London lost its top spot on a list of key cities for luxury store openings this year. The new review by Savills saw Paris back in the lead this time, but London, New York and Tokyo are top of many brand wishlists.
Black Friday store visits will drop this year for the first time since it became a key shopping day in 2013, a new study says. But another forecast says spending over the Black Friday period will rise above inflation.
Regent Street’s status as a key flagship location has been further underlined by news that L’Occitane, the French beauty, skincare and fragrance retailer, will open its first British flagship there by year-end.
UK Christmas spending is likely to rise this year but the latest set of data suggests that it’s inflation that will be driving that rise, not consumer enthusiasm, and fashion will suffer even though beauty will prosper.