Mexico’s Black Friday-like discount program will return in 2023 to celebrate its thirteenth edition the biggest promotions and discounts at the end of the year in the country, with the expectation of the public and private sectors to increase 5% of sales.
In past cases, Good Ending reported sales of 134,400 million pesos. ($7,896 million) in 2022, so they could top 141,000 million pesos ($8,284 million) this year, predicts Luis Abel Romero, Deputy Minister of Industry and Trade at the Ministry of Economy, at a press conference.
“The goal is always to gain one more weight than last year. We believe that 5% is a reasonable targetWe know there are inflationary issues and prices are market-adjusted,” agreed Vicente Yáñez, president of the National Association of Self Service and Department Stores (Antad).
Photo: Photolaboratory
Edition 2023 will be held from 17 to 20 November, with favorable prospects for inflation, which had been declining for six months, for this reason they believed that competition determined prices, which also improved given the appreciation of the peso against the dollar in imported goods.
In the economic environment, Francisco Lelo de Larrea, deputy director of economic research at the Center for Private Sector Economic Research (Ceesp), noted that the country performs “relatively better”.
“Inflation is a concern, but fortunately the latest data confirms that the tipping point has already arrived,” he added.
Introducing the date of this edition of The Good End, the Ministry of Economy and representatives of the private sector They opened the registry for companies that want to participate in this campaign.
Representative of the Confederation of National Chambers of Commerce, Services and Tourism (Concanaco-Servytur) Omar Kouri recalled that last year the record 1700 Mexican companies.
Similarly, René Guzman of the Tax Administration Service (SAT) confirmed that will repeat a bag of 500 million pesos ($29 million) for pranks between business and people who buy products this season with bank cards, with a minimum purchase of 250 pesos (about $15).
For his part, Jorge Alberto Gaitán of the Federal Attorney’s Office for Consumer Protection (Profeco) expected the agency to be involved annually in monitoring compliance with promotions and discounts, as well as in help Mexican consumers find the best prices.
In 2022, he recalled, 160 modules were installed and deployed. 1100 Profeco members across the country.
EFE
Source: Aristegui Noticias
Roy Brown is a renowned economist and author at The Nation View. He has a deep understanding of the global economy and its intricacies. He writes about a wide range of economic topics, including monetary policy, fiscal policy, international trade, and labor markets.
