Richemont announces bumper profits
Richemont, the world’s second largest luxury goods group, has announced bumper profits
Boom in Chinese globe shoppers to continue
The unprecedented boom in outbound travel and shopping by Chinese globe shoppers is set to continue.
Number of upper middle income Brazilians growing fast
In the decade to 2014 the number of upper middle income Brazilians will more than double to 29m
Russians associate France, the USA, and the UK with a luxurious lifestyle
A survey of Russians throws up some interesting findings on what they believe constitutes “luxury”
Debate over luxury goods taxes raging in China
Two separate Chinese government departments are locked in a battle over whether to cut the country's luxury tax.
Global Blue issues first tax-free transaction in Japan
Global Blue has just announced that the first electronic tax-free form has been issued in Japan by department store Isetan Mitsukoshi (IM)
Global Blue launches shopping app
Global Blue has just launched a London shopping guide app, which is now available on iTunes in English, and soon in Chinese and Russian.
Italy’s policy on cash payments limits sales
The new Italian government’s attempts to limit tax avoidance by its citizens has inadvertently affected spending by globe shoppers
London Olympic Tourism Slump Fears Unfounded
Fears that London would experience lower than normal levels of tourism during the games are unfounded says survey.
Luxury tourists “The Major Story”
Ermenegildo Zegna chief executive says luxury goods tourists are “the major story of the moment”
Luxury Goods Giants Booming
LVMH, Richemont, and Burberry have all reported impressive sales rises for 2011
Tax-Free sales rise twice as fast as luxury goods in general
Luxury goods sales were up by 10% during 2011, but Tax-Free transactions rose by more than twice that rate Global Blue data shows.
Swatch Sales Up Despite Swiss Franc’s Strength
Swatch Group today reported an impressive sales increase of 22% for 2011
Chinese Get Independent
Chinese tourists will increasingly travel to Europe not on group tours, but independently, providing a massive opportunity for merchants to cash in.
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