Luxury retail

"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"

"Drawing on recent trends we provide our outlook for luxury demand and what this could mean for rents going forward across key regional markets"

"Funding and M&A activity increased significantly in 2021, will this translate into store expansion?"

"The focus on major domestic markets will be the key trend shaping physical luxury retailing in 2022. However, there are several other trends shaping the wider luxury space that will also have a bearing on physical retailing"

"Luxury spending globally increased 6% in 2018 according to Bain & Company, with Europe accounting for a third of sales, with forecasts pointing to further growth of between 3–5% per annum to 2025"

"The retrenchment to core destination cities seen last year will continue in 2019. Smaller, emerging and underserved destination cities will prove attractive as and when specific opportunities arise"