2007
Weak American Dollar Increase Retailer Holiday Traffic from Tourist
Posted by: Fashion06 in Fashion News |
Comments on the Article blog are now OFF! If you wish to leave feedback or your opinion of an article individual threads will be created in the Dobizo Community for further discussion. Go to discussion by Clicking Here Now
Many of these tourist are getting double the value off of our weak dollar and are definitely enjoying it. The current boost in retail traffic to US retailers is due to the fact of the crumbling value of the American dollar and clothing retailers are feeling the rise in shoppers and their liking it. It doesn’t matter where the traffic comes from as long as it comes and foreigners and tourist are moving in packs toward American retailers to get double the value for their strong currency.
New York retailers are really feeling the affect of the declining value of the dollar from tourist shopping in historic district and at stores like Saks Inc. located on Fifth Avenue in New York City.
Source: WWD
Serious about starting a clothing line? If so subscribe to our free newsletter for exclusive articles/updates that you don't want to miss! or Our RSS Feed
Continue This Discussion In Dobizo Forum
Popularity: 1% [?]
Want To Learn How To Start A Clothing Line From a proven fashion industry professional? If so Click Here to take a listen 100% Free to how you can succeed in the fashion industry from Ceo's of million dollar apparel industry businesses.
Share
December 10th, 2007 at 10:17 am
The weakening of the US dollars has really an effect to the economy. This is a blessing in disguise to the tourist shoppers. They can buy what they want at a cheaper price.
February 6th, 2008 at 10:32 am
[…] as a whole at current exchange rates between US currency and the Euro. Read earlier articles here, and […]