Mexico’s Black Friday: Just another shopping day?

Customers wait in line to pay for their merchandise during Mexico’s “El Buen Fin,” but sales during the country’s version of “Black Friday” have slowed this year. (Bloomberg News)
Customers wait in line to pay for their merchandise during Mexico’s “El Buen Fin,” but sales during the country’s version of “Black Friday” have slowed this year. (Bloomberg News)

By Anthony Harrup / Wall Street Journal

Mexico’s version of Black Friday, known as El Buen Fin or “the good weekend,” has seen sales grow annually since its inception in 2011, although in its fourth edition this year growth slowed to 13.7 percent from around 40 percent in its first two years.

A survey by Deloitte suggests that retailers don’t necessarily make their best offers over the long holiday weekend in mid-November, and that while consumers might bring forward some of their Christmas shopping, a vast majority still have more spending to do in December.

http://blogs.wsj.com/economics/2014/12/22/mexicos-black-friday-just-another-shopping-day/

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