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Europeans invade New York for holiday shopping
It's been a while since anyone has called New York the "bargain place". This year, New York might as well use it as a city motto. With strong currency working to their advantage, Europeans have been coming to New York in droves to do all their holidays shopping.
Today's NY Times had an comparison table of London and New York prices. Here is an example:
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New York prices - 8 Gigabytes iPod Touch: $299, Levis 501 jeans: $58, Starbucks Grande Latte: $3.75
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London prices - 8 Gigabytes iPod Touch: $398, Levis 501 jeans: $120, Starbucks Grande Latte: $4.80
How many iPods do you have to buy to make the trip worth it though? Air tickets are really expensive before the holidays and New York hotels--trying to capitalize on the strong Euro/Pound are charging more than $400/night for a hotel that used to cost about $100 just a few years ago...
I have heard from Londoners that having a fun weekend in London will cost you more than flying someplace for the weekend. London is so expensive now that the only way to save money is to leave it. Quite a concept!
Filed under: Europe, North America, United Kingdom, United States
Reader Comments (Page 1 of 1)
Didier Dec 16th 2007 3:47AM
The price of the iPod in Europe isn't related to the value of the $, Apple decides on iPods high price tag. Right now the iPod 8 Go is sold 309 euros, which is about $445.
It's the same thing with Levis jeans. They were always more expensive in Europe. Even when the $ was high :-)
As for Starbucks, if you really like cofee you don't go there. If you are into banana flavoured black liquid, then...