PriceSmart opened its first location in 1995 (Panama) and is publicly traded under the symbol PSMT. The company currently operates 32 locations in Central America, South America and the Caribbean. Despite PriceSmartís smaller location size that ranges from 50,000 to 80,000 square feet, its sales production and operations are very similar to United States-based warehouse clubs.
PriceSmart offers its paid members a limited selection of nationally branded and private label merchandise within a wide range of product categories. Fiscal 2013 merchandise margins including ancillary businesses were 14.7%. This white paper includes six sections: buying and merchandising, operations, web site, expansion, sales information and product registration, distribution and payment terms.