Grupo CCN president Jose Miguel Gonzalez Cuadra has announced the opening of new stores in La Vega, Moca, Puerto Plata and Greater Santo Domingo in 2015. The chain operates Supermercados Nacional, the Jumbo megastore, Casa for household goods, hardware store, the Cuesta bookstore, the Jugueton toy store, Jumbo Express, Bebe Mundo for babies and La Bodega liquor store.
In an interview with Diario Libre, Gonzalez Cuadra expressed optimism about the Dominican economy, and said that as soon as the oil prices are stabilized there will be price cuts. Nevertheless, he said people are skeptical about the duration of the present oil price drop. At the same time, he said 2015 would be one of the most dynamic years in the history of the commercial chain that dates back to 1935.
Gonzalez said it would be an investment of US$50 to US$60 million and around 700-900 new jobs would be created. He said the stores would showcase the “Dominican Heart” social-inclusion initiative in which Dominican artisanal producers are given special exposure in the store.
See the discussion on the Puerto Plata site in the DR1 forums:
http://www.dr1.com/forums/north-coast/147583-jumbo-building-pop-roundabout.html
http://www.listindiario.com/economia-and-negocios/2014/12/14/349125/CNN-hara-millonaria-inversion