Mexico kicks off the holiday shopping season with 'El Buen Fin'

Record ID: 938108

  • Title: Mexico kicks off the holiday shopping season with 'El Buen Fin'
  • Date: 17th November 2017
  • Summary: MEXICO CITY, MEXICO (NOVEMBER 17, 2017) (REUTERS) PEOPLE WAITING OUTSIDE STORE PEOPLE ENTERING STORE POSTER THAT READS 'GOOD WEEKEND' VARIOUS OF SHOPPERS LOOKING AT ELECTRONICS FAMILY WITH SHOPPING CART WALKING BY REFRIGERATOR WOMAN PURCHASING WOK PEOPLE AT REGISTERS MAN PUSHING SHOPPING CART ON LINE TO PAY WOMAN SLEEPING WHILE ON LINE MAN COUNTING MONEY CROWD ON LINE AT REGISTERS CASHIER RINGING UP PURCHASE (SOUNDBITE) (Spanish) ALBERTO VENTURA, MEXICAN SHOPPER, SAYING: "I buy what I need. In other words, I come to buy things I will use. Also, the economy isn't doing too well but they're things we need, especially if I can get them on payments and I just make the payments." PEOPLE SHOPPING COUPLE PUSHING CART WITH BIG BOX ITEMS FAMILY SHOPPING FOR CLOTHES MAN CARRYING SET OF KITCHEN POTS AND PANS SHOPPERS ON LINE AT REGISTERS (SOUNDBITE) (Spanish) CARMEN KINGSTON, VICE-PRESIDENT OF OPERATIONS AT SAM'S CLUB MEXICO, SAYING: "The economy has been dynamic regarding the exchange rate with the dollar but what we've seen is that, to some degree, whether the dollar goes up or down, we continue to capitalize in one market or the other. We have not seen an impact on our business." TOP SHOT OF SHOPPERS ON LINE AT REGISTERS SHOPPERS PUSHING CARTS (SOUNDBITE) (Spanish) CAROLINA VALDEZ, MEXICAN SHOPPER, SAYING: "Many people don't know how to manage their finances so I think that one time is sufficient. Many people haven't finished paying last year's debt. I think it's important to know how to buy before spending money." VARIOUS OF SHOPPERS LEAVING STORE WITH PURCHASES
  • Embargoed: 1st December 2017 16:41
  • Keywords: Mexico shoppers El Buen Fin Black Friday
  • Location: MEXICO CITY, MEXICO
  • City: MEXICO CITY, MEXICO
  • Country: Mexico
  • Topics: Economic Events
  • Reuters ID: LVA00177V669V
  • Aspect Ratio: 16:9
  • Story Text: Throngs of Mexicans woke up early Friday (November 17) morning to get the best shopping deals during the country's "El Buen Fin" campaign.
    Customers hope to snag reduced prices, particularly on televisions, computers, cell phones, video games and household items.
    Many credit cards also promote the event by offering 12 to 18 months of interest-free payments on purchases made this weekend.
    El Buen Fin, which takes place this year from November 17 to 20, is a campaign designed to boost consumer spending launched in 2011 with government and private sector support.
    It is modelled on the United States' "Black Friday," which is the day after the U.S. Thanksgiving holiday in November that attracts shoppers with discounts before the gift-giving Christmas holiday.
    Mexico's economy is expected to slow this year, according to the International Monetary Fund that predicted 2.1 percent growth in 2017, slowing to 1.9 percent next year.
  • Copyright Holder: REUTERS
  • Copyright Notice: (c) Copyright Thomson Reuters 2017. Open For Restrictions - http://about.reuters.com/fulllegal.asp
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