According to WWD, barclays quoted overseas shopping drawback mechanism "Global Blue union" (Global Blue) consumption patterns to the travelers and spending the latest statistical data, pointed out that overseas travelers enthusiasm for European luxury Louis Vuitton UK tide. In July this year the European luxury goods to overseas tourists sales fell 5.7% year-on-year, including:
Worst watches and jewelry, Louis Vuitton Outlet UK year-on-year decline of 9.3%;
Fashion fell 6.3%;
Leather smallest decline over the previous year, to 2.5%, mainly due to Chinese tourists spending grew 6.7% year-on-year in leather.
But tourists in Europe in July, China's luxury spending generally flat, year-on-year growth of 4.1% - and only in the first half of this year rose as high as 17.7%.
Although Chinese tourists in Hong Kong luxury Louis Vuitton UK shopping to reduce, but didn't seem to make Europe's luxury sales corresponding ascension, potential beneficiary is mainly countries in the asia-pacific region, Japan and the United States.
Influenced by regional tensions and the rouble devaluation, Russian tourists buy the cost of luxury Louis Vuitton Handbags UK goods in Europe fell 5.9% year-on-year, do better than the 13% decline in June.
Barclays bank, estimates that may be because of the islamic holy month of Ramadan in advance, other countries (mainly the Middle East large) in the European luxury consumption fell 11%, while the June Louis Vuitton UK Sale data flat year-on-year.
The major luxury goods companies recently released quarterly report also confirms the European gloom:
French Kering group (Gucci, Louis Vuitton UK, Saint Laurent, Bottega Veneta, etc), in the second quarter of this year, the luxury sector sales rose 5.7%, slightly less than + 6.3% growth in the first quarter);
French LVMH, Louis Vuitton, Givenchy, Tag Heuer, Bulgari brand etc.) for the quarter sales increased by only 1.3% over the previous year, excluding organic growth after the exchange rate is less than 5% (less than 6% in the first quarter of + growth)