Dot Baires Shopping Center in Buenos Aires

Shopping centers like Dot Baires are packed with locals and tourists in a buying mood. (Photo: E. Gallelli)

When we look back on 2010 in Argentina from an economic standpoint, the year will be remembered for some key trends that helped lift the country out of the doldrums of 2008/09: consumer confidence, retail spending, housing demand and the record influx of tourists, both domestic (notably BA for the Bicentennial) and international.

And while we’re still months away from closing the books on 2010, Alfredo Sainz of La Nacion says all of these factors are peaking simultaneously to send winter out with a serious bang of discretionary spending.

“The combination of low temperatures,good macroeconomic signals, purchases delayed for two years, the lack of saving alternatives and a massive flood of Brazilian tourists all combined to make the perfect recipe for winter vacations and winter 2010 in general,” writes Sainz adding, “From the shopping centers, the multiplexes, the clothing stores, the tourism agencies and the airlines, this winter season has been the most successful of the last three years.”

Retail sales are up 20-50% at Dot Baires, Alto Avellaneda, Paseo Alcorta, Abasto and Unicenter; box office ticket sales are up 65%; and the 20% bump in tourists has pushed average hotel occupancy rates to 90%. On the transportation side, Aerolineas Argentinas just announced a 30% increase in July traffic and a whopping 240% increase in traffic from Brazil.

And in a clever case of making limonada out of limoes, the country’s early exodus from the World Cup prompted TAM to divert some originally-scheduled South Africa routes down to the ski slopes of Bariloche. (Full Story in Spanish)

For more information on Buenos Aires shopping and luxury living, download the new issue of InvestBA Privada.

Lucire article on shopping in Buenos Aires and Argentina

BA-based Cardon is one of Argentina's fashion retailers recommended by Lucire for their quality.

Buenos Aires has long been synonymous with fashion, so it seems only natural that Lucire, the global fashion magazine, would pay a visit to Argentina. With Town & Country, editor Elyse Glickman gives Lucire readers a sweeping travelogue of two of the country’s most fashionable destinations: Buenos Aires (Town) and Mendoza (Country).

From Recoleta’s boutiques to Palermo Soho to high-end malls like Patio Bullrich and Gallerias Pacifico, Glickman is impressed by the low cost/high quality of the clothes and shoes she encounters. She describes Cardon garments as possessing “workmanship that would make Ralph Lauren green with envy,” and declares the local shoe stores “particularly fabulous, not only for the quality-to-price ratio but also the shopping environments, which are part-tea salon, part-walk-in closet and part-couture boutique.”

When it comes to fashion, Mendoza doesn’t play second fiddle to Buenos Aires, although Glickman confesses to being taken by surprise. “What makes Mendoza, province and city, so memorable is that its charm and sophistication sneak up on you.” She comes away impressed with the “seemingly endless offering of (more) leather goods, sweet shops doling out divine ice cream and sorbet, unprepossessing clothing stores and craft boutiques that are refreshingly un-kitschy.”

Mendoza, she later discovers, also offers professional shoppers a picturesque place to unwind and raise a malbec toast after a stressful day of credit card swiping. In the post-shop analysis, she says, Argentina leaves you “with a sense of pride and the memory of sensory pleasure.” At least until the AMEX statement arrives. (Full Story)

For more information about unique shopping destinations in Argentina, download the new issue of InvestBA Privada.

Buenos Aires Fashion Week

Models wear designs by Martin Churba during BA Fashion Week 2010. (AP/ Natacha Pisarenko)

Buenos Aires is the city where “shopping” is much more than an action verb for describing the favorite indoor activity of many females“shopping” is a place. In fact, BA is home to some of the largest gallerias—or shoppings—in Latin America.

BA shoppings like Alto Palermo, Paseo Alcorta, Patio Bullrich, DOT Baires and Tortugas Open Mall all feature their share of international retail outlets, but those engaging in porteño retail therapy will also find a significant number of high-end stores and successful labels launched by Argentine designers.

The highly anticipated BA Fashion Week, an annual showcase for Fall/Winter collections, is the launching pad for many of these aspiring designers. As always, this week’s event features dozens of designers showing a wide variety of unique garments and accessories like Cubreme’s coats, S-Mode’s swimsuits, Cosecha’s vintage clothing, Bienamada’s handbags and Ana Livni’s Uruguayan merino wool designs.

Not to be outdone on the global catwalk, the 2010 edition of BAFWeek is competing with Fashion Weeks in two other major fashion capitals, London & Milan. Watch our BAFWeek video here and read about the new Tortugas Open Mall in the new issue of InvestBA Privada.

 

Bariloche

Mendoza

Uruguay

© 2011 InvestBA.com