Is Harrods’ Expansion into China a Game-Changer for the Luxury Industry? As mainland China is becoming a more important market for luxury shopping, Harrods, London’s most iconic department store, will open a new private member’s club in Shanghai at the end of 2023 in a bid to appeal to the country’s ultra-rich consumers. Harrods, the … Read more
Saks Luxury Pulse Finds Consumers Have Appetite to Spend on Luxury. Saks, the premier digital platform for luxury fashion, has unveiled its latest Saks Luxury Pulse survey of luxury shoppers with key insights on brand’s luxury consumers. The luxury ecommerce platform offers the best of luxury, and leverages the Saks Luxury Pulse to better serve … Read more
Luxury Promise opens Europe’s largest pre-owned department store in London. Officially opened by the Mayor of London, Sadiq Khan, Luxury Promise is celebrating its graduation from the Walpole Brands of Tomorrow 2022 programme by launching Europe’s largest pre-owned department store in the heart of London’s Mayfair. As the company prepares to graduate from the Walpole … Read more
The UK Government announced the return of tax-free shopping for visitors to the UK. British politician Kwasi Kwarteng, serving as Chancellor of the Exchequer since 2022, told the House of Commons that the UK Government will put in place a “modern, digital, VAT-free shopping scheme”. This will include modernisation of the scheme in Northern Ireland … Read more
How can we enable the return of the luxury tourism sector? Walpole’s 2022 insight report outlines the economic impact of luxury tourism on Britain’s economy and government action needed to ensure UK recovery matches European counterparts. Walpole, which includes Burberry, Harrods, Claridge’s and V&A amongst its members, is calling for reintroduction of the VAT RES … Read more
Online shopping was booming in popularity even before the pandemic. With companies like Amazon offering a huge range of products and a growing number of shipping options, it had become easy to get anything you needed in no time. When COVID regulations made shopping in person impossible, online shopping became the primary approach for millions … Read more