Tuesday, 20 July 2010

UK Holds Up Its End Of The Bargain With Luxury Sales -20/07/10

Luxury sales for 2009 in the UK have been much better than expected. The weaker pound has finally found its fans, with 90% of research participants expecting strong sales increases for this year. For tourists, the UK is now a less expensive destination with results showing that “more than a quarter of the British luxury industry is generating more than 25 per cent of its sales from visitors to the UK.”

Whilst Americans hold the majority of visitors shopping for luxury in the UK, Middle Eastern visitors have also been vital as they tend to buy in bulk- a quick pre-Ramadan stopover perhaps!

Image credit: inetours.com

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1 comment:

UK Retail Shopping said...

That is good for the economic growth of our country.Wish That we will continue this consistency for the wealth and prosperity of our country.

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Melinda O’Rourke is the founder and Director of MO Luxury, a dynamic, Sydney-based management firm specialising in luxury brands and services. Melinda and her associates at MO work with local and international brands across prestige retail, fashion, fine jewellery, timepieces and specialised services. Melinda is well-connected, well-read, and well-versed in the demands of the luxury market and its client base. Her advice is firmly based in objectivity and ultimately, accountability. Melinda offers constructive counsel and both strategic and creative thinking and is able to draw upon a strong network of specialised talent to compliment the MO Luxury team as needed. Melinda enjoys excellent industry relationships and is regularly quoted in the business and fashion media. Read more about MO Luxury, www.moluxury.com.au