Pueblo Supermarkets

Last updated
Pueblo Supermarkets
Type Grocery
Industry Retail
Founded1955
Headquarters San Juan, Puerto Rico
Area served
Puerto Rico and U.S. Virgin Islands
ProductsBakery, dairy, deli, frozen foods, general grocery, meat, pharmacy, produce, seafood, snacks, liquor
OwnerRamón Calderón
Divisions Pueblo USVI
Subsidiaries Amigo Supermarkets
Website https://puebloweb.com

Pueblo is a Puerto Rican supermarkets chain. It has been one of Puerto Rico's major supermarket chains since 1955.

Contents

History

The brainchild of brothers Harold Toppel and George Toppel, sons of Russian immigrant parents, Pueblo began as a single store operation on Roosevelt Avenue in the Puerto Nuevo section of San Juan, Puerto Rico.[ citation needed ] The success of the first store led the Toppels to open 43 other Pueblo Supermarkets around the Island and, by 1960, to convert the enterprise into a public company that began trading on the New York Stock Exchange.[ citation needed ]

In 1963, Pueblo expanded beyond Puerto Rico's shores to the US Virgin Islands. Pueblo opened stores in St. Thomas and St. Croix [ citation needed ].

The company also introduced the trademark Pueblo which included items from paper towels to rice.

In 1983, Pueblo launched the Xtra Super Food Centers concept, a discount warehouse supermarket which allowed the customer to shop for groceries in a larger store format featuring lower prices with stores located in Puerto Rico and the state of Florida. The lower prices were made possible by the elimination of some services, such as baggers. In 1989, Pueblo acquired the franchise rights to develop Blockbuster Video Stores in Puerto Rico and the US Virgin Islands. The first Blockbuster Video store opened in Puerto Rico in June 27, 1990 at Campo Rico Avenue in Carolina,[ citation needed ] next to the Administration Office and Distribution Center.

Bankruptcy

In 2003, Pueblo faced financial troubles and there were rumors of a potential buyer from Venezuela.[ citation needed ] In 2007, Pueblo faced serious financial difficulties again, as many locations were sold to other competitors. Some were acquired and taken over by rival supermarkets Econo, Grande, COOP and Supermax.[ citation needed ]

Bidding and Pueblo, Inc. (f/k/a as PS Acquisition)

Monte Mall Pueblo El Monte Mall (2).jpg
Monte Mall Pueblo

The entire chain was auctioned in September 2007 as part of the Chapter 11 Bankruptcy process, where a bid by Ramón Calderón president of Holsum of Puerto Rico (a baker goods company) for $139 million succeeded in taking over the rest of its operations. [1] The Bankruptcy Court in Delaware approved the transaction. The new company expected to restructure Pueblo in an effort to revive the brand.

In September, 2009 Pueblo, Inc. sold its flagship store in Campo Rico Avenue, Carolina (next to their Corporate Headquarters and Distribution Center) to Econo Supermarkets.

In April 2012, Pueblo acquired two former Supermercados Selectos stores in Southeast Puerto Rico and converted them into Pueblo, in Arroyo and Guayama. [2]

In February, 2014, Pueblo opened a new store in Ciudadela, Santurce. [3]

In May, 2016, Pueblo relocated their Monte Mall store in Hato Rey from the first level of the Mall to the second one facing Luis Muñoz Rivera Ave. on a bigger space of 34,000 sq. feet incorporating the Village concept. [4]

Pueblo Supermarkets acquisition of Amigo Supermarkets

In June 2022, Pueblo Supermarkets announced that it would be buying the 11 Amigo Supermarkets from Walmart, the name would stay and the 1,100 employees would keep their jobs. On August 26, 2022, the transition from Amigo to Pueblo supermarkets began.[ citation needed ]

See also

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References

  1. "Supermercados Pueblo ya le pertenecen a empresario boricua". November 2007.
  2. "Pueblo expande la cadena". El Nuevo Día. April 24, 2012.
  3. "Pueblo abrirá en Ciudadela en Santurce". El Nuevo Día. February 4, 2014.
  4. "Pueblo reinaugura en Monte Mall". El Nuevo Día. May 26, 2016.