Savills Global Luxury Retail

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Savills Global Luxury Retail:
The Geography of Luxury Retailing
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2018 Outlook Key Contacts – Cross Border
Global luxury goods spend has grown faster than expected
in 2017 with Bain & Company forecasting a 6% increase in
personal luxury goods revenue by the year end, with robust
annual growth of 4-5% through to 2020. Much of this rebound
is being driven by Chinese consumers and is likely to translate
into improved demand for new stores in key Chinese cities.
Cities in the wider region that attract significant numbers of
Chinese tourists such as Hong Kong and Macau, should also
see new store requirements increase. Globally however, we
expect new store requirements to remain focused on strategic
and under-represented markets in Europe and North America.
Expansion by ‘affordable luxury’ brands will continue to form
a key part of the overall luxury market in 2018 with the major
destination markets being prime targets for these brands.
As this is a segment that can support multiple brand stores
in a given city we expect occupational demand to improve
particularly in those markets most adversely impacted by the
luxury headwinds of 2016.
The greater focus on strategic and under-represented markets
for 2018 is reflected in active requirements across the 30 luxury
brands that Savills track. In Europe, Frankfurt and Munich are
top target cities for new store openings with Paris and London
also featuring in the top five. In terms of global requirements it is
US markets that dominate. Miami, New York and Los Angeles
all feature heavily in brands target cities for 2018/2019. In the case
of New York this suggests that the occupational headwinds it
faced this year will start to abate in 2018.
Savills dedicated global luxury retail team has a wealth of experience and a comprehensive understanding of the luxury retail
sector, enabling us to regularly advise and transact on behalf of our clients within this highly specialist market.
If you’d like further information on how Savills Global Luxury Retail team can help you, please don’t hesitate to contact one
of our experts across the globe:
Key Contacts – Country Specific
Anthony Selwyn
Head of Global Luxury Retail
Christian Nehme – France
Head of Retail
Mark Simms – UK
Head of In Town Retail
Susan Kurland – USA
CoHead, Executive Vice President
Faustine Godbert – France
Associate, High Street Retail
Jeff Lagowitz – USA
Senior Managing Director
David Gialanella – USA
Executive Managing Director
Thomas Pasiecznik – Germany
Head of Retail
Silvia Segale – Italy
Head of Retail Leasing
Julia Milanovic – Germany
Senior Consultant, Retail Agency
Jordan Karp – Canada
Head of Canadian Retail Services
Cristina Casanova – Spain
Director, Retail
Nick Bradstreet – Hong Kong
Managing Director, Retail
Thomas Frogner – Norway
Partner, Malling & Co
Joey Chio – China
Head of Retail Tenant Representation
Carlotta Matteja
Cross Border Key Account
Manager, Retail Agency
Laura Salisbury Jones
Cross Border & Central London
Retail Agency
Marie Hickey
Director, Retail Research
Oli Fraser-Looen
Head of Cross Border
Retail Investment
James Burke
Cross Border
Retail Investment