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"Within its recently launched annual Global Luxury report, Savills identifies several cities in India, notably Mumbai and Delhi, as being relatively underserved by luxury brands, considering their future market size and economic status. "
"Long term structural change in retail has meant many retail brands are reconsidering what locations and store numbers will provide them with optimum access to their customers. "
"Q1 investment volumes increased 13% from Q4 2023. Private investors and syndicators pursue value-add and opportunistic retail assets, while institutional investors re-enter the market with notable deals. Retail development lags population growth, positioning retail centres for strong performance."
"Savills experts, joined by Samantha Conti from Women's Wear Daily, explore emerging markets and consumer trends for the global luxury retail market, particularly in China and the Middle East."
"In the face of subdued sales performance, vacancy continued to contract over Q1 2024, with the prime West End reporting double-digit year-on-year rental growth of 11.7%"
"The retail sector has continued improving, especially in areas popular with inbound tourists, and there have been more store openings catering to international visitors. Lukewarm domestic consumption should also improve due to noticeable wage growth. While prime areas are performing very well, some non-prime areas are still struggling, showing some bifurcation in the market. The optimistic market sentiment has led some landlords to eye rental increments, in contrast to tenants who already have had operating margins thinned from rising costs, and this gap in expectations is likely to persist."
"Despite easing inflationary pressure positively impacting the direction of consumer confidence, spend growth remains varied by sector whilst anticipation of a recovery is leading to a hiatus in investment activity"