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In the ever-evolving landscape of #luxuryretail, traditional brick-and-mortar boutiques are no longer the sole representation of opulence. Luxury brands are progressively expanding their horizons. Discover the future of luxury shopping in our article 👉 https://lnkd.in/dDErevZt #retail #luxuryretail #luxuryshopping #retailtrends #boutiques

🛍𝐉𝐲𝐬𝐤: 𝐭𝐡𝐞 𝐒𝐜𝐚𝐧𝐝𝐢𝐧𝐚𝐯𝐢𝐚𝐧 𝐚𝐫𝐭 𝐜𝐨𝐦𝐞𝐬 𝐢𝐧 𝐍𝐨𝐫𝐦𝐚𝐧𝐝𝐲. Already present in France and Normandy, Scandinavian brand JYSK has opened a new shop in Caudebec Lès Elbeuf. Specialising in furnishings, the brand aims to be the go-to place for people looking for a new, warmer home. The shop offers quality products at competitive prices. What's more, the shop is in a commercial area that promises to be dynamic and attractive for shoppers. This new shop is part of the company's strategy to expand in France. Foreign investment in the retail sector is becoming an 𝐢𝐧𝐜𝐫𝐞𝐚𝐬𝐢𝐧𝐠𝐥𝐲 𝐢𝐦𝐩𝐨𝐫𝐭𝐚𝐧𝐭 𝐩𝐚𝐫𝐭 of the Normandy landscape. Starbucks France recently opened two cafés in Le Havre and last week announced the opening of its first café in Rouen. Many international brands have chosen Normandy, but why? For two reasons: 👉Firstly, Normandy offers a network of medium-sized towns with an attractive population density and, secondly, it offers competitive logistics. #retail,#investment,#choosenormandy ADNormandie Région Normandie 👉https://swll.to/lJlG9nn

European & Other Luxury Retailers Splurge on American Real Estate - WSJ Luxury retailers have leased 650,000 sq. ft. of new space in the U.S. over the past 12 mos, up from roughly 250,000 sq. ft. the prior year, according to JLL. Key Take-A-Ways: 1. Retail sales of luxury goods in the U.S. are expected to total $75.68 B this year, according to market-research firm Statista - a nearly 9% increase from last year’s $69.51 billion. 2. To accommodate their growing assortments, Luxury Retailers have been signing leases for space averaging 5,000 sq. ft. or larger over the past year, according to JLL, a 28% increase from the previous 12 months. 3. As shoppers continue to migrate to warmer, southern, US cities, Luxury retailers are following. #Retail #luxuryretail #Deloitte #Deloittedigital #digitaltransformation https://lnkd.in/eDKXcv3T

The Mall at Millenia, one of the most upscale and productive centers in the United States, is home to a concentration of luxury retailers in Orlando, Florida. Luxury retailers saw a surge in leasing across the United States in the past year, with nearly 40% in malls, driven by their expansion into #SunBelt cities amid growing demand for upscale goods. Find market projections and more 5-star #retail properties with CoStar: https://lnkd.in/eACjuYdE

Luxury brands find resort locations and destinations particularly appealing due to the alignment with their target customers' lifestyle. Despite the challenges faced by traditional brick-and-mortar stores, the success of luxury brands in these locations demonstrates the importance of adapting to changing consumer behavior and embracing strategic opportunities. By going where their customers spend their leisure time, luxury brands can create a more personalized and engaging shopping experience, ensuring the continued relevance and success of physical retail.

Openings of new branches, new partnerships and collaborations are often topics that can generate the necessary visibility in the press. This article by Sudinfo about the opening of the first Ecoalf boutique in Belgium at the Designer Outlet Roermond is a good example. https://lnkd.in/eGxiTCAf

Malls or outlets? #Retail chains or boutiques? #Grocery shopping or order pick-up? One of the great things about #DFW is the growing retail options. Let’s discover #whereyoufeelathome with the #neighborhood amenities that meet your needs. 🛍😎🛒 #finehomesandestates #c21jfc #judgefite #c21 #century21 #relentlessmoves #texasrealestate #dfwrealestate #friscorealestate #fortworthrealestate #southlakerealestate #colleyvillerealestate #luxuryhomes #luxury home #luxuryliving #realestate #luxurybackyard #luxuryproperty #luxuryhomesforsale #luxuryhouse #dfwluxuryrealestate #luxuryrealtor #luxurylisting #luxuryhomebuying #luxuryhomeselling

The luxury ‘store wars’ cleaning up the Champs-Élysées Many of my Paris-based peers describe the Champs-Élysées as Paris' "Retail Disneyland," with its wide pavements, Instagrammable spots, and, most importantly, long queues. According to a recent article, this transformation is largely due to LVMH's recent strategy. Currently, 25% of l'Avenue des Champs-Élysées is occupied by high-end retail stores, up from 15% six years ago. Luxury stores have been one of the only physical retail sectors unaffected by the rise of the digital age and the lockdowns of the early 2020s. Given this trend, the surrounding area of the 8th arrondissement may become even more affluent, with kebab shops and cafés likely being replaced by high-end restaurants and boutique hotels. While this shift is expected to drive up tourist expenditure, it may come at a significant welfare cost to many Parisians. As the Champs-Élysées continues to evolve into a luxury shopping destination, the impact on local culture and affordability remains to be seen. Will the benefits of increased tourism and economic activity outweigh the potential downsides for the everyday lives of Paris residents? https://lnkd.in/eA4ysNSH

Luxury Brands Go on a Real Estate Shopping Spree Luxury retail brands are thriving as major retailers increasingly invest in physical stores, recognizing the significant value of brick-and-mortar locations, according to a report by JLL. Physical stores offer numerous opportunities to enhance the high-end customer experience and maintain product pricing, the report highlights. "The largest luxury retail groups are currently moving away from leases and purchasing prime high street properties in major cities worldwide," JLL noted. Kering, which owns brands like Gucci, Bottega Veneta, Balenciaga, and Saint Laurent, recently acquired a five-floor building on Milan's Via Monte Napoleone for $1.4 billion. This follows a $1 billion purchase of a property on New York City's Fifth Avenue. Prior to these acquisitions, Kering and other luxury retailers such as LVMH and Chanel made several high-profile purchases in Paris on streets like Rue Saint Honoré, Avenue Montaigne, and the Champs-Élysées. Since the start of 2023, luxury brands in Europe have invested over $9 billion in landmark stores in the world's top shopping destinations, according to Bernstein Research. These significant investments have led to strong corporate balance sheets, JLL reported. LVMH, one of the world's top 25 retail players, has nearly doubled its market capitalization since 2019, with annual sales for the 2023 fiscal year reaching approximately $92.7 billion. These brands are betting on continued consumer spending resilience, which is projected to grow for the fourth consecutive year in 2024. Additionally, increasing international tourism has been a major contributor. "Although new store openings by high-profile luxury retailers have slowed, the demand for larger, strategically located store spaces has grown," stated Josefine Ulrich, Director of Retail Leasing Strategy & Operations for EMEA, in a prepared statement. https://lnkd.in/gecfcjcw #LuxuryRetail #BrickAndMortar #RetailInvestment #CustomerExperience #HighEndBrands #RetailTrends #RealEstate #RetailSpace #LuxuryBrands #Kering #LVMH #Chanel #RetailExpansion #CommercialRealEstate #RetailStrategy #InternationalTourism #RetailGrowth #BusinessInvestment #MarketTrends #CorporateGrowth