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Friday, November 23, 2021

While economic analysts predict a disappointing 2007 holiday season due to U.S. recession fears, retail is getting a compensatory boost from across the borders on the official kickoff of the annual post-Thanksgiving shopping spree. Thanks to a weak dollar, today’s Friday is the new black for foreign visitors hitting the malls:

But for those who are enjoying the strength of the euro, pound, yen and other currencies against the moribund dollar, Black Friday provides an added reason to go on a shopping binge. Tourists not only get more bang for their buck, so to speak, but also get to buy things at the steep discounts for which Black Friday is known…

Whether or not increased sales to shoppers from outside the U.S. will be enough to make Black Friday and the rest of the holiday shopping season a success, in light of all the concerns about the health of the U.S. consumer, remains to be seen.

But retailers certainly should be prepared to say “gracias,” “danke,” “arigato” and thanks in many other languages if fourth quarter sales turn out to be better than expected.

In addition to the cheeky translations for “Black Friday” — Vendredi Noir (French), Schwarzer Freitag (German), Viernes Negro (Spanish) — let me contribute the Greek version: Μαύρη Παρασκευή. That’s on behalf of that smattering of Helenes tossing down their Euros, most likely in Manhattan somewhere.

by Costa Tsiokos, Fri 11/23/2007 08:21:45 PM
Category: Business
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