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PriceSmart is a membership-based warehouse club, based in San Diego, California, with a distribution facility in Miami, Florida. It operates in 13 countries in Central America, the Caribbean, and South America. PriceSmart is the largest operator of membership warehouse clubs in Central America and the Caribbean. It shares a similar business model to Costco and Sam's Club in the US, with smaller store sizes. In recent years, most PriceSmart Foods locations have been converted into Save-On-Foods stores. It was merged with Costco in 1993, but soon after, the Prices departed to found PriceSmart. PriceSmart is now Costco's largest customer. Membership is international and can be used in any of the countries where they operate.
