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UK high street cashes in on tourist boom

Demand from tourists for luxury goods is trickling down to the premium end of the British high street, according to research from tax-free shopping operator Global Blue.

Hobbs, Ted Baker, Hackett and Dune are among the retailers that have benefited from a 38% month-on-month rise in international shoppers visiting the UK in June, according to analysis by Global Blue. 

It is thought many have been lured to the country by global interest in the royal wedding.

Tourists from China and the Middle East are the top spenders, but visitors from countries such as Thailand and Russia are increasingly tempted to the UK by its high street fashion offer.

Nigel Dasler, UK vice-president at Global Blue, said average monthly international spend had increased 60% since the royal wedding, but he also attributed it to increased interest in London ahead of the 2012 Olympics.

He added: “British high street brands now have an unprecedented opportunity to maximise their marketing to increase their international sales market share. There is an opportunity for retailers to capitalise on [international shoppers’] enthusiasm for British products.”

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