According to Elliot Bullman from Mexico News Network, the multi-billion peso “Buen Fin”, comes as the ultimate retail therapy for post U.S. election woes.
The commerce sector of Mexico City estimates that the sixth edition of “El Buen Fin”, which finishes today, and took place from 18 to 21 November, will generate economic revenues in excess of 22.5 billion pesos, 5.0 percent higher than that of 2015.
In a press conference, the president of the local Chamber of Commerce, Services and Tourism (Canaco), Humberto Lozano Avilés, and the head of the Economic Development Secretariat (Sedeco) , Salomón Woldenberg, agreed that programs like this are the best way to strengthen Mexico´s domestic commerce.
Zona Rosa, Mexico City (Photo: Mexico News Network)
They emphasized that in the face of the current international situation, particularly the uncertainty generated by the outcome of the US elections, it is time for unity, and to take internal actions that allow the development of the national economy.
MULTIBILLION PESO BUEN FIN, THE ULTIMATE RETAIL THERAPY FOR POST US ELECTION WOES (Photo: Mexico News Network)
Lozano Avilés pointed out that Mexico City´s participation alone in El Buen Fin will account for around 25 percent of the country’s total transactions, which equates to between $85 and 90 bn pesos.
He detailed the expected sales percentages are in apparel and footwear with 32.7 percent; Electronic products, 29.5 percent; Appliances, 7.4 percent, and others such as tourist packages, furniture, auto accessories totalling, 30.4 percent.
Original Image, source: El Buen Fin’s official Facebook page
The leader of the Mexico City chamber of commerce called on chamber members to offer really good discounts on their goods and services, noting that discounts of between 10 and 40 percent are expected.
He also called on consumers to preferentially buy goods and services produced in Mexico, which will give an important boost to the national economy and protect jobs.