The tourism boost UK fashion and luxury retailers have seen since the pound’s plunge year ago could be at risk with recent terrorist attacks having dented tourist visits to Britain, especially from long-haul countries.
A major retail and leisure destination has launched in Northamptonshire combining big name fashion and premium brands with lakeside dining and a range of outdoor leisure activities such as canoeing and bird watching.
London's luxury shopping appeal was underlined Monday on news that a private jet firm has seen surging demand for London flights as even wealthy shoppers take advantage of post-Brexit vote luxury bargains.
Tourist spending in the UK reached £643m last month with a £2.4bn bonanza expected for the summer overall as tourists flock to fashion and luxury stores across the country, according to payments firm Worldpay.
The owners of shopping tax-refund firm Global Blue have held talks with investment banks over the past two days to choose advisers for a possible share sale next year, sources familiar with the matter told Reuters.
High-end handbag brand Kate Spade New York has taken a deep dive into UK travel retail with an opening at Britain’s (and one of the world’s) largest airports, Heathrow. The brand has opened a Terminal 5 pop-up.
As tourist numbers to France dropped across major markets -- Europe (-3.8%), China (-8.7%), Japan (39.7%) and the Middle East (-7.4%) in 2016 -- the European nation saw an overall visitor decline of 2.2%.
London Gatwick Airport’s annual results on Friday underlined just how important retail is to the travel industry and how important travelling shoppers are to retail as revenue from multi and monobrand stores rose.
Global Blue has inked a deal to help Chinese tourists claim tax refunds on goods they buy in UK and European stores by linking up with mobile payments firm EuroPass. And the deal has a major WeChat social media angle.