London’s retail scene looks to China’s Gen Z ...Middle East

The bounce-back of Chinese tourists to London post-Covid-19 is happening slowly, with bricks-and-mortar remaining the most popular shopping destination for mainland luxury consumers. In the UK, where the high-end tourist market is currently valued at £35 billion (323 billion RMB), brands are zeroing in on their relations with China. According to a new report by The Business of Fashion Insights, mainland consumers are on track to spend $131 billion on luxury per year by 2027. Covid-19 altered consumer behaviors, thus businesses are being forced to evolve in response. The Walpole State of London Luxury report 2023, for example, found that the biggest change for high-end shoppers was how they

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