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The rise of ‘revenge buying’ and what it means for UK luxury retailers
queued outside Primark in the early hours of Monday morning, eager to stock up on underwear and fresh summer t-shirts, another cohort was preparing for a more significant post-lockdown splurge. Harrods reopened its Knightsbridge store with a one-way system in place and a limit of 4,500 customers at a time - compared to the usual 80,000.Videos of long queues snaking around the building quickly surfaced on YouTube, with Twitter users reporting that the longest queues inside were at the Dior and Louis Vuitton concessions.“People are bored of lockdown and want to get back to leisurely pursuits,” says McKinsey partner Anita Balchandani.
