Home / Knowledge / News / Apparel/Garments / London among world's top luxury retail hubs: Study
London among world's top luxury retail hubs: Study
23
May '13
London has been placed among the top luxury shopping hubs in the world, along with Paris, Milan, New York, Hong Kong and Tokyo, according to a study titled, ‘Retail Market Study 2013’, conducted by a Swiss firm Location Group. 
 
According to the study, “London’s exclusive Mayfair district is vying to overtake Paris, Milan, New York, and Tokyo as the place to go for luxury shopping.”
 
Of the 600 retailers represented by New West End Company (NWEC)—a major marketing agency for stores in London—around 300 are luxury stores in the Bond Street area of London. 
 
Top global luxury brands continue to secure new stores in London’s Bond Street and Sloane Street. Over one-third of the space sold on the two streets this year was taken by Italian designers, with several brand owners increasing their store size, states the retail market study. 
 
Due to the rise in value of retail real estate, rental levels are touching almost £ 1,000 on Bond Street with strong growth in rental levels on Sloane Street over the last year, mentions the report.
 
The study predicts that the British high-end fashion streets will face competition from the upcoming fashion hubs in the US. Also, British labels, including Marks & Spencer and Debenhams, might be threatened by US apparel retailers who are looking towards the UK for extra profits.
 
The Retail Market Study 2013 is based on a survey of 145 most notable international cities of the fashion and retail world. Over 1,000 retailers, 750 shopping streets and 500 shopping centers were analyzed during the study.
 

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 10th Dec 2016

India’s 2016-17 cotton import to touch 17 lakh bales

The import of cotton from international markets by spinning mills in...

Textiles | On 10th Dec 2016

US textile & apparel imports fall 6.50% in Jan-Oct ’16

The import of textiles and apparel by United States dropped 6.50 per...

Textiles | On 10th Dec 2016

Indian textile hubs adopt cashless payment modes

The textile ministry is promoting cashless payment within the...

Interviews View All

Angelina Francesca Cheang
MY ANJE

'Consumers in the age-group 21 to 38 are driving the activewear trend'

Frank Gossmann
Rotorcraft AG

‘RT3 motto is: Do not check millimetres, check colours.’

Amit Jain
Shingora Textiles Ltd

‘In terms of fabric, the fastest growing category for us is a blend of...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
December 2016

December 2016

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


Advanced Search