Global Luxury Retail 2024 Outlook
"Global luxury brands double down on strong domestic fundamentals"
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"Global luxury brands double down on strong domestic fundamentals"
"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%"
"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"
"Improving consumer fortunes suggests a turning point in occupational performance, so will 2024 be the last chance for a prime bargain in the investment market?"
"As we head into 2024, Savills retail and leisure team ponder the key growth sectors to watch out for in the year ahead"
"Positive momentum in the occupier market continues with prime West End vacancy compressing by 282 bps to 6.5% in Q3"
"West End occupational markets remain buoyant in the face of economic headwinds, although outlook for early 2023 remains cautious"
"UK retail yields start to rise in the face of economic concerns"
"Ongoing headwinds dampen consumer confidence"
"Ongoing demand for secure income on long-leased assets has supported supermarket investment through 2021"