Find in the news:

Luxury brands flock to China: 40% of all stores open in the country

China continues to be the leading market for luxury brands.

China continues to be the leading market for luxury brands, driving demand as the market recovers from the pandemic and the latest wave of lockdowns. By the end of 2022, China accounted for more than 40% of all luxury brand openings despite tight retail restrictions, according to Savill research.

However, such figures are not record-breaking for the Chinese market and rather demonstrate temporary difficulties due to a decrease in buying activity. China accounted for 55% of all luxury openings in 2021.

"This was not unexpected given the acceleration in the pace of store openings a year earlier and weakening tenant confidence amid rolling closures seen in parts of China throughout 2022," the report said.

The total number of stores in the global market increased by 11% in 2022. Due to a temporary slowdown in retail activity in China, more openings were made in other Asian markets and some European countries.

Thus, Europe accounted for 23% of new discoveries, and the annual increase was 77%. The recovery was supported by international tourists returning from the pandemic and lower rental rates in some key trade corridors. In Asia, excluding China, luxury brand store openings are up 12% year-on-year.

More about shopping malls in China

YESTERDAY, United Kingdom:
German grocery discounter Aldi continues to develop in the British market actively.
Seattle-based jewelry brand Ben Bridge has announced opening of a flagship store downtown.
DAY BEFORE YESTERDAY, United Arab Emirates:
The Middle East has emerged as a vibrant hub for fashion, showcasing a fusion of rich cultural heritage and contemporary design sensibilities.
Fast-food restaurant chain Subway has announced its largest-ever master franchise agreement.
The initiative is designed to support students in repaying their education loans.
and Follow
Shopping City Süd GLA:1 862 156 SF
ADDRESS: Europaring 2334 Vösendorf
Austria . Vienna
Shopping City Süd
Mall of Scandinavia GLA:1 087 155 SF
ADDRESS: Evenemangsgatan 11 169 56 Solna
Sweden . Stockholm
Mall of Scandinavia
South Coast Plaza GLA:2 800 000 SF
ADDRESS: 3333 Bristol St, Costa Mesa, CA 92626
USA . Los Angeles
South Coast Plaza
Central Children's Store GLA:370 192 SF
ADDRESS: Teatralnyi proezd, 5
Russia . Moscow region
Central Children's Store

Edit text

Dear visitor!
If You wish to add appropriate information to this description, please make changes in the text below and they will take effect after being verified by administrator.


Dear visitor!
If you desire to add more photos to this description, please upload them and they will appear on the page after being verified by administrator.

Sign in
Sign in please, if you already have an account


Error filling
Error filling
Error filling
Error filling
Thank you!
You will receive e-mail with registration data shortly. In email you'll find link, confirm your account by clicking on it, please. Team
Thank you for message!
In the near future you will be contacted the manager
for further details. Team
Good mall, bro!
In the near future you will be contacted the manager
for further details. Team
We are dissatisfied with you :-(
In the near future you will be contacted the manager
for further details. Team

Write to us