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Challenges mount for UK luxury retail: Chinese student drop and ‘Tourist Tax’ dent confidence

Luxury retailers in the UK face a tough challenge: how to generate growth as competitiveness declines.

Challenges mount for UK luxury retail: Chinese student drop and ‘Tourist Tax’ dent confidence
As of January 2021, the UK stopped operating tax-free shopping which has naturally impacted the appeal for Chinese tourists. Photo: Shutterstock

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