1、Madison AvenueRodeo DriveBloor Street Champs-lysesAvenue MontaigneMaximillianstrasseNanjing RoadPC HooftstraatGinza Myeong-dongVia Monte NapoleoneBahnhofstrasse5th AvenueCastlereagh StreetRue Saint-HonorCanton RoadOrtega y GassetBond StreetGlobal Luxury RetailIDENTIFYING ANDREALISING OPPORTUNITIES20

2、23 OUTLOOKIt is incredible to think that this is our fifth edition of our global luxury retail report and what a five years it has been.What the pandemic has demonstrated is the resilience of luxury spend but in particular the strength of physical luxury retailing and its increasing importance in a

3、digital age.In the immediate aftermath of the pandemic the focus from a store perspective was to get closer to luxury consumers;this trend continues but with the resumption of international travel key destination cities have also moved back up the agenda.Opportunities generated by the pandemic,such

4、as increased availability and reduced rents in some markets,have helped to facilitate increased store activity,namely in London and New York.However,the resilience of luxury spend in more domestic focused markets and those with very tight levels of supply have actually elevated rents above pre-covid

5、 levels and further constrained availability.With those post pandemic opportunities now almost absent across the majority of primary luxury markets and supply coming under further downward pressure the question is,where are the best store opportunities in 2023 and beyond?We look to try and identify

6、these future opportunities.Our on the ground experts and market knowledge highlights that opportunities still exist in those primary luxury global markets beyond the core luxury pitch if brands are willing to be pioneers.And in some cases,these emerging pitches will be supported by wider redevelopme