
Global Luxury Retail 2024 Outlook
"Localisation and the Evolving Global Luxury Landscape"
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"Localisation and the Evolving Global Luxury Landscape"

"Where are the opportunities in 2023 and beyond?"

"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"

"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"

"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"

"New store activity globally has tended to follow the Chinese luxury consumer, and the geography of new openings in 2021 was no different"

"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"