central American location of the U.S. chain of retail stores Crate & Barrel will open in Costa Rica early next year at Avenida Escazú, a business complex west of San José. The opening of the new department store represents a $4 million investment for local franchisee Inversiones CBCR S.A.

The 2,200 square-meter store will employ approximately 40 people, Costa Rica manager Mónica Fonseca said in a news release.

Fonseca said the investor company chose Costa Rica “thanks to its political stability, its workforce availability and the competitiveness of the local market.”

The local store will offer the traditional line of products at its U.S. stores, including housewares and furniture (indoor and out), with specialized kitchen, bathroom, decoration, lighting and bedroom departments.

Within the Tico market, the store will compete directly with stores with a strong local presence such as Euromobilia, Cemaco, Altea and La Artística, among others. The U.S. company opened its first store in December 1962 in Chicago, Illinois, and now has 80 retail locations in the U.S. and Canada.

Its international expansion started in 2008 and is currently targeting Latin American markets through a franchise model that includes stores in Mexico, Peru and Colombia.

Facebook Comments

You may be interested

Pic of the Day: A very Costa Rican breakfast
Pic of the Day
18 views
Pic of the Day
18 views

Pic of the Day: A very Costa Rican breakfast

The Tico Times - August 19, 2019

Costa Rica is not a country known for its cuisine or renowned for unique national dishes. But even Google knows…

More than a million participate in Costa Rica’s national earthquake drill
Costa Rica
38 views
Costa Rica
38 views

More than a million participate in Costa Rica’s national earthquake drill

Alejandro Zúñiga - August 19, 2019

An alarm blared throughout downtown San José. Users flooded Twitter with the hashtag #TemblorCR. And throughout Costa Rica, more than…

Illegal fishing strains Gulf of Nicoya fishing communities
Costa Rica
20 views
Costa Rica
20 views

Illegal fishing strains Gulf of Nicoya fishing communities

David Bolaños Acuña and Rita Valverde / Semanario Universidad - August 19, 2019

In Puerto Níspero, about 9 km from Puente de la Amistad in Guanacaste, Leandro Espinoza has just disembarked. It's three…

Do NOT follow this link or you will be banned from the site!