PriceSmart owns and operates shopping warehouse clubs in Latin America and the Caribbean. Sol Price and Robert Price founded the company in January 1998. The PriceSmart warehouse clubs sell basic consumer goods to both individuals and businesses. Approximately half of the goods typically composed at each club are from United States suppliers with the remaining goods being locally sourced. PriceSmart operates more than 20 warehouse clubs in Panama, Costa Rica, Dominican Republic, El Salvador, Guatemala, Honduras, Aruba, Barbados, Jamaica, Nicaragua and the United States Virgin Islands. Its stock is traded on the NASDAQ under the symbol PSMT. PriceSmart maintains corporate headquarters in San Diego.