9740 Scranton Rd
San Diego, CA, 92121 United States
#861 in FORTUNE 1000 (June 2015)
Russell 2000 (June 2015)
PriceSmart is wise in the ways of members-only club retailing. The retailer runs some 35 membership stores under the PriceSmart name in about a dozen countries and one US territory in Latin America and the Caribbean. It sells low-cost food, pharmacy, and basic consumer items. In each store, nearly half of the merchandise comes from the US, and the other half is sourced locally. In-store services include auto/tire centers, banking, and photo developing. PriceSmart stores are typically smaller than wholesale clubs in the US, averaging about 48,000-100,000 sq. ft., and the membership fees average about $35. Chairman and former CEO Robert Price (individually and through The Price Group) owns 30% of PriceSmart.