Savills news and archive

Luxury store openings increase in Europe reflecting opportunity for sector

As Europe’s luxury market continues on its path of recovery, store openings saw an increase of 77 percent across the continent last year, as stated in a report by Savills. The increase comes as international visitors return to the region, bolstering its share in the global luxury sector by 23 percent, ranking it second behind China and ahead of...

RetailFeatured

Renewed activity for luxury stores in Europe as international travellers return

Luxury store openings in Europe increased by 77 percent in 2022, as the continent welcomed back international visitors looking to spend on luxury brands, according to international estate agent Savills. Research from Savills Global Luxury report found that the strong performance across Europe saw its global share of new openings climb to 23...

RetailFeatured

New York, Paris and London are the most attractive cities for retailers

International brands are continuing to bet on physical retail to drive sales in resilient destination cities, with New York, Paris and London ranking as the most attractive cities for retailers, according to a new report from Savills. The Savills 'Retailer Attractiveness City' ranking, reveals that New York, Paris and London have demonstrated...

Retail

Anine Bing to open first store in the UK

US womenswear label Anine Bing is set to open its first store in the UK, in London’s Mayfair next month in time for Christmas. The premium label has taken a 10-year lease on a two-storey unit located at 3 Grosvenor Street. Formerly occupied by Starbucks, the 1,340 square foot store spans across the ground floor and basement. The store is...

RetailFeatured

Luxury watch brands missing opportunities in London, New York

London and New York are missing opportunities for luxury watch makers who are seeking expansion in 2018. According to Savills, the international real estate advisor, 44 percent of brands that operate standalone boutiques globally are not yet present in either city. By contrast, the company says 73 percent of such brands already have a boutique...

Management

Oxford Street to welcome 26 new flagship stores by 2019

One of London’s prime retail areas, Oxford Street, is expected to welcome no less than 26 new flagship stores by the end of 2016 - further cementing the street reputation as one of the top shopping districts in the city. This new slew of flagship store openings comes after 11 retailers such as JD Sports, Matalan and Jackamo set up shop on Oxford...

Apparel

UK shopping center investments on the rise

British shopping centers investment volumes grew 70 percent to 4.58 billion pounds in 2013, up from 2.7 billion pounds in 2012, according to a recent analysis released by Savills Research, international real estate services firm. The firm has previously predicted shopping centers investment volumes to rise to 4.5 billion pounds by the end of...