London Ranked the World’s Second Most Popular City for Retail Expansion

Posted on 29 June, 2017 by admin

New study conducted by CBRE revealed London as the World’s second most sought after city for retailers looking to expand their businesses in 2017, up from 6th place in its 2016 rank, while Hong Kong remained its position as the most important global retail city.


Some of the major retail businesses that opened stores over the past 12 months in the city of London include Typo, New Balance, IKKS and Dyson.

In total, London attracted 65 new retail entrants, closely behind Hong Kong, which attracted 87 new retail businesses.

Furthermore, the city’s prime shopping centres including Westfield Stratford attracting a significant number of new retailers has contributed to the city become such a desirable destination in the retail sector.

The report also shows that the majority of those new retailers opened in London in the past year are from the USA as they plan to launch in mainland Europe at a later stage.

Other top 10 cities in 2017 rank included Dubai, Doha, Tokyo, Singapore, Paris, Moscow, Toronto and Vienna. With Paris jumping from 20th place to seventh this year, this makes it the fastest growing city in Europe and globally.

David Close, Seniot director cross-border retail EMEA of CBRE, said:

“Retailers are increasingly looking at the traditional strongholds of London, Paris and Hong Kong and stores in the most prominent cities remain a strategic opportunity to attract consumers, build brand loyalty and generate sales off-line and on”.

Related Posts

Leave a Reply

Your email address will not be published. Required fields are marked *

Recent Posts

Aldi’s Expansion Plan

British Steel on the verge of collapse with over 20,000 jobs at risk

Paris watches as flames engulf one of France’s most famous landmarks

Debenhams on the brink of administration as board reject Ashley’s bid

Emmanuel Macron pushes for a new Europe with European Parliament elections on the horizon

Brexit impacts property market

Brexit uncertainty impacts the property market


Creative Christmas window displays

Toronto downtown skyscrapers

Brief history of skyscrapers

Savvy promotions attract early Christmas sales for retailers

Are savvy promotions attracting Christmas sales for retail stores?

Greenfield developments

Greenfield developments: The facts

facts about converting chapels churches

Things to consider when investing in church or chapel conversions

Lincoln Castle 1068

Exploring Lincoln Castle’s Georgian and Victorian Prison

the leopard inn Burslem

Facts about The Leopard Inn, Stoke-on-Trent

ancient high house Stafford

The majestic Ancient High House in Stafford

retro video game arcades

Retro video game arcades: The comeback

industrial style offices

How to achieve an industrial inspired office