Top European Streets for Luxury Retail
Hello dear readers,
I came across an article that shares interesting key insights from a recently released study of Europe’s most important luxury shopping destinations.
The global market for luxury goods has emerged from the financial
crisis significantly faster than expected, according to a study of
Europe’s most important luxury shopping destinations by Jones Lang
LaSalle, focusing on the 100 most renowned luxury brands and their
presence in Europe’s metropolitan centres.
James Dolphin, Head of EMEA Retail Agency at Jones Lang LaSalle,
commented that “despite booming online offerings, retailing on Europe’s
most prestigious high streets remains a very important success factor
for the luxury segment. After two years of subdued spending, luxury
retailers are responding to the return in consumer confidence with
healthy expansion plans. Increased demand for prime space in the best
locations is forcing rents up. Other retailers are also looking to
benefit from the proximity to famous top-level brands, and this
additional demand for scarce showroom space is placing even more
pressure on premiums.”
Let’s have a look at some European luxury shopping hotspots: The most
expensive luxury High Street in terms of prime rent is London’s New
Bond Street which costs EUR 7,905 per square metre on an annual basis.
London is followed by Paris’ Avenue Montaigne (EUR 7,500 sqm/year) and
Stoleshnikov Lane in Moscow (EUR 7,015 sqm/year).
Despite the booming online offerings, stationary retailing remains a
very important success factor especially in the luxury segment. A look
at the latest annual reports published by the leading firms impressively
shows that the sales contributed by company-managed shop-in-shops and
stores have risen considerably. Almost all renowned luxury brands have
been making substantial investments in their own retail structures in
recent years, thereby lessening their dependence on wholesale business.
The highest density in terms of international luxury labels can be
found in Paris. Between them, the top 100 luxury labels operate more
than 150 luxury stores in the French capital, meaning that a part of
them have multiple stores here.
I’d say that’s something to keep in mind when you travel to Paris next time.
Bon voyage and happy shopping!
Possible places for me to seel my product? Exclusive shops in main capitals of the world...
London, Berlin, Paris, Milan, New York, Los Angeles... if you catch my drift... types of products available like this are normally high fashion labels.
Examples to come.
10 shopping capitals of the world
TOKYO
Top retailers 38.68%
Tokyo is well known for its fashion and people living in Tokyo are
said to be obsessed with top brands. You can find here mass retailers
like Uniqlo and boutiques such as Boutique W as well as Side by Side, a
clothing store established by the stylist Nicola Formichetti that also
showcases the work of emerging artists.
BARCELONA
Top retailers 39.09%
Barcelona has its fair share of high street stores including Zara as
well as the more mature Cortefiel. Designer’s shops including Chanel and
Cartier are also to be found there. The shoppers will really appreciate
lesser known shops such as luxury designer boutique Jean-Pierre Bua
that sells brands such as Jean Paul Gaultier – and Le Shoe.
MUNICH
Top retailers 39, 92%
Munich is the third largest city of Germany
and attracts shoppers from all over the world. Brands like Brioni,
Armani and Cerruti 1881 and Polo Ralph Lauren attract shoppers from near
and far. If you look for something really German, go to Marienplatz and
get your own Bavarian costume.
BERLIN
Top retailers 40.33%
The capital of Germany
is also the shopping capital of this European country. Department
stores such as Galeries Lafayette and fashion-forward boutiques like The
Corner attract masses to spend their money here.
6. MOSCOW
Top retailers 42, 39%
Moscow
is considered to be the most expensive city in the world and if you
look for luxury Moscow is the right place to go. Le Form is a shop that
carries many brands with complimentary aesthetics as well as
international favorites such as Derercuny, Maison Martin Margiela and
Dries Van Noten. Mass brands like Gap, Zara and H&M have also
expanded to the city.
7. MADRID
Top retailers 44.03%
Madrid is the capital of Spain and serves as home to many of the
world’s top brands, including Adidas, Loewe and mass mainstay H&M.
Local favorites such as Agatha Ruiz de la Prada and Desigual are also to
be found there.
4. DUBAI
Top retailers 45.68%
Dubai is known for its endless shopping malls including Mall of
Emirates, Wafi Shopping Mall and Villa Moda housing designer shops like
YSL, Gucci, Prada and Louis Vuitton.
3. NEW YORK
Top retailers 46.91%
New York is beloved for its department stores such as Bergdorf
Goodman and Barneys both situated in Midtown. Funky boutiques such as
Crave, Aloha Rag and What Comes Around Goes Around in SoHo, are also
typical for this city. Of course every top retailer under the sun seems
to have a presence in N.Y.
2. PARIS
Top retailers 49.79%
Paris, the capital of France,
is considered to be the most stylish city in the world. It is also home
of the world’s most well-dressed artists, stylists and designers. Maria
Luisa, Colette and L’Eclaireur are the best known multi-brand boutiques
in the world. Palais Royal is the latest hot shopping spot which hosts
boutiques such as Stella McCartney, Rick Owens and Corto Moteldo.
1. LONDON
Top retailers: 59.26%
London is with its High Street the capital of the world’s shopping.
The city hosts more than half of the world’s shop retailers, including
the young and trendy Topshop as well as high end department stores such
as Liberty of London and Harvey Nichols. Comme des Garçons designer Rei
Kawakubo’s Dover Street Market is a boutique that focuses on
hard-to-find designers such as Anne Valerie Hash. Labour of Love stocks
little-known labels such as Louis Amstrup.
I really know now that I need to limit myself to 3/4 exclusive countries where my Tea is sold, this will target my millionaire (money to waste) audience, because of their constant traveling/private jets they will be the only ones who will go that far to get my product, or will be the ones who can afford to live in those kind of cities. Just need to find my shops now...
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