London lost its top spot on a list of key cities for luxury store openings this year. The new review by Savills saw Paris back in the lead this time, but London, New York and Tokyo are top of many brand wishlists.
Lush is reported to be opening one of its biggest UK stores in Liverpool and will also solve the problem of a major site that has been empty since Arcadia-owned chains Dorthy Perkins and Burton moved out.
London’s Bond Street is becoming a home for ultra-luxury brands with fewer affordable luxury/premium labels having stores there, a new report shows. And stores due this year will push the ultra-luxe edge even higher.
London's luxury shopping appeal was underlined Monday on news that a private jet firm has seen surging demand for London flights as even wealthy shoppers take advantage of post-Brexit vote luxury bargains.
The news may be dominated by store closures, but with omnichannel growing, store openings are also important. And fashion e-tail brands are leading the move from pureplay to omnichannel retail, a new report says.
The extent of Primark’s appeal as a fashion destination can be seen from some news Monday with CBRE Global Investors reporting a 30% rise in average daily footfall at Lion Walk in Colchester due to the chain’s arrival.
London was the top city for luxury store openings last year due to its gateway status and appeal to Chinese shoppers, a new report shows. But Paris came in second place, ahead of New York, Dubai, Hong Kong and Milan.