Tuesday, January 31, 2023

Chiquitín Closes Shops in Puerto Rico

By on January 12, 2016

Kids’ shoe store chain Chiquitín announced Tuesday it is closing its stores in Puerto Rico, after 40 years of operation.

The locale in the Plaza Las Américas shopping center, in San Juan’s Hato Rey district, closed Sunday, while the store in Las Catalinas Mall, in Caguas, will close Wednesday, company representatives said through social media.

The chain also had stores in Plaza del Caribe in Ponce and Plaza del Sol in Bayamón, but they also closed recently.

Chiquitín reps also asked customers to express solidarity with laidoff employees, some of whom spent more than 15 years in the company.

Although they did not give further details, reps added that “soon a successor will come who will take Chiquitín to its next 40 years.”

The announcement was made just a day after video game retailer GameStop announced it will pull out of the Puerto Rico market by the end of the first quarter of 2016, closing 35 stores and laying off about 400 employees.

While the company mainly attributed its Puerto Rico exit “ongoing business challenges and increased governmental restraints,” some observers have pointed out that the company’s business model is facing hardships worldwide, as game distribution is moving more into digital downloads rather than the physical media that is GameStop’s bread and butter.

By Dennis Costa

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