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Chinese constitute the majority among the different nationalities who are flocking to the UK stores

March 2014, 03
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Tax Free Shopping in UK Stores
Last year, Chinese visitors have spent an average of £ 737 per trip showing a year-on-year increase of 50% as per WorldPay (a global payments service).The Chinese took advantage of the prices of UK’s luxury goods that are 30% cheaper when compared to that in China. Due to this reason, UK has become one of their favorite shopping destinations. 

According to WorldPay, London holds the second position for being among the most worthy tax-free destinations across the globe for overseas shoppers. 

The high prices in China have been driving the people of the nation to demand the luxury goods of UK as per the WorldPay’s ‘Rules of Attraction’ report.  As a matter of fact, the cost of the Chinese goods is 30% more when compared to that of Britain. 

British brands are inclined to have more demand for a premium price abroad. Hence, they are also in great demand for the Chinese visitors during their visit to UK. Burberry (a luxurious fashion store) has revealed that international visitors contribute to 30% of their sales at the London stores.

The amount spent by Chinese shoppers in UK far exceeds the amount spent by the tourists from Thailand, Russia, Japan and the United states, a rise of 50% in 2012 when compared to a 20%-30% rise for the other countries.

In UK, the card transactions from the Chinese shoppers rose by 13% over last year.

The Chinese tourists spend mainly on three different categories. 31% purchase of them buy jewellery and watches, 29% purchase clothes and fashion and 23% buy goods from the department stores. 

It is not only the Chinese who spend huge money in UK, but also Russians. 60% of the Russians shop during their visit to UK. Their card transactions have risen by 140% over the previous year.

Global Blue (A shopping tourism company) has stated that the foreign shoppers spend around 4 times more than locals.

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