# PriceSmart > Mediated Wiki article. Canonical URL: https://mediated.wiki/source/PriceSmart > Markdown URL: https://mediated.wiki/source/PriceSmart.md > Source: https://en.wikipedia.org/wiki/PriceSmart > Source revision: 1357130001 > License: Creative Commons Attribution-ShareAlike 4.0 International (https://creativecommons.org/licenses/by-sa/4.0/) {{Short description|American membership warehouse club}} {{About|PriceSmart Inc warehouse clubs|the Canadian grocery store chain|PriceSmart Foods}} {{cleanup|reason=List should possibly be prose or separate article?|date=May 2015}} {{Infobox company | name = PriceSmart, Inc. | logo = PriceSmartLogo2.png | image = PriceSmart Headquarters.jpg | image_caption = PriceSmart headquarters in San Diego | type = [Public](/source/Public_company) | traded_as = {{ubl|{{NASDAQ|PSMT}}|[S&P 600](/source/S%26P_600) component|[Russell 2000](/source/Russell_2000_Index) component}} | founded = {{start date and age|1993}} | founder = [Sol Price](/source/Sol_Price) | predecessor = [Price Club](/source/Price_Club) | hq_location_city = [San Diego](/source/San_Diego), California | hq_location_country = U.S. | revenue = {{up}}US$2.9billion (2016){{cite web|title=Annual Report 2016|url=https://pricesmart.com/Investor/Annual-Reports/2016AnnRpt.pdf|website=PriceSmart.com|publisher=PriceSmart Inc.}} | website = {{URL|https://pricesmart.com/}} | num_employees = 7,903{{Cite web|url=http://fortune.com/fortune500/pricesmart/|title=PriceSmart|website=Fortune|access-date=2019-03-17}} | num_employees_year = 2017 | footnotes = }} '''PriceSmart, Inc.''' is a United States based operator of membership [warehouse club](/source/warehouse_club)s in Central America, the Caribbean, and South America. PriceSmart was founded by [Sol](/source/Sol_Price) and Robert Price, founders of [Price Club](/source/Price_Club); Robert Price is chairman of the board. As of April 2026, PriceSmart operates 56 warehouse clubs, with plans of 5 new locations. == Warehouse clubs == The following table lists the warehouse clubs owned and operated currently by PriceSmart:{{Cite web |last=Bedford |first=Emma |date=February 13, 2024 |title=PriceSmart warehouses worldwide 2023 |url=https://www.statista.com/statistics/1207944/number-pricesmart-warehouses-by-country/ |access-date=2024-08-24 |website=Statista |language=en}} {| class="wikitable" |- ! Country ! No. of stores |- valign=top | [Aruba](/source/Aruba) |align=center | 1 |- valign=top | [Barbados](/source/Barbados) |align=center | 1 |- valign=top | [Colombia](/source/Colombia) |align=center | 10 |- valign=top | [Costa Rica](/source/Costa_Rica) |align=center | 9 |- valign=top | [Dominican Republic](/source/Dominican_Republic) |align=center | 5 |- valign=top | [El Salvador](/source/El_Salvador) |align=center | 4 |- valign=top | [Guatemala](/source/Guatemala) |align=center | 7 |- valign=top | [Honduras](/source/Honduras) |align=center | 3 |- valign=top | [Jamaica](/source/Jamaica) |align=center | 2 |- valign=top | [Nicaragua](/source/Nicaragua) |align=center | 2 |- valign=top | [Panama](/source/Panama) |align=center | 7 |- valign=top | [Trinidad and Tobago](/source/Trinidad_and_Tobago) |align=center | 4 |- valign=top | [U.S. Virgin Islands](/source/U.S._Virgin_Islands) |align=center | 1 |- valign=top |} '''Planned''' {| class="wikitable" |- ! Country ! No. of stores |- valign=top | [Costa Rica](/source/Costa_Rica) |align=center | 1 |- valign=top | [Dominican Republic](/source/Dominican_Republic) |align=center | 1 |- valign=top | [Guatemala](/source/Guatemala) |align=center | 1 |- valign=top | [Jamaica](/source/Jamaica) |align=center | 2 |- valign=top |} ==Key dates== {{prose|section|date=March 2025}} {| class="wikitable" |- valign="bottom" ! Year !! Events |- valign="top" |1976 |[Price Club](/source/Price_Club) founded by [Sol](/source/Sol_Price) and Robert Price |- valign="top" |1993 |The Price Co. and [Costco](/source/Costco) Wholesale Club merge, forming Price/Costco Inc (later renamed Costco Wholesale Corporation) |- valign="top" |1994 |Price Enterprises Inc spun off from Price/Costco * Robert Price named chairman, president and CEO of Price Enterprises * PriceSmart operates as a wholly owned subsidiary of Price Enterprises |- valign="top" |1995 |Licensees open two club stores (Micronesia and Guam) |- valign="top" |1996 |PriceSmart opens its first club store (Panama) * Licensees open one club store (Indonesia) |- valign="top" |1997 |PriceSmart opens its second club store (Panama) * Licensees open two club stores (China and Indonesia) * Price Enterprises Inc separates itself from PriceSmart by spinning off all non-real estate assets to PriceSmart * PriceSmart completes IPO and begins trading as PSMT on NASDAQ stock exchange * Gilbert A. Partida appointed president and CEO |- valign="top" |1998 |Licensees open two club stores (China and Philippines) * Licensee stores in Guam and Philippines close * Licensee arrangement with operator of Indonesian club stores terminated |- valign="top" |1999 |PriceSmart opens seven club stores (Guatemala, Costa Rica, El Salvador, Honduras, Panama, two in Dominican Republic) * Licensees open two club stores (China) |- valign="top" |2000 |PriceSmart opens eight club stores (Dominican Republic, El Salvador, Honduras, two in Costa Rica, Panama, Guatemala, Trinidad) * Licensees open one club store (China) * PSMT Philippines created as a joint venture with [S&R Membership Shopping](/source/S%26R_Membership_Shopping), with PriceSmart holding 60% ownership |- valign="top" |2001 |PriceSmart opens seven club stores (Aruba, USVI, Guatemala, Barbados, Trinidad, two in Philippines) * Licensees open three club stores (China) |- valign="top" |2002 |PriceSmart opens three club stores (Guam, two in Philippines) * PriceSmart starts wholesale phone card sales program * Licensees open two club stores (China) * PSMT Mexico created as joint venture with [Grupo Gigante](/source/Grupo_Gigante), with PriceSmart holding 50% ownership * PSMT Mexico opens two club stores in Mexico |- valign="top" |2003 |PriceSmart opens two club stores (Jamaica, Nicaragua) * PriceSmart closes four club stores (Dominican Republic, Guatemala, Guam, Philippines) * PriceSmart terminates wholesale phone card sales program * PSMT Mexico opens one club store * Licensees open two club stores (China) * Gilbert A. Partida resigns as president and CEO, Robert E. Price assumes role of interim president and CEO * PriceSmart announces it will restate financial results for 2002 and 2003. |- valign="top" |2004 |PriceSmart opens one club store (Philippines) * Licensees close two club stores (China) |- valign="top" |2005 |PriceSmart opens one club store (Costa Rica) * PSMT Mexico closes its three stores in Mexico (Irapuato and Celaya stores replaced with [Home Depot](/source/Home_Depot)) * Company sells its interest in PSMT Philippines to E-Class Corporation, one of PSMT Philippines' minority shareholders (all stores in Philippines became S&R) * Licensee arrangement with operator of Chinese club stores terminated |- valign="top" |2006 |PriceSmart relocates San Pedro Sula, Honduras club store * PriceSmart added to Russell 2000 stock index |- valign="top" |2007 |PriceSmart opens two club stores (Guatemala, Trinidad) * PriceSmart sells its interest in PSMT Mexico to Grupo Gigante |- valign="top" |2009 |PriceSmart opens one club store (Costa Rica) * Ranked #55 on Fortune Magazine's list of 100 fastest growing companies |- valign="top" |2011 |PriceSmart opens one club store (Colombia-Barranquilla) |- valign="top" |2012 |PriceSmart opens one club store (Colombia-Cali) |- valign="top" |2013 |PriceSmart opens two club stores (Colombia-Cali and Costa Rica) |- valign="top" |2014 |PriceSmart opens three club stores (Honduras, Colombia-Medellin, Colombia-Pereira) |- |2015 |PriceSmart opens one club store (Colombia-Bogotá) |- |2016 |PriceSmart opens one club store (Colombia-Chia) |- |2018 |PriceSmart acquires Aeropost.com * PriceSmart opens one club store (Dominican Republic) * |- |2019 |PriceSmart opens three club stores (Dominican Republic, Guatemala-San Cristobal, Panama-Metro Park) |- |2020 |PriceSmart opens two club stores (Costa Rica-Liberia and Colombia-Bogota) |- |2021 |PriceSmart opens two club stores (Colombia-Bucaramanga and Guatemala-Aranda) |- |2022 |PriceSmart opens one club store (Jamaica-Portmore) Sherry Bahrambeygui removed from PriceSmart Pricemart sells Aeropost.com |- |2023 |John Hildebrandt named COO PriceSmart opens three club stores (Colombia-El Poblado, El Salvador-San Miguel and Guatemala-Escuintla) |- |2024 |PriceSmart opens one club store (El Salvador-Santa Ana) |- |2025 |PriceSmart opens two club stores (Costa Rica, Guatemala-Quetzaltenango) |} ==Worker organization== The [Oilfields Workers' Trade Union](/source/Oilfields_Workers'_Trade_Union) (OWTU) has advocated for [seating for cashiers](/source/Right_to_sit) at PriceSmart locations in [Trinidad and Tobago](/source/Trinidad_and_Tobago). In December, 2025, unionized PriceSmart workers in [Port of Spain](/source/Port_of_Spain) protested for the right to sit. OWTU has been advocating for seating for cashiers for 15 years.{{cite web|url=https://newsday.co.tt/2025/12/20/owtu-stands-up-for-pricesmart-cashiers-give-them-chairs/ |title=OWTU stands up for PriceSmart cashiers – 'give them chairs' |publisher=[Trinidad and Tobago Newsday](/source/Trinidad_and_Tobago_Newsday) |accessdate=2026-03-03}} ==References== {{reflist}} ==External links== * [https://pricesmart.com/ PriceSmart] * [http://www.referenceforbusiness.com/history/Pa-Ql/PriceSmart-Inc.html Company Information] {{DEFAULTSORT:Pricesmart}} Category:Companies based in San Diego Category:Retail companies of the United States Category:Retail companies established in 1993 Category:Companies listed on the Nasdaq Category:Warehouse clubs --- Adapted from the Wikipedia article [PriceSmart](https://en.wikipedia.org/wiki/PriceSmart) by Wikipedia contributors ([contributor history](https://en.wikipedia.org/wiki/PriceSmart?action=history)). Available under [Creative Commons Attribution-ShareAlike 4.0 International](https://creativecommons.org/licenses/by-sa/4.0/). Changes may have been made.