Published on : Friday, March 10, 2017
John Poulakis, Harrolds founder calculate approximately that his boutique department receives fifth of sales from tourists and the number is increasing continuously. He explains that fashion conscious visitors from Middle East are regular visitors to his store at the cities like Sydney, Gold Coast, and Melbourne. On the other hand, Asian vacationers are stocking up on the latest trends and looks from powerhouses of the fashion world like Givenchy, Kenzo and Valentino.
Mr. Poulakis says that in the previous five years, Harrolds’ loyal and local shoppers have grown at a “double-digit rate” speed. At the same time he also explains that the tourist market had grown significantly in recent times.
To quote Poulakis, ‘’ we have a wide array of international people who shop with us. We see a lot more Chinese than we used to five years ago but it doesn’t stop there, we see a lot of New Zealanders too, as well as people from the Arab states.’’
In Deloitte Access Economics recent forecast report ‘Year of the Tourist’s’, the rise of overseas shoppers in Australia’s important capital cities is boosting the retail sales which had been weighed down, which Deloitte Access Economics claims are weighed down by wages and high household debt.