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Encyclopedia > Amigo Supermarkets

Amigo Supermarkets (Supermercados Amigo) are a chain of supermarkets located in Puerto Rico owned by Wal-Mart Stores, Inc. Wal-Mart Stores, Inc. ...

Contents

Beginnings

Supermercados Amigo were opened by Jose A. Marti Fuentes. During the company's formative years, it operated small supermarkets across the island; these would be located at small strip malls. Many towns in Puerto Rico had multiple Supermercados Amigo locations.


The transformation

After the Grand Union and Coop Supermarkets companies ceased operations in Puerto Rico, Amigo began plans to become a major player in Puerto Rico's supermarket industry. In 1989, they opened their first major store, located at Plaza del Carmen Mall, in Caguas. Subsequently, many other major stores were opened across Puerto Rico. A massive television campaign began, and their slogan, Amigo, lo mejor al mejor precio (Amigo, the best at the best prices) became a household phrase in Puerto Rico. To meet Wikipedias quality standards, this article or section may require cleanup. ...


Economic problems

Amigo ran into serious economic problems in the 1990s, most of them having to do with employee salary. As a consequence, the company began losing money. There were several strikes, and these received wide media attention.


Wal-Mart

In July of 2004, in what became a controversial business move, American retail giant Wal-Mart took over Supermercados Amigo. Claims of unfair competition and monopoly were instantly made by smaller supermarkets, because Amigo would be backed by the strong assets of Wal-Mart. As part of the agreement made in order for the purchase to take place, various supermarket locations had to be closed (specifically if there was a Wal-Mart or Sam's Club nearby). The closed Amigos became part of a new (at the time) supermarket company known as "SuperMax". Wal-Mart Stores, Inc. ...


The structure of the supermarkets themselves was not changed because of the purchase, the only exception being that now customers may pay for their purchases with their respective Sam's Club or Wal-Mart Credit Cards.


  Results from FactBites:
 
Analysis of the Complaint and Proposed Decision and Order to Aid Public Comment (1690 words)
Amigo, headquartered in San Juan, Puerto Rico, is the largest supermarket chain in Puerto Rico in terms of dollar sales.
There are numerous small and mid-sized supermarket chains throughout the island, and in general, competition appears robust.
The divestitures are to an up-front newly-formed entity founded by experienced supermarket owners which would be a new entrant in the relevant geographic markets and which the Commission has evaluated for competitive and financial viability.
Wal-Mart Stores, Inc. (1067 words)
This led the FTC to define a product market that consists of full-service supermarkets, supercenters, and the retail sale of supermarket-type items at club stores or similar stores that allow consumers to complete substantially all of their weekly food shopping in one visit.
Amigo, headquartered in San Juan, Puerto Rico, is the largest supermarket chain in Puerto Rico, based on dollar sales.
The proposed buyer includes as its founders and management two former long-time members of Amigo's board, and managers at the four stores are expected to remain in place, facilitating the stores' continued operation as competitive entities.
  More results at FactBites »

 
 

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