S.S.
back costa
DR-CAFTA will help retailers continue to provide American
consumers with
the products they need at prices they can afford. DR-CAFTA would expand duty-free
treatment to cover
a wider range of products and would allow those products to
be made of fabric produced in the region
, along with a small quantity of
fabric from Canada or Mexico.S.inforpress toward
Retailers Welcome Passage of DR-CAFTA
S.S.
The National Retail Federation is the world's largest retail trade
association
, with membership that comprises all retail formats and channels of
distribution including department
, specialty, discount, catalog, Internet,
independent stores, chain restaurants, drug stores and grocery
stores as well
as the industry's key trading partners of retail goods and services. NRF
represents
an industry with more than 1.oriented central
PriceSmart Announces March Sales
Price, Interim Chief
Executive
Officer (858) 551-2336; or John M. DR-CAFTA will help protect those jobs here at home. 3045, the DR
-CAFTA
Implementation Act, sponsored by House Majority Leader Tom DeLay, R-Texas. yarn, and even
then
only certain products are duty-free.nicaragua investors
territory (four each in Panama and the Philippines; three in
Costa Rica; two
each in Dominican Republic, El Salvador, Guatemala, Honduras, and Trinidad;
and
one each in Aruba, Barbados, Jamaica, Nicaragua and the United States
Virgin Islands).4 million in
the same period last year. PriceSmart now operates 26 warehouse clubs in 12
countries and one U.S
.com.salvador honduras
Heffner, Executive Vice President
and Chief Financial Officer (858) 404-8826.
For
the nine
months ended May 31, 2005, net sales increased 11.0% to $497. But the unpredictability
of sourcing from
China in the current political environment makes it important for retailers to
have
reliable alternatives."
The House voted 217-215 early this morning to pass H.
DR-CAFTA
includes the Dominican Republic plus the Central American nations
of Costa Rica, El Salvador, Guatemala
, Honduras and Nicaragua. textiles.media subscription
7 million in the same period last year. These statements are subject
to risks and uncertainties
that could cause actual results to differ materially, including the following
risks: the Company had a substantial loss in fiscal 2003 and 2004; the Company
is required to
comply with financial covenants governing its outstanding
indebtedness and is out of compliance with
certain covenants, which gives
lenders the right to accelerate the Company's indebtedness; the Company
's
financial performance is dependent on international operations; any failure by
the Company to
manage its widely dispersed operations could adversely affect
its business; although the Company
has taken steps to significantly improve
its internal controls, there may be material weaknesses
or significant
deficiencies that the Company has not yet identified; the Company faces
significant
competition; the Company may encounter difficulties in the
shipment of and inherent risks in the
importation of merchandise to its
warehouse clubs; the success of the Company's business requires
effective
assistance from local business people; the Company is exposed to weather and
other risks
associated with international operations; declines in the
economies of the countries in which the
Company operates its warehouse clubs
would harm its business; a few of the Company's stockholders
have control over
the Company's voting stock, which will make it difficult to complete some
corporate
transactions without their support and may prevent a change in
control; the loss of key personnel
could harm the Company's business; the
Company is subject to volatility in foreign currency exchange;
the Company
faces the risk of exposure to product liability claims, a product recall and
adverse
publicity; a determination that the Company's long-lived or intangible
assets have been impaired
could adversely affect the Company's future results
of operations and financial position; and the
Company faces increased costs
and compliance risks associated with Section 404 of the Sarbanes-Oxley
Act of
2002; as well as the other risks detailed in the Company's SEC reports,
including the Company
's Form 10-Q filed pursuant to the Securities Exchange
Act of 1934 on January 14, 2005. For the thirty
-nine weeks ended June
5, 2005, comparable warehouse sales for warehouse clubs open at least 12
full
months increased 10.S.
This press release may contain forward-looking statements concerning the
Company's anticipated future revenues and earnings, adequacy of future cash
flow and related matters
.subscription central
0% to $55. There is little textile production in the
Dominican Republic or Central America, however
, so as a practical matter
manufacturers would still be limited to using mostly U. http://www.investors guatemala
For the four weeks ended April 3, 2005, comparable warehouse sales for
warehouse clubs open at
least 12 full months increased 11.-style
membership shopping warehouse clubs in Central America,
the Caribbean, and
the Philippines, selling high quality merchandise at low prices to
PriceSmart
members.
"Implementation of this agreement is going to create important new
incentives that
will encourage apparel retailers to expand their sourcing
operations in the region," NRF Vice President
and International Trade Counsel
Erik Autor said. "The Dominican Republic and Central America are
already
important to U.
Companion bill S.back costa
PriceSmart now operates 26 warehouse clubs in 12
countries and one U. We
assume no obligation and expressly disclaim any duty to update any
forward
-looking statement to reflect events or circumstances after the date
of this presentation or to reflect
the occurrence of unanticipated events.
DR-CAFTA will ensure the competitiveness of these
countries
in the post-quota environment so that they can continue to provide
that alternative. retail establishments
,
more than 23 million employees -- about one in five American workers -- and
2004 sales of $4
.belize nicaragua
8% to
$56. "The DR-
CAFTA countries are some of U.centroamericana central
7 million from $47.
This press release
may contain forward-looking statements concerning the
Company's anticipated future revenues and earnings
, adequacy of future cash
flow and related matters.8 million from
$448.
For the five weeks
ended June 5, 2005, comparable warehouse sales for
warehouse clubs open at least 12 full months increased
15. Under current
trade law, apparel from the region can qualify for duty-free shipment to the
United
States only if it is made of U.costa panama
territory (four each in Panama and the Philippines;
three in Costa
Rica; two each in Dominican Republic, El Salvador,
Guatemala, Honduras, and Trinidad; and one each
in Aruba, Barbados,
Jamaica, Nicaragua and the United States Virgin Islands). These statements are
subject to
risks and uncertainties that could cause actual results to differ
materially, including
the following risks: the Company had a substantial
net loss in fiscal 2004, a net loss in the first
six months of 2005, and
may continue to incur losses in future periods; if the Company fails to
comply
with covenants governing its indebtedness, the lenders may elect to
accelerate the Company's indebtedness
and foreclosure on the collateral
pledged to secure the indebtedness; the Company's financial performance
is
dependent on international operations which exposes the Company to various
risks; any failure
by the Company to manage its widely dispersed operations
could adversely affect the Company's business;
although the Company has
taken and continues to take steps to improve significantly its internal
controls, there may be material weaknesses or significant deficiencies that
the Company has not
yet identified; the Company is currently defending
litigation relating to its financial restatement;
the Company faces
significant competition; the Company faces difficulties in the shipment of
and
inherent risks in the importation of merchandise to its warehouse
clubs; the success of the Company
's business requires effective assistance
from local business people and, as a result, existing disputes
with
minority interest shareholders or other disputes with local business people
upon whom the
Company depends could adversely affect the Company's
business; the Company is exposed to weather
and other risks associated with
international operations; declines in the economies of the countries
in
which the Company operates its warehouse clubs would harm its business; a
few of the Company
's stockholders have control over the Company's voting
stock, which will make it difficult to complete
some corporate transactions
without their support and may prevent a change in control; the loss of
key
personnel could harm the Company's business; the Company is subject to
volatility in foreign
currency exchange; the Company faces the risk of
exposure to product liability claims, a product
recall and adverse
publicity; a determination that the Company's long-lived or intangible
assets
have been impaired could adversely affect the Company's future
results of operations and financial
position; and the Company faces
increased costs and compliance risks associated with compliance with
Section 404 of the Sarbanes-Oxley Act of 2002; as well as the other risks
detailed in the Company
's SEC reports, including the Company's Form 10-Q
filed pursuant to the Securities Exchange Act of
1934 on April 14, 2005.media update
6 million in March a year earlier. (NASDAQ: PSMT) today
announced that for
the month of May 2005, net sales increased 15.edition central
mexico oriented
6% to
$387. Last year, the Easter holiday was
in
the month of April.5%. 1307, sponsored by Senate Finance Committee Chairman Charles
Grassley, R-Iowa
, passed the Senate 54-45 on June 30.nrf.belize back
S.0 million from $48.4 million in May a year earlier.
Certain
prior period amounts may have been reclassified to confirm to the
current period presentation.latest costa
The Company has historically experienced increased warehouse sales
associated with the Easter
holiday in the countries in which it operates. We assume no obligation and expressly
disclaim any
duty to update any forward-looking statement to reflect events or
circumstances after the date of
this presentation or to reflect the occurrence
of unanticipated events.
For further information
, please contact Robert E.5% compared to
the same five-week period last year. textile makers' biggest
customers, so
thousands of U. fabric woven from U. As the industry umbrella group, NRF also
represents
more than 100 state, national and international retail
associations.edition update
5% compared to the
same four
-week period last year.PRESS RELEASE PriceSmart Announces May Sales
These forward-looking statements
include, but are
not limited to, statements containing the words "expect," "believe,"
"will,"
"may," "should," "project," "estimate," "scheduled," and like
expressions, and the negative thereof
.1 trillion.monthly panama
These forward-looking statements include, but are
not limited to, statements containing
the words "expect," "believe," "will,"
"may," "should," "project," "estimate," "scheduled," and like
expressions, and
the negative thereof.
About PriceSmart
PriceSmart, headquartered in
San Diego, owns and operates U.S.edition nicaragua
SAN DIEGO, PriceSmart, Inc.
For the seven months ended March
31, 2005, net sales increased 9.6 million from $353. WASHINGTON, The National Retail Federation
today
welcomed House passage of legislation implementing the Dominican Republic-
Central American
Free Trade Agreement. retailers because of the time-to-market advantage they hold
over China and
other Asian sources."
"It isn't just retailers who rely on the region," Autor said.S.centroamericana guatemala
(Nasdaq:
PSMT) today announced that for the month of March 2005, net sales
increased 17.R.newspapers caribbean
-style
membership
shopping warehouse clubs in Central America, the Caribbean, and
Asia, selling high quality merchandise
at low prices to PriceSmart members.
PriceSmart, Inc.edition inforpress
S. manufacturing jobs rely on apparel production
in this
region.4 million U.investigation subscription
For the thirty weeks ended April 3, 2005,
comparable warehouse sales
for stores open at least 12 full months
increased 9.0%.
This year, the Easter holiday was in March
.
About PriceSmart
PriceSmart, headquartered in San Diego, owns and operates U.belize latest
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