PriceSmart (PSMT) Announces January Comp Sales Increases 18.1%

PriceSmart (NASDAQ: PSMT) announced For the four weeks ended January 25, 2009, comparable warehouse sales for the 24 warehouse clubs open at least 12 full months increased 18.1% compared to the same four-week period last year. For the twenty-one week period ended January 25, 2009, comparable warehouse sales increased 14.8% compared to the comparable twenty-one week period a year ago.

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PriceSmart owns and operates U.S.-style membership shopping warehouse clubs in Central America and the Caribbean, selling high quality merchandise at low prices to PriceSmart members.

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