Newspaper article The Evening Standard (London, England)

Shop and Save in NY, without Leaving Home

Newspaper article The Evening Standard (London, England)

Shop and Save in NY, without Leaving Home

Article excerpt

Byline: ELLEN WIDDUP

LONDON'S Christmas bargain hunters could save hundreds of pounds by buying from American websites.

A plunge in the dollar has left the pound stronger than at any time in the past 18 months and financial experts say there has never been a better time to shop on the internet.

A survey carried out by the Evening Standard reveals that shoppers can save almost [pounds sterling]1,000 by buying a list of 10 "most wanted" items online.

For example, a men's Seiko watch costing [pounds sterling]250 in H Samuel in Britain can be bought for $199 ([pounds sterling]104) from nextag.com.

Fashionable Ugg boots costing [pounds sterling]130 on the high street are available for less than half that price from shoes.com.

Even bigger savings can be made if shoppers are prepared to hop on a plane and spend a couple of days in New York.

However, the cost of the flight and accommodation would probably wipe out most of the gains.

In total, a saving of [pounds sterling]1,433 could be made on the whole shopping list if items were bought in America. Even when you factor in a [pounds sterling]200 airfare, a [pounds sterling]200 night hotel and other costs, a shopper could still save [pounds sterling]800.

Richard Dodd, spokesman for the British Retail Consortium, said: "You probably make more of a saving buying online than you would by travelling abroad.

"I am not sure if people should travel to New York solely to go shopping, but if it is combined with a leisure trip then of course it is a good opportunity."

Daragh Maher, senior currency strategist at Calyon, said: "Goods have been a lot cheaper in the US than in the UK for many years but with Sterling looking so good at the moment, a trip to New York would be a wonderful opportunity to save while you spend."

The savings would be eroded somewhat as import tax is payable on certain items - something which slipped Coleen McLoughlin's mind in 2004. …

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