http://www.managementparadise.com/forums/EUROPEANS GO SHOPPING IN US AS DOLLAR DIVES
London/New York
The Economic Times
Dublin resident Heather Weir said she couldn’t talk for long last Tuesday as she stood at the crossroads of magic, music and video games at FAO Schwarz’s Manhattan store.
She was on a bargain tear down Fifth Avenue. A visit with her sister became a whirlwind shopping spree when the euro rose to a 20-month high against the dollar.
Weir spent more than 1,000 euros ($1,330) on everything from Skechers sneakers to Bobbi Brown cosmetics and Yankee-brand candles in a week. She bought $550 of jewellery at Tiffany. “I wouldn’t go mad at home like I did here,” said Weir, 26, who works at Merrill Lynch. “You get two times as much as you get for that price at home.”
London/New York
The Economic Times
Dublin resident Heather Weir said she couldn’t talk for long last Tuesday as she stood at the crossroads of magic, music and video games at FAO Schwarz’s Manhattan store.
She was on a bargain tear down Fifth Avenue. A visit with her sister became a whirlwind shopping spree when the euro rose to a 20-month high against the dollar.
Weir spent more than 1,000 euros ($1,330) on everything from Skechers sneakers to Bobbi Brown cosmetics and Yankee-brand candles in a week. She bought $550 of jewellery at Tiffany. “I wouldn’t go mad at home like I did here,” said Weir, 26, who works at Merrill Lynch. “You get two times as much as you get for that price at home.”