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.
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 big news may be all about store closures, but with omnichannel being key, store openings are also making waves and fashion brands have led the way in moving from pureplay to omnichannel retail, a new report says.
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.
Not surprisingly, given all the recent rankings, London bagged the number one spot this year, as the favorite destination for tourists the world over. The British capital moved up five places in the ranking in the spa...