Crossing Wall Street: Your Guide to Financial Success, Hosted by Eddy Elfenbein
spacer About Buy List FAQ Contact Links Home
spacer

« The S&P 500 Is Down for the Year | Main | Web Freebies »

November 24, 2007 The World's Largest Outlet Mall

In the eyes of Europeans, the United States has become one enormous outlet mall:

Hours after her flight from Dublin landed in Boston on Thanksgiving, Alice Kinsella headed in a white van with a dozen relatives and friends to Wrentham Village Premium Outlets. The 36-year-old has never visited Boston, but she is bypassing the sights for an extended weekend of binge shopping that started at midnight yesterday.

For Kinsella and other Europeans, America is one big discount bin, thanks to a weak dollar that slid this week to another record low against the euro. As a result, tourists are spending thousands to travel to the United States to snag blockbuster bargains on everything from iPods to designer clothes and handbags.

By 4 a.m. yesterday, Kinsella had rung up nearly $2,000 in Christmas presents and winter clothes, including a $79 black leather jacket at Guess that she estimated would cost more than $250 in Ireland.

"The bargains for us are so great," said Kinsella, who paid $1,000 for a flight and hotel but expects to save even more on purchases here.

Posted by edelfenbein at November 24, 2007 3:53 PM

spacer
bottom of page image