Curacao (retail store)

Last updated
Curacao
Company type Private
Industry Retail
Founded1978(46 years ago) (1978)
Headquarters,
USA
Number of locations
11
Products Consumer Electronics
Toys
Home Appliances
Furniture
Jewelry
Cosmetics
Number of employees
2,180
Parent ADIR International, LLC
Website http://www.icuracao.com
Store Locator

Curacao (pronounced Koo-ra-sao), formerly La Curacao, is a large-format retail store chain and finance company with export, travel and money transfer services. [1] Founded in 1978, Curacao is headquartered in Los Angeles with retail locations in California, Arizona and Nevada. [2]

Contents

Services

Curacao serves a diverse array of customers. A large percentage of its credit card holders include Hispanic and Latino American consumers. [3] Every store features English/Spanish-language advertisements and bilingual salesclerks. [4] Curacao sells most of its merchandise on credit, and has opened accounts for over two million private label cardholders. [5] [6] The company's services also include Curacao Travel, Curacao Money Transfer, and Curacao Export. The company's mission is said to be to improve people’s lives by providing them access to products and services using Curacao’s proprietary credit while supporting the communities it serves. [7] In 2002, the Curacao Foundation was established with programs focused on providing home goods, free services, financial, health and immigration education and resources. [8]

Statues of Aztec warriors at the entrance of La Curacao. Curacao Department Store.jpg
Statues of Aztec warriors at the entrance of La Curacao.

Locations

History

Founding

Curacao began as a consumer-product door-to-door sales company, in Burbank, California. [9] It became popular among the Latino community who did not have access to credit. [5] Salesmen allowed customers to buy their goods by placing a down payment and then returning to the customer's residence to collect payments on a regular basis. [10] This service eventually evolved into Curacao's proprietary credit business. [2]

Expansion

In 1983, La Curacao moved to the Pico-Union district in Los Angeles. [9] By 1984, it had opened its export division, which allowed customers to shop for goods and have them shipped to their families in Mexico and Central America. [11] During the Los Angeles Riots in 1992, the original store was burned down and its inventory destroyed. Two weeks later, the business reopened at its flagship location of 1605 W. Olympic Blvd. [9]

In 1995, La Curacao opened its second store, in the Panorama City district of the San Fernando Valley. Inside the Panorama Mall, the new store featured Mesoamerican style decor and child care. The company also purchased the office tower at 1605 West Olympic Boulevard, now the La Curacao Business Center, where its headquarters are now situated. [9]

By 2007, the Curacao stores had ten locations in the Southwestern United States, with nine stores in California and two in Arizona. [11]

In 2012, La Curacao was renamed Curacao, undergoing complete rebranding to cater to the second and third generation millennial Latino consumer. [12]

Curacao currently has locations in Los Angeles, [13] Panorama City, [13] South Gate, [13] Huntington Park, [13] San Bernardino, [13] Lynwood, [13] Santa Ana, [13] Chino, [13] Phoenix, Anaheim, [13] Tucson, [14] [15] Las Vegas [16] [17] and Northridge. [18]

Initiatives

The retailer is looking to continue adding new store locations across California and expand to more U.S. states by 2022. [19]

Export

Export is one of Curacao's services. Customers can purchase a product in the United States and have it delivered to countries in Central America and Mexico. [19] The company has its own warehouses and distribution centers in Mexico and Central America and operates a home-delivery program. [9]

Travel

Curacao’s Travel agency books over 20,000 trips a year on their proprietary credit card for services ranging from airline tickets, hotels, travel packages and cruises to specialized tours and entertainment venues. [20]

Money Transfer

Curacao’s Money Transfer affiliate makes it possible for customers to send over 175,000 international money transfers per year, on credit, by visiting Curacao stores or using the Curacao Money Transfer app. [21]

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References

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  15. "Curacao finally opens Tucson store". kold.com. KOLD-TV. 2012-09-28.
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  19. 1 2 Russ Gager. "All In The Family". Management Today. Retrieved 2011-01-25.
  20. "CURACAO TRAVEL". icuracao.com (in Spanish).
  21. "Money Transfer". icuracao.com.

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