×
176
Fashion Jobs
H&M
E-Commerce Commercial Manager
Permanent · NEW DELHI
H&M
Area Facility Manager
Permanent · NEW DELHI
SAROJ JALAN
Marketing Strategist
Permanent · KOLKATA
ADD UR CO LLP
Production Manager
Permanent · Chennai
THE GLOBAL ZONE HR SERVICES
Production Manager/ Supervisor/ Incharge
Permanent · Pune
PUMA
Manager - Digital Marketing
Permanent · Bengaluru
THE BANYAN HR CONSULTS
Brand Manager For Leading Women's Wear Garments CO at Coimbatore
Permanent · Coimbatore
LEVI'S
Manager, Retail Merchandising (Ebo)
Permanent · Bengaluru
GLAN MANAGEMENT CONSULTANCY
Senior Buyer Lingerie (Knits Western Wear) - Retail Brand
Permanent · GURUGRAM
JOB INDIA
Asst. Manager E-Com Operations (Garments Retail) Gurgaon
Permanent · Faridabad
VASTRAKALA EXPORTS
Quality Manager
Permanent · CHENNAI
PEOPLE ALLIANCE WORKFORCE PRIVATE LIMITED
Manager / in Charge - Production/Quality/Cutting - Garments Industry
Permanent · Bhiwandi
MINT AND MILK COMMUNICATIONS
Senior Account Executive
Permanent · MUMBAI
PUMA
Manager- Buying (Apparel)
Permanent · Bengaluru
PUMA
Manager- Business Intelligence
Permanent · Bengaluru
PUMA
Manager- Trade Compliance
Permanent · Bengaluru
LEVI'S
Technical Product Manager
Permanent · Bengaluru
PUMA
Manager- Supply Planning
Permanent · Bengaluru
PUMA
Senior Manager - Performance Marketing- Marketplac…
Permanent · Bengaluru
PUMA
Regional Sales Manager- Mbo (South)
Permanent · Bengaluru
PUMA
Manager- Returns And Spf Operations
Permanent · Bengaluru
PUMA
Manager Merchandising
Permanent · Bengaluru
Published
May 23, 2017
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

London top launchpad for EU store expansion says CBRE, Hong Kong leads globally

Published
May 23, 2017

Brexit may be looming but London remains the top springboard into Europe for retailers launching an expansion programme, new figures from commercial property consultancy CBRE have shown. CBRE said 65 new retailers opened there last year with the city seeing over £2bn worth of of retail property investment.


London was a key location for openings last year and new chains like H&M's Arket mean it should stay that way in 2017



But Hong Kong was the top destination globally. Despite its well-publicised retail sector challenges, 87 new names opened there in 2016 as it continued to be seen as a must-be-there shopping destination by retailers.

London’s advantage came as large numbers of US names set up shop in the UK capital and it continued to benefit from being seen as the best stopping off point before expanding into the EU. They opened new stores despite major headwinds such as higher property taxes.

While coffee shops were the top category of stores to be opened at 22%, specialist clothing stores and mid-range fashion stores came next, accounting for 18% and 17% of foreign investment during 2016. And luxury retailers across categories accounted for 20% of all openings.

Given that most opening decisions will have been taken before the unexpected results of the EU vote, it remains to be seen whether London can retain its springboard status when running a European division from the UK possibly becomes more difficult after the EU exit deadline of 2019.

That said, the rise in tourism since the EU vote’s result helped to drive the pound’s value down means London will remain a key city for any business targeting tourist traffic, as well as the most affluent local shoppers.

Meanwhile, Dubai was third on CBRE’s list with 59 openings by new names and Doha was fourth with 58, the pair highlighting the importance of Middle Eastern markets even though persistent low oil prices have dented wealth in the region. CBRE said Dubai’s openings included major athleisure brands Under Armour, Jordan, New Balance and GapFit. And just as London is a first step into Europe, brands are using Dubai as a first step into the Middle East, CBRE said.

But Doha was only one opening behind Dubai, suggesting it is turning into a major rival having transformed its retail market in recent years with the opening of a number of large malls.

Next on the list were a clutch of key ‘global’ cities including Tokyo (48 new brands), Singapore (46), Paris (36), Moscow (33), Toronto (30) and Vienna (29).

Copyright © 2022 FashionNetwork.com All rights reserved.