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PriceSmart ends Colombia sales slump

Friday, January 6, 2017


Subscription warehouse club PriceSmart posted quarterly earnings this week that showed a return to solid growth as currency devaluation issues finally eased up in its biggest market.

For the first time in nearly two years, PriceSmart's results weren't pinched by currency devaluation in the Colombian market. As a result, the retailer enjoyed broad improvements in sales growth, membership income, and profitability.

Source: Motley Fool