US chain PriceSmart announced its first branch in Chile will be at Mallplaza Los Dominicos in Las Condes, with opening scheduled for the first half of 2027.
The membership-based shopping chain confirmed on July 9, 2026, that the store will span about 9,000 square meters and operate with an annual membership model. This format allows members access to products in convenient sizes at low prices.
PriceSmart CEO David Price stated: “We are excited to announce that our entry into Chile will be realized with the opening of our first location in the Las Condes commune, which will also be our first Shopping Club located inside a shopping center”.
Mallplaza general manager Pablo Pulido said the alliance strengthens the urban center with a unique proposal in the country. The company currently operates 57 clubs in 12 countries and views Chile as a strategic market for the Southern Cone.
