PriceSmart, Inc. (NASDAQ: PSMT) the US based warehouse club retailer that operates stores in Colombia, Central America & The Caribbean this month announced that for net merchandise sales decreased 1.5% to USD from in June a year earlier. Foreign currency exchange fluctuations impacted net merchandise sales negatively by or 3.1% versus the same one-month period in the prior year. There were 46 warehouse clubs in operation at the end of and 43 warehouse clubs in operation at the end of .
Above: PriceSmart has installed enclosures around cashiers to isolate them from shoppers during checkout, along with other safety measures. Pricesmart Medellín photo: Loren Moss
“However, our team continued to quickly adapt to meet our members’ needs, having rolled out our Click and Go contactless online ordering and curbside pickup service to all markets. Although we only recently launched our Click and Go service, we are pleased to report that sales accounted for 2.7% of total net merchandise sales for the month of . We continue to work on improving and expanding our online initiatives and optimizing our club operations to allow members to have visibility to inventory, options for shopping, and the ability to purchase goods and services safely, quickly and efficiently. As we all work together to persevere and excel during these uncertain times, our online initiatives and club optimizations are directed at fulfilling our top priority to protect the well-being of our employees and members, while enhancing their shopping experience.”