The good end, held in November, marks the beginning of a period in which consumers throughout Mexico look for irresistible offers both in physical stores and online. This event is not only a major driver for the economy, but also adds excitement to the festive shopping season in the country, as merchants offer special promotions on a wide range of products, from electronics to clothing.
In Mexico’s shopping calendar, Buen Fin has become a crucial moment that excites consumers in search of exclusive offers and special advantages provided by banks. These dates are an exciting opportunity for those looking to make discounted purchases, thus consolidating the relevance of Buen Fin as a significant annual event in the country.
What is the purpose of Buen Fin and what is its reason for celebration in Mexico?
Rooted in the annual customs of Mexico, Buen Fin spans across multiple dates, offering consumers a unique opportunity. During this period, discounts are presented on a wide range of products and services throughout the country. It is crucial to highlight that this initiative was born from the need to promote Mexico’s economic recovery, turning it into a strategic opportunity for both merchants and consumers.
The event not only seeks to promote local commerce, but also aims to stimulate the national economy as a whole, encouraging responsible spending and providing Mexicans with a window of opportunity to purchase products at more affordable prices.
When will Buen Fin take place in 2023?
The long-awaited Buen Fin 2023 is scheduled from November 17 to 20 in Mexico. At this event, consumers can expect discounts of up to 70% on various products and services. However, this year the Tax Administration Service (SAT) adds excitement to the event by raffling off an astonishing sum of up to 500 million pesos between participating businesses and buyers during this period.
In which establishments are there discounts during El Buen Fin?
El Buen Fin 2023 will feature the participation of several well-known stores, offering buyers a wide variety of options to take advantage of the sales. Among the participating establishments are prominent brands such as Liverpool, Coppel, El Palacio de Hierro, Sanborns, Sears, Suburbia, El Nuevo Mundo and Hemsa. In addition, several department stores will also be part of the event, such as Chedraui, La Comer, Soriana, HEB, Super del Norte, Super Compras, Waldo’s and other stores.
The variety of options offered by these stores during El Buen Fin 2023 ensures that consumers have access to discounts and promotions on a wide range of products and services, from electronics and fashion items to food products and household items. The participation of these well-known stores is expected to contribute significantly to boosting the economy and providing satisfactory shopping experiences for customers throughout Mexico.
Would you like to participate in the SAT draw during El Buen Fin 2023?
In order for consumers to participate in this exciting drawing, they will need to make a purchase of at least 250 pesos or more using credit or debit cards at stores registered on the elbuenfin.org website.
As for businesses, those who have declared cumulative income of up to 5 million pesos in 2022 and have registered in the Buen Fin portal before November 16 of this year may be part of the draw. They must also ensure that they have at least one transaction of at least 250 pesos made with an electronic payment method during the period from November 17 to 20.
What numbers were achieved during El Buen Fin 2022?
Sales that year failed to reach expectations, totaling 134,000 million pesos, a figure below the 195,000 million estimated by the Ministry of Economy and the business chambers. For El Buen Fin 2023, a goal of 141.12 billion pesos has been set, representing a projected 5% increase in total sales during the four days of the event compared to the previous year, as reported by the National Store Association of Self-Service and Departmental Services (ANTAD).
This announcement comes against a backdrop of solid economic recovery after the pandemic, with private consumption remaining above 4% for a quarter and inflation controlled at 4.79%, its lowest level since March 2021. The organization aims to increase the number of companies participating in El Buen Fin 2022 by 25%, thus surpassing the businesses registered in 2021, marking a milestone in business participation in the event.