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.

You may be interested

Our High Season Print Edition is here! Here’s where to find it
The Tico Times
193 views
The Tico Times
193 views

Our High Season Print Edition is here! Here’s where to find it

Katherine Stanley - December 11, 2017

In the weeks since the relaunch of The Tico Times on Sept. 1, we’ve been hard at work to reconnect…

Bright Lights Boat Parade inaugurates holiday season in Quepos
Events
297 views
Events
297 views

Bright Lights Boat Parade inaugurates holiday season in Quepos

Elizabeth Lang - December 11, 2017

The Bright Lights Boat Parade marked the official kickoff of the holiday season in the Central Pacific town of Quepos…

Strong winds cause three deaths in Costa Rica, one in El Salvador
Weather
2706 views
Weather
2706 views

Strong winds cause three deaths in Costa Rica, one in El Salvador

AFP - December 10, 2017

Three people have died in Costa Rica, includiing two Swiss tourists, and one in El Salvador as a result of…