It's impressive to see that for some International retailers, Melbourne (if not Australia) provides some of their strongest turnover figures. It's clear that the lower AUD is boosting tourist spending power for luxury goods. And I suspect International brands have more control over their inventory costs around the world, unlike our local brands that may have to pass through the impact of a lower AUD on their inventory purchasing to consumers more quickly (not that pricing of luxury goods is as price sensitive). Overall a strong luxury retail sector in Melbourne hopefully filters down to all retailers, at least in Collins Street!