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Brazil's new consumer class flocks to US to buy
Mello's girlfriend's freshly purchased Michael Kors handbag in gold lame sat atop four bulging suitcases like a shining crown - a testament to the newfound consumer power of Brazilian travelers, who now spend more per capita than any other visitors to the U.S.
In fact, Brazilians are spending so much that flights with Brazil's top airline TAM originating in the U.S. have had to carry more fuel to accommodate the dramatically overweight baggage.
"We left with nothing, just a piece of hand luggage," said the 30-year-old Mello. "We go to the U.S. once a year, stay in great hotels, have a fantastic holiday and shop till we drop and it's still cheaper than shopping in Brazil. It's a no-brainer."
According to the latest statistics, Brazilians spent $5.9 billion in the U.S. in 2010 in a tsunami of cash that's shifting American immigration practices and boosting economies in hard-hit parts of the U.S. that remain in the doldrums.
President Barack Obama recently ordered the State Department to speed up the visa application process for tourists coming from Brazil, China and other nations with newly flush consumers.
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These Shoes Have Moms On the Run It seems that trendy children's shoes at a deep discount – thousands of pairs for at least 50 percent off – as well as clothing from such companies as Kate Quinn Organics are too irresistible to pass up. “I think a lot of moms know about it and they |
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NewlyMaid: Trade in Bridesmaid Dresses for Little Black Dresses Being in all those weddings just paid off: Mail an old bridesmaid dress to NewslyMaid and get a discount on a little black dress of your choosing; three current styles above. Always the bridesmaid? |
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Why You Can't Get An iPad 2 For Less Than $499 Ultimately, though, the more you want a product, the less likely you'll get a discount. Hot products give tech companies the leverage they need to enforce pricing. And Apple's got all the leverage it could ever need right now. |
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Shoe retailer launches online discount store The business, which opened its first store in Bond street in 1963, has launched Shoeholics.com, which will sell discounted shoes from past seasons and stock that has been slow to leave the shelves. People looking for a bargain may be pleased to hear |
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Happy Harry's is another Delaware name ready to sail off into the sunset “We were a little known brand in the region with big shoes to fill,” spokesperson Robert Elfinger said about the need to keep the Happy Harry's name at the time. But Elfinger adds that the time for a change now seems right. “As Walgreens built on the |
