Friday, November 15, 2013 8:15 AM
Rob Kinnon
Nov. 15-18, 2013 - What Is “Buen Fin”?
This new Mexican holiday is a weekend where retailers across the
country offer great deals and discounts on a variety of items. Buen Fin
(meaning "Good Weekend" in Spanish) takes place on the third Friday in November
and lasts until the following Monday. Although the Buen Fin tradition began in
2011, it has already reached popular status throughout Mexico.
The dates for Buen Fin 2013 run from Friday, November 15 - Monday,
November 18.
Stores and businesses participating in Buen Fin deals in 2013 include:
- Walmart
- Suburbia
- +kota
- 100% Natural
- Sam's Club
And thousands more.
A large number of Playa
del Carmen businesses are offering Buen Fin deals as well, including
hotels, resorts and restaurants.
Buen Fin marks the beginning of the Christmas shopping season in
Mexico, similar to the famous Black Friday in the United States. The event
began as an initiative by the Consejo Coordinador Empresarial (Council of
Business Coordination), together with the federal government, large business
organizations and a variety of national bank organizations. Their goal was to
reactivate the economy as well as improve the quality of life for Mexican
families by offering them good deals on a variety of products.
By law, Mexican employers are required to pay their employees at least
15 days of salary in December as a sort of Christmas bonus, known as an aguinaldo. Starting with the 2012
edition of Buen Fin, many government employees were given part or all of their aguinaldo a month early in an attempt to
increase Buen Fin sales.
Image: http://www.jornada.unam.mx/
While many look forward to Buen Fin every year, the holiday has many
critics. Some claim that the larger chain stores inflate their prices a few
weeks in advance in order to appear that they are offering discounts on the
weekend of Buen Fin, especially when it comes to more expensive items like
electronics. For shoppers planning a large purchase, it's recommended that they
keep an eye on the prices for a few weeks before Buen Fin to ensure they're
getting a good deal.
Overall, Buen Fin has been a popular and successful endeavor where
thousands of Mexican stores of all sizes offer their customers the best deals
of the year. So far, the holiday hasn't reached the dangerous level of Black Friday
mobs in the United States (although you might find some crowds!), so don't be
afraid to head out to your favorite Mexican restaurants, shops and stores to
check out their Buen Fin deals.