×
3 586
Fashion Jobs
FRASERS GROUP
Delivery Manager
Permanent · BASINGSTOKE
CROCS
Key Account Manager - Mainstream, Departmental & Value Channel UK
Permanent · LONDON
FRASERS GROUP
Information Security Governance Analyst
Permanent · SHIREBROOK
L'OREAL GROUP
l'Oreal Luxe Multibrand Retail Account Manager
Permanent · London
COTY
National Account Manager
Permanent · London
TK MAXX
Loss Prevention Officer-tk Maxx High Street Kensington-Full Time
Permanent · London
HARRODS
Uniformed Security Officer - Thatcham Distribution Centre
Permanent · THATCHAM
HARRODS
Senior CRM Retention Executive
Permanent · LONDON
JOHN LEWIS
Section Manager Stock And Inventory – Nights
Permanent · BLETCHLEY
SELFRIDGES
HR Administrator (Part-Time)
Permanent · ENDERBY
SELFRIDGES
Digital Personal Shopping Content Manager
Permanent · LONDON
EVERLAST GYMS
General Assistant - Everlast Fitness
Permanent · POOLE
EVERLAST GYMS
General Assistant - Everlast Gyms
Permanent ·
ZARA
Zara High Wycombe - General Manager
Permanent · HIGH WYCOMBE
HEAD OFFICE
Senior Finance Analyst, Commercial Finance
Permanent · BRACKNELL
JOHN LEWIS
Section Manager Stock And Inventory – Nights
Permanent · BLETCHLEY
HOUSE OF FRASER
Loss Prevention Supervisor - House of Fraser
Permanent · READING
EVERLAST GYMS
General Assistant - Everlast Fitness
Permanent · CAMBRIDGE
BERSHKA
New Position - Bershka Operations Manager - Stratford
Permanent · LONDON
AVON
Internal Audit Manager Natura &CO
Permanent · LONDON
COTY
Trade Marketing Manager
Permanent · London
JOHN LEWIS
Section Manager Customer Delivery Hub
Permanent · LONDON
Published
Feb 4, 2020
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

'Elite' global shoppers spend €35k in UK stores annually says Global Blue

Published
Feb 4, 2020

France is the most popular country for ‘elite shoppers’ to visit with the UK in second place, but these ultra-high-spending consumers are spending more on average in Britain than in its top-ranked neighbour, a new study released on Tuesday has shown.


Selfridges



The world’s wealthiest shoppers are spending an average of €35,000 in UK stores according to tax-free payments facilitator Global Blue, which launched its International Elite Shopper study at the Walpole Luxury Summit in London. 

These shoppers spend an average total of €55,000 during their three international trips a year, said Global Blue, adding that this amount is spent across 12 different transactions. 

Last year, France took a 36% share of elite shopper traffic with the UK on 31% and the study also showed that these wealthy consumers accounted for 24% of all tax-free shopping spend in the UK, versus a global average of 17%.

Despite the current disruption to Chinese shopper activity caused by the coronavirus, overall, Chinese shoppers account for the largest number of elite shoppers globally, at nearly 40%. This is followed by South East Asia on 15% and the Gulf countries close behind on 14%, The US and Russia are next on 6% each.

But those figures aren’t reflected in UK activity where visitors from the Gulf countries make up 30% of the number of elite shoppers, ahead of Greater China, which is in second place on 27%.

In fact, Gulf visitors prefer the UK over all other destinations with 75% planning to visit Britain and to spend two weeks there, compared to an average duration of just three days in France or Italy.

And while they’re heavily focused on buying luxury goods, they prefer to purchase them from department stores above all other locations. Global Blue said 85% of their purchases are made in such stores (good news for Selfridges, Harrods, Harvey Nichols and Liberty). The company described these consumers as ‘Department Store Advocates’ and said that 46% of DSA spend is made on watches and jewellery and 25% on fashion items.

Global Blue’s UK MD Derrick Hardman said that elite shoppers are “an important opportunity for UK stores, especially in the context of today’s retail challenges. Understanding how this audience behaves and what they value in the British shopping experience is key”.

Copyright © 2023 FashionNetwork.com All rights reserved.