PSMT

Pricesmart, Inc.

A membership warehouse club operator, PriceSmart runs bulk-goods stores across Latin America and the Caribbean, selling a mix of local products and imported brands to shoppers who pay an annual fee. It was founded by Sol and Robert Price, the father-son duo who created the original Price Club in 1976, and its first warehouse opened in Panama in 1996. A fun twist: the same family behind one of America's first warehouse clubs brought the no-frills shopping model to smaller markets overseas.