UK braced for Chinese spree

Kasmira Jefford
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UK RETAILERS are braced for an increase in Chinese shoppers next week as New Year celebrations coincide with Golden Week, one of the country’s biggest holiday periods for Chinese tourists.

Global Blue, the tax-free shopping services company, said its expects to see a repeat of the 30 per cent year-on-year growth in tax free sales from Chinese shoppers fuelled by Golden Week in October 2012.

Luxury brands are set to benefit the most, with tourists spending around £712 per transaction.