×
187
Fashion Jobs
PHV
Director, Internal Communications, Pvh Asia Pacific
Permanent · Hong Kong
PHV
Human Resources Officer, Pvh Asia Pacific
Permanent · Hong Kong
PHV
Buyer, Calvin Klein, Seath
Permanent · Hong Kong
PUMA
Manager Fabric Development Apparel
Permanent · Hong Kong
SHISEIDO
Manager - Sales And Operations, Clé de Peau Beauté
Permanent · Hong Kong
SHISEIDO
Senior Manager - Sales And Operations, Shiseido And Drunk Elephant
Permanent · Hong Kong
SHISEIDO
Contract Accounting Officer, Finance & Accounts
Permanent · Hong Kong
PHV
Garment Technician, Sweaters
Permanent · Hong Kong
PHV
Senior Analyst ii, Business Process, Asia Pacific
Permanent · HONG KONG
PHV
Senior Manager, Strategic Brand Planning & Integration, Tommy Hilfiger Asia Pacific
Permanent · Hong Kong
PHV
Manager i, Merchandising (Accessories)
Permanent · Hong Kong
PHV
Vice President, Shopper Experience, Calvin Klein Asia Pacific
Permanent · Hong Kong
PHV
Marketing Executive, th Hkmo
Permanent · Hong Kong
PHV
Brand Manager, Calvin Klein Asia Pacific
Permanent · Hong Kong
PHV
CRM Executive
Permanent · Hung Hom
PHV
Marketing Executive, Brand Marketing, Tommy Hilfiger Asia Pacific
Permanent · HONG KONG
PHV
Vice President, Brand & Shopper Experience, Tommy Hilfiger Asia Pacific
Permanent · Hong Kong
PHV
Visual Merchandising Manager, Hong Kong & Macau
Permanent · Hong Kong
PHV
Manager, Merchandising, Tommy Hilfiger, Asia Pacific
Permanent · Hong Kong
PVH
Senior Legal Counsel, Asia Pacific
Permanent · Hong Kong
L'OREAL GROUP
CRM Manager
Permanent · HONG KONG
COACH
Specialist, Human Resources
Permanent · HONG KONG
Published
May 23, 2017
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

London top launchpad for EU store expansion says CBRE, Hong Kong leads globally

Published
May 23, 2017

Brexit may be looming but London remains the top springboard into Europe for retailers launching an expansion programme, new figures from commercial property consultancy CBRE have shown. CBRE said 65 new retailers opened there last year with the city seeing over £2bn worth of of retail property investment.


London was a key location for openings last year and new chains like H&M's Arket mean it should stay that way in 2017



But Hong Kong was the top destination globally. Despite its well-publicised retail sector challenges, 87 new names opened there in 2016 as it continued to be seen as a must-be-there shopping destination by retailers.

London’s advantage came as large numbers of US names set up shop in the UK capital and it continued to benefit from being seen as the best stopping off point before expanding into the EU. They opened new stores despite major headwinds such as higher property taxes.

While coffee shops were the top category of stores to be opened at 22%, specialist clothing stores and mid-range fashion stores came next, accounting for 18% and 17% of foreign investment during 2016. And luxury retailers across categories accounted for 20% of all openings.

Given that most opening decisions will have been taken before the unexpected results of the EU vote, it remains to be seen whether London can retain its springboard status when running a European division from the UK possibly becomes more difficult after the EU exit deadline of 2019.

That said, the rise in tourism since the EU vote’s result helped to drive the pound’s value down means London will remain a key city for any business targeting tourist traffic, as well as the most affluent local shoppers.

Meanwhile, Dubai was third on CBRE’s list with 59 openings by new names and Doha was fourth with 58, the pair highlighting the importance of Middle Eastern markets even though persistent low oil prices have dented wealth in the region. CBRE said Dubai’s openings included major athleisure brands Under Armour, Jordan, New Balance and GapFit. And just as London is a first step into Europe, brands are using Dubai as a first step into the Middle East, CBRE said.

But Doha was only one opening behind Dubai, suggesting it is turning into a major rival having transformed its retail market in recent years with the opening of a number of large malls.

Next on the list were a clutch of key ‘global’ cities including Tokyo (48 new brands), Singapore (46), Paris (36), Moscow (33), Toronto (30) and Vienna (29).

Copyright © 2023 FashionNetwork.com All rights reserved.