PriceSmart

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PriceSmart is wise in the ways of members-only club retailing. The retailer runs about 30 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 50,000-85,000 sq. ft., and the membership fees average about $25. PriceSmart was founded in 1976 by father-and-son team Sol and Robert Price.

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3.8

Overall Excellence Rating

Industry

Retail

Category

General Merchandise & Superstores

ESG/Ethical Impact

PriceSmart is committed to fostering a healthy environment for our employees, members, vendors, communities, and the world around us. The Company’s actions and practices aim to responsibly use natural resources and focus on reducing our environmental impact. Our ESR Team works directly with all areas of the company in the assessment and establishment of purpose, values, strategies, policies, and goals related to economic, environmental, and social topics. From an environmental perspective, one of the principal objectives of this team is to find, prevent and control the environmental impacts generated by our operations as well as to work to adapt and mitigate the impacts of climate change. PriceSmart is committed to minimizing the environmental impact associated with waste generated in our operations and to raising environmental awareness among our employees, members, and visitors. Through the Company’s actions and practices, PriceSmart strives to prevent, reduce and control its environmental impact by managing waste generated by the business unit’s responsibility. As part of our commitment to proper waste management, the ESR Team, in partnership with the Operations Department, leads the Corporate Solid Waste Management Program. This program provides guidelines to manage solid waste disposal. In addition, the program integrates the management of solid waste generated during business operation and by our employees, Members and visitors during their time in our clubs. The objective of this program is to manage waste through reduction, reuse and recycling to prevent it from going to a landfill.

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Awards Received

2023

Revenues

$4,070,000,000.00

Website Traffic

Employee Rating

3.8

Customer Rating

3.8

Company Size

5000-10000

ESG Risk Rating

3

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