6.26.2019

Weak crown gives empty shelves

Sweden, which is one of the countries in Scandinavia, has chosen to stand outside the European currency cooperation Euro.

Today, Sweden is a "low-price country" when it comes to luxury goods because of mainly 2 factors. One factor is Sweden's weak crown. Another thing that affects is that Sweden has no "luxury tax" on imported top notch products.

During my visits to these stores like this I have seen Chinese, Russians and Americans tourists completely emptied for example the Louis Vuitton store.

After these tourists have visited the store, it looked like a bread shop in the former DDR.

No comments:

Post a Comment

Why can't it just work?

We are still missing the dividends as of December 31, 2024 regarding BlackRock TCP Capital Corp. Common Shares (TCPC) in our endowment insur...