US Retail Faces Hit As Tourists Spend Abroad
Bloomberg Televisionยท2025-07-24 16:34
International tourists who travel to the US love Disney parks and Times Square, but there is nothing they love more than shopping. For years, tourists have included luxury stores, outlet malls, and mom and pop shops on their list of todos when coming to the US. They find that things like iPhones, Nike sneakers, and Levis's are often cheaper than in their home countries.But the billions of dollars that foreigners spend in US stores every year are now under threat. Some travelers are avoiding the US this year ...