El Buen Fin, which began ten years ago as Mexico’s equivalent to Black Friday, has morphed into a week-long shopping fest, mainly due to the need to keep a check on crowds and reactivate the domestic economy.
Thousands of businesses across the nation will be offering discounts of between 10 to 40 percent in this year’s edition, which takes place from Wednesday, November 10 to Tuesday, November 16.
Discounts can be found both in-person at retail outlets, or on websites. Service providers such as airlines, gyms, funeral homes and many others will also offer enticing discounts.
The Ministry of the Economy and Mexico’s Confederation of the National Chambers of Commerce expect sales this to easily surpass the Buen Fin 2020 spend of $US11 billion.
Many government and private sector employees, and most pensioners, receive their annual Christmas bonuses at the start of November so they can take advantage of Buen Fin offers.
According to the Mexican Banking Association, banks will be offering clients triple points for card transactions during El Buen Fin, as well as interest free credit up to 40 months.