Global Luxury Retail 2024 Outlook
"Localisation and the Evolving Global Luxury Landscape"
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"Localisation and the Evolving Global Luxury Landscape"
"China still dominated new store openings in 2022, as it did the year before, but we saw renewed activity in Europe, with new openings in the Middle East also picking up pace"
"Smaller luxury groups and independents stepped up activity in 2022"
"Where are the opportunities in 2023 and beyond?"
"This, our fifth edition, explores global new store openings with a focus on identifying the most attractive opportunities for store expansion over the next 12–18 months. The resilience of the luxury market is evidenced in the relative health of luxury retail globally; emerging pitches and new markets may present some of the most interesting future opportunities"
"Compared to non-branded stock, branded residences can command a significant price premium, though it varies by location"
"This, our fourth edition, takes stock of the global luxury retail market after the impacts of the pandemic and what the physical luxury market could look like going forward. What has been reassuring is the resilience and adaptability of luxury"
"New store activity globally has tended to follow the Chinese luxury consumer, and the geography of new openings in 2021 was no different"
"Our retail experts from around the world provide their views on their local markets"
"There were no big surprises in the parts of the market that drove store expansion in 2021, with the big luxury houses stepping up their dominance. However, we did see jewellery & specialist watch brands become more acquisitive compared to pre-pandemic levels"