Your browser is no longer supported. For the best experience of this website, please upgrade to a newer version or another browser.

Your browser appears to have cookies disabled. For the best experience of this website, please enable cookies in your browser

We use cookies to personalise your experience; learn more in our Privacy and Cookie Policy. You can opt out of some cookies by adjusting your browser settings; see the cookie policy for details. By using this site, you agree to our use of cookies.

Weak pound draws Chinese shoppers to Westfield

Westfield’s shopping centres have enjoyed a surge in the number of Chinese consumers buying luxury goods following Britain’s decision to leave the European Union, City Am has reported.

A weak pound caused Chinese spend at Westfield Stratford to increase by 116% year-on-year and was also up by 16% at Westfield White City. Luxury handbags and accessories by Louis Vuitton, Gucci and Burberry proved the most popular items.

Tax free tourist spend has also soared in London’s West End, jumping by 44% year on year as visitors took advantage of the favourable exchange rates. Chinese visitor spend in the shopping district was up 65% on August last year to an average of £1,453 per shopper. 

Have your say

You must sign in to make a comment

Please remember that the submission of any material is governed by our Terms and Conditions and by submitting material you confirm your agreement to these Terms and Conditions. Links may be included in your comments but HTML is not permitted.