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This marks the 10th store for PriceSmart in Colombia, which so far is the retailers only South American market.

Pricesmart's country manager for Colombia discusses in detail the issues around the warehouse club's 2nd Medellín location.

Finance Colombia has reached out to PriceSmart multiple times but to date has received no comment on the matter.

Robert Price, the Company's founder and Chairman of the Board, will become Interim Chief Executive Officer. 

Growth is hard, and many companies, lose their mojo as they expand. Is PriceSmart experiencing growing pains?

Net merchandise sales grew 13%, comp sales were up 9.2%, EPS grew 19%, and 88.9% of memberships are renewing, the retailer reports.

Will the global slowdown, supply chain disruptions and strong dollar affect PriceSmart results? Tune in this Halloween to find out!

The new location will be the company's tenth in Colombia

CEO Sherry S. Bahrambeygui said that the retailer is earning strong cash flow, and can drive new club growth, increase service and benefits to members.

In many markets PriceSmart is the only reliable source for high quality grocery imports from the US, such as whole turkeys or authentic bacon, ham, cheeses & condiments.