Supermercados Selectos Explained

Supermercados Selectos should not be confused with Supermercados Super Selectos.

Supermercados Selectos is a Puerto Rican supermarket company.^[1] It is one of a number of well-known Puerto Rican supermarkets chains, along with Pueblo Supermarkets and others.

History

The first four Supermercados Selectos stores opened in 1978, after Carlos Torres, a Puerto Rican businessman, took the initiative of organizing a number of small mom-and-pop ("colmado") stores group into one integrated company, in order to compete against larger supermarkets. (See certificate of incorporation.) ^[2] Another one of the chain's first owners was Ignacio Veloz Camejo, honorary president of Centro Unido de Detallistas de Puerto Rico since 1991.^[3]

In 1995, the chain was purchased by Edwin Ortiz.^[4]

By 2010, the chain operated a total of 32 stores.^[5] By 2014, the chain had reached 37 operating stores.^[6]

See also

Supermercados Econo - another Puerto Rican supermarket chain with a similar business model

Notes and References

1. Web site: SuperPagesPR.com - El directorio teléfonico de Páginas Amarillas en Puerto Rico.. superpagespr.com. 17 May 2015.
2. Web site: CORPORATIVO. selectospr.com. 17 May 2015.
3. Web site: Ignacio T. Veloz Camejo – Presidente Honorario - Centro Unido de Detallistas. https://web.archive.org/web/20150518095959/https://www.centrounido.com/junta-de-directores/ignacio-t-veloz-camejo-presidente-honorario/. 2015-05-18. centrounido.com. dead. 2019-10-04.
4. Web site: A Small Business Grows in Morovis - The U.S. Small Business Administration . SBA.gov . January 29, 2022.
5. Web site: Supermercados Selectos avanza a paso firme. El Nuevo Dia. 17 May 2015.
6. Web site: Supermercados Selectos continúa apoyando la agricultura local. Negocios Metro. 23 December 2014. Metro. 17 May 2015.