CHRISTMAS in New York is a time when, in the words of Meyer Berger, the city tries “to match the gems from her endless treasure chest against the winking and sparking brilliants in Heaven’s vault”. Only grinches fail to succumb to the seasonal spirit when the snow is falling in Manhattan, the steam is rising from the pavements and the lights twinkle. For many, though, Christmas means one thing: the chance to shop. New York may be magical, but is it the best place to stock up on gifts? Gulliver decided to compare the Big Apple with other shopping draws around the world.
To be a good place to shop, a city first needs a wide selection of things to buy. We used a ranking by CB Richard Ellis, a real-estate firm, to assess the penetration of global retailers in cities around the world. Second, it must not break the bank. So we applied cost-of-living data from The Economist Intelligence Unit, our sister company, both on the average cost of a night’s stay and the price of the sort of items Christmas…Continue reading
from Business and finance http://www.economist.com/blogs/gulliver/2016/12/stocking-up?fsrc=rss