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.

Westfield_Stratford_City_interior

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


Recent Posts

bigstock-Speaker-at-Business-Conference-6newuse

Billions of Midlands investment to be showcased at MIPIM 2018

Northern Ireland Commercial Property boosts due to shopping centre sale

bigstock-View-Of-The-City-Centre-Of-Edi-95179379

Edinburgh needs developments to act as incentive for investment

spotify-news-story

Spotify in £1.18bn copyright lawsuit

market cart and supermarket view and parking

Toys R Us UK Stores Facing Administration

new-and-modern-warehouse

Amazon and other online giants changing the game in UK commercial real estate

Beers-In-A-Flight

British Pubs face closing due to soaring business rates

original_images_Google-entrance

Google new London HQ gets the go-ahead!

office-620817_960_720

Significant Increase in Female Self-Employment

Westfield_Stratford_City_interior

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

Havaianas_selection

Havaianas to Open a Pop Up Store at Leicester’s Highcross Shopping Centre

21025996740_ce194a6f8a_b

Amazon’s Newest Bookstore Opening in New York

pexels-photo-28883

Small Business Rates Relief Delays Affect Thousands of Businesses in the UK

Joy,_Albion_Street,_Leeds_(21st_December_2015)

Fashion Retailer, Joy, Rescued by Louche London in a Pre-packed Deal

1280px-John_Lewis_Newcastle

New Scheme to Help Part Time Workers Progress in Their Careers

Jimmy-Wales-the-GMG

Jimmy Wales Leaves His Position at the Guardian Board