Guam’s only warehouse shopping club, PriceSmart, is closing its doors on December 31st. Management cites the inability to attract enough members to the price club, saying that the membership feature just doesn’t work on Guam for some reason.
I never joined PriceSmart, not because of the $20 membership fee, but because I can get everything I need at Cost U Less, a competitor without the membership hassles, or KMart. Plus I had the feeling PriceSmart would never last; PriceCostco failed in the same location for the same reasons. Why pay for membership when the same things are for sale at a couple other places. Kind of defeats the purpose of a price club.