Venezuelan Supermarket chain Garzón venture into Panama, and October 30 is scheduled to open in the Agora Plaza in Transístmica. This company, owned by Carlos Garzon, 40, began operations in 1990 in San Cristobal, and now has about five stores, some supermarkets, where working 24 hours a day. Their slogans were: "The King of Low Prices" and "Much More for Much Less." In Panama, Garzon will only running a supermarket, while the other hypermarkets in Venezuela has sold artifacts appliances, computers, air conditioners and others. The competition will not be easy. In Panama operate 75 supermarkets and 10 smaller ones. The list of the leading chains of supermarkets Panama 99 (33 local), King (18 stores), The Machetazo (8), Super Xtra (8), Riba Smith (4), PriceSmart (4) and Mr. Price (10).
According to some reports, the Rey supermarket group, and 99 Machetazo together billed $ 900 million in 2007. For 2008 estimated sales of $ 1.200 million. However, the work for the opening of this center are performed at full speed. Glass, covered with manila paper, provide little insight into what represents this new market. However, a few feet of the premises, any staff machinery moves back and forth. In the tank and with offices, employees are Panamanian and Venezuelan working together. Panama is the entry of Garzón, and that in future plans are to expand this network throughout Latin America.
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