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Mexican shoppers account for a fifth of El Paso's retail business.
Chinese shoppers account for roughly 40% of Burberry's sales, through spending in China and abroad.
Its shoppers account for only 6% of the world's consumer spending, but, according to figures released by Bain Consulting last month, they now account for 20% of global sales of luxury goods.Sympathy for the devilThese wasteful status games are not confined to China's finely dressed elites.
The role of cross-border shopping can be crucial in frontier cities, and while we have not come across quantitative measures of their significance on the Mexican side of the border, studies on the US side estimate that Mexican shoppers account for 40 45 % of retail purchases in Laredo, 35 40 % in McAllen, 30 35 % in Brownsville, and 10 15 % in El Paso (Coronado and Phillips 2012).
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This is not a small concern: close to a fourth of American shoppers, accounting for $380 billion spent annually, could be classified as functionally illiterate.
Instead of the standard cashier model, the store relies on camera tracking and charges shoppers' accounts as they walk out the door, product in tow.
However, the big number Wantworthy has on hand to demonstrate traction, or, in e-commerce speak, its ability to capture "real purchase intent," is that it has reached half a billion dollars worth of products saved in shoppers' accounts.
If projections hold, Chinese shoppers will account for more than half of all luxury sales by 2025.
While they make up just 21percentt of Home Depot shoppers, they account for 46percentt of the spending, especially for projects like outdoor kitchens and home theaters.
The company, famed for its £1,400 trench coats, has been affected by belt-tightening among the Chinese shoppers who account for about 40% of its sales.
But the executive also says that visitors from Hong Kong, Macao, South Korea and Taiwan, as well as from China, already make up 4 to 5 percent of Paris shoppers — and account for 17 percent of the company's fast-growing sales figures.
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