10 Jun 2019 - Tax Free Shopping performance unveiled at the World Department Store Forum

During the 6th annual World Department Store Forum organised by the Intercontinental Group of Department Stores in Tokyo on the 6th and 7th of June, Greg Galhaus, Head of Asia Pacific revealed that the APAC region is driving Department Store’s Tax Free Shopping growth.

Department stores record +21% CAGR growth of Tax Free Shopping over the past five years

  • Department store growth is led by the performance of the APAC region, with 47% CAGR growth of tax free spend over the last 5 years, and 22% in 2018
  • Elite shoppers are the strongest contributors to Department store growth, with +27.7% of Elite shopper spend in 2018 in the APAC region

This presentation also highlighted noteworthy contributions from Chinese shoppers (31% of International shoppers in European Department stores) and Millennials (50% of International shoppers in APAC’s Department stores) in Department Store Tax Free Shopping progression.

Click here to read the press release.