Mind Retail wrote an article based on Selvane Mohandas du Ménil's findings on how London will be affected by the cancellation of the VAT-free shopping scheme in the UK. Mulberry shared that international customers, who used to represent 45 to 50% of sales in Bond Street, now account for 5%. The brand's sales in the UK fell -10% for the past 6 months, while in locked-down China they are up +6%. At Selfridges, the scene was filled with shopping bags, suggesting tat for department stores, local customers are definitively a must-have.

Read the article in French below:

Mind Retail covers IADS member's findings on the cancellation of VAT free shopping in the UK