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.
As of January 2021, the UK stopped operating tax-free shopping which has naturally impacted the appeal for Chinese tourists. Photo: Shutterstock
As of January 2021, the UK stopped operating tax-free shopping which has naturally impacted the appeal for Chinese tourists. Photo: Shutterstock