PriceSmart, Inc. is a United States based operator of membership warehouse clubs in Central America, the Caribbean, and South America. PriceSmart was founded by Sol and Robert Price, founders of Price Club; Robert Price is chairman of the board. As of September 2026, PriceSmart operates 58 warehouse clubs, with plans of 5 new locations.
Warehouse clubs The following table lists the warehouse clubs owned and operated currently by PriceSmart:
Country No. of stores Aruba 1 Barbados 1 Colombia 10 Costa Rica 10 Dominican Republic 6 El Salvador 4 Guatemala 7 Honduras 3 Jamaica 3 Nicaragua 2 Panama 7 Trinidad and Tobago 4 U.S. Virgin Islands 1
Planned Country No. of stores Chile 3 Costa Rica 1 Dominican Republic 1 Guatemala 1Jamaica1
Key dates
Year Events1976Price Club founded by Sol and Robert Price1993The Price Co. and Costco Wholesale Club merge, forming Price/Costco Inc (later renamed Costco Wholesale Corporation)1994Price Enterprises Inc spun off from Price/Costco
Robert Price named chairman, president and CEO of Price Enterprises
PriceSmart operates as a wholly owned subsidiary of Price Enterprises1995Licensees open two club stores (Micronesia and Guam)1996PriceSmart opens its first club store (Panama)
Licensees open one club store (Indonesia)1997PriceSmart opens its second club store (Panama)
Licensees open two club stores (China and Indonesia)
Price Enterprises Inc separates itself from PriceSmart by spinning off all non-real estate assets to PriceSmart
PriceSmart completes IPO and begins trading as PSMT on NASDAQ stock exchange
Gilbert A. Partida appointed president and CEO1998Licensees open two club stores (China and Philippines)
Licensee stores in Guam and Philippines close
Licensee arrangement with operator of Indonesian club stores terminated1999PriceSmart opens seven club stores (Guatemala, Costa Rica, El Salvador, Honduras, Panama, two in Dominican Republic)
Licensees open two club stores (China)2000PriceSmart opens eight club stores (Dominican Republic, El Salvador, Honduras, two in Costa Rica, Panama, Guatemala, Trinidad)
Licensees open one club store (China)
PSMT Philippines created as a joint venture with S&R Membership Shopping, with PriceSmart holding 60% ownership2001PriceSmart opens seven club stores (Aruba, USVI, Guatemala, Barbados, Trinidad, two in Philippines)
Licensees open three club stores (China)2002PriceSmart opens three club stores (Guam, two in Philippines)
PriceSmart starts wholesale phone card sales program
Licensees open two club stores (China)
PSMT Mexico created as joint venture with Grupo Gigante, with PriceSmart holding 50% ownership
PSMT Mexico opens two club stores in Mexico2003PriceSmart opens two club stores (Jamaica, Nicaragua)
PriceSmart closes four club stores (Dominican Republic, Guatemala, Guam, Philippines)
PriceSmart terminates wholesale phone card sales program
PSMT Mexico opens one club store
Licensees open two club stores (China)
Gilbert A. Partida resigns as president and CEO, Robert E. Price assumes role of interim president and CEO
PriceSmart announces it will restate financial results for 2002 and 2003.2004PriceSmart opens one club store (Philippines)
Licensees close two club stores (China)2005PriceSmart opens one club store (Costa Rica)
PSMT Mexico closes its three stores in Mexico (Irapuato and Celaya stores replaced with Home Depot)
Company sells its interest in PSMT Philippines to E-Class Corporation, one of PSMT Philippines' minority shareholders (all stores in Philippines became S&R)
Licensee arrangement with operator of Chinese club stores terminated2006PriceSmart relocates San Pedro Sula, Honduras club store
PriceSmart added to Russell 2000 stock index2007PriceSmart opens two club stores (Guatemala, Trinidad)
PriceSmart sells its interest in PSMT Mexico to Grupo Gigante2009PriceSmart opens one club store (Costa Rica)
Ranked #55 on Fortune Magazine's list of 100 fastest growing companies2011PriceSmart opens one club store (Colombia-Barranquilla)2012PriceSmart opens one club store (Colombia-Cali)2013PriceSmart opens two club stores (Colombia-Cali and Costa Rica)2014PriceSmart opens three club stores (Honduras, Colombia-Medellin, Colombia-Pereira)2015PriceSmart opens one club store (Colombia-Bogotá)2016PriceSmart opens one club store (Colombia-Chia)2018PriceSmart acquires Aeropost.com
PriceSmart opens one club store (Dominican Republic)2019PriceSmart opens three club stores (Dominican Republic, Guatemala-San Cristobal, Panama-Metro Park)2020PriceSmart opens two club stores (Costa Rica-Liberia and Colombia-Bogota)2021PriceSmart opens two club stores (Colombia-Bucaramanga and Guatemala-Aranda)2022PriceSmart opens one club store (Jamaica-Portmore) Sherry Bahrambeygui removed from PriceSmart
Pricemart sells Aeropost.com2023John Hildebrandt named COO PriceSmart opens three club stores (Colombia-El Poblado, El Salvador-San Miguel and Guatemala-Escuintla)2024PriceSmart opens one club store (El Salvador-Santa Ana)2025PriceSmart opens two club stores (Costa Rica, Guatemala-Quetzaltenango)2026PriceSmart opens one club store in Jamaica (Montego Bay) (As of )
Worker organization The Oilfields Workers' Trade Union (OWTU) has advocated for seating for cashiers at PriceSmart locations in Trinidad and Tobago. In December, 2025, unionized PriceSmart workers in Port of Spain protested for the right to sit. OWTU has been advocating for seating for cashiers for 15 years.
References
External links PriceSmart Company Information