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Luxury retailers are spending big on larger spaces, enhanced amenities, and new locations. Luxury retailers have leased 650,000 square feet of new space in the U.S. over the past 12 months, up from roughly 250,000 square feet the prior year, according to JLL. Retail sales of luxury goods in the U.S. are expected to total $75.68 billion this year, which is a nearly 9% increase from last year’s $69.51 billion. Luxury stores are growing in size -- retailers signed leases for space averaging 5,000 square feet or larger over the past year, which represents a 28% increase from the previous 12 months. High-end brands are spending big to add hospitality components such as cafes and bars in a push to make their locations more compelling and entertaining. Luxury retailers are also expanding beyond the traditional high-end retail corridors such as Michigan Avenue in Chicago and Rodeo Drive in Beverly Hills. They have been following their customers and opening stores in cities and states where the population has boomed in recent years, including Austin and Nashville.

Exciting Future Unfolding at Southdale Center! America's first mall is undergoing a revolutionary transformation. As reported in the Wall Street Journal over the weekend, Simon is turning Southdale Center in suburban Minneapolis into the epitome of the “mall of the future”. Over the last decade, Simon has been reshaping Southdale, introducing a diverse array of amenities beyond traditional shopping. Luxury apartments, a hotel, a Life Time resort-style fitness club and modern co-working space and RH Gallery & Restaurant are just the beginning. Building on the progressive, upscale transformation, the first group of luxury retailers was revealed and includes four high-profile newcomers to the Minneapolis/St. Paul market – Gucci, one of the world’s leading luxury brands; Moncler, a brand focused on new luxury with its origins in sports clothing; Max Mara, the forerunner of modern ready-to-wear women’s clothing; and globally renowned watchmaker Breitling. Also announced were British luxury icon Burberry, luxury watch stalwart Watches of Switzerland/Rolex, Coach, kate spade new york, and Tory Burch, joining Kowalski’s Market and upscale mini-golf concept, Puttshack, who are slated to open later this year. Read the full story here: https://on.wsj.com/4abMYah #Simon #RetailNews #Retail #Future #Realestate

Post-pandemic, New York City's retail sector, especially in luxury and fashion, has seen a significant revival. Reduced rents and flexible leasing terms led to a surge in demand for prime retail spaces. Notable movements include Dolce & Gabbana leasing the former Hermès store on Madison Avenue, and Prada acquiring a building from Jeff Sutton for $835 million. Sutton also sold a Madison Avenue space to the Dyson family for $135 million. Brands like Zara, Mango, Lululemon, Arc’teryx, and Vans are actively seeking locations in the city. #NYCRetailRevival #LuxuryFashionBoom #MadisonAvenueDeals #PostPandemicShopping #RetailRealEstate #FashionFrontsNYC #DolceGabbanaMadisonAve #PradaNYCAcquisition #JeffSuttonRealEstate #VersaceNewLocation #TrendyBrandsNYC https://lnkd.in/eeXduNeP

𝗧𝗵𝗲 𝗟𝘂𝘅𝘂𝗿𝘆 𝗙𝗹𝗮𝗴𝘀𝗵𝗶𝗽 𝗪𝗮𝗿 𝗼𝗻 𝗙𝗶𝗳𝘁𝗵 𝗔𝘃𝗲𝗻𝘂𝗲 "For luxury conglomerates, making a statement with very expensive real estate is simply how the business’s distribution model has evolved — from small side-street stores in Paris and Milan to selling in luxury department stores like Bergdorf and Saks, to increasingly doing the bulk of their sales from flagships. Hence the demand for larger, more eye-catching spaces and ever more extravagant shopping experiences. And they can count on a consistent customer base." https://lnkd.in/e_pbnjf2

Retail Today / Retail Renaissance: Let’s forget all the doom and gloom of San Francisco, what is really happening in our big cities? Earlier this week we talked about the huge success with “The Battery Atlanta”, Atlanta’s entertainment/retail center in the metro area. Now the resurgence of retail in Chicago along the Gold Coast including Magnificent Mile. Luxury Brands paving the way with new growth, Bottega Veneta, Hermes, Armani, Prada, Chanel, etc.. Manhattan is back to $1000 sq foot, with new additions from Dolce & Gabbana, Louis Vuitton, Gucci, Rolex, Marc Jacobs, Saint Laurent and more. “It’s hard to overstate the excitement in the retail market”. Even E-commerce brands are looking for Brick&Mortar opportunities, Cananda Goose, Gorjana, Monos, etc… “Stores are a profitable growth engine for online sales”. Don’t worry about the younger generation, 97% of GenZ shop in B&M! #retail #brands #sales #shoppingexperience #stores #retailtrends #retailindustry #retailstrategy #brandexperience #brickandmortar #ecommerce #chicago #manhattan

At Murillo Merchandise, Calvin Klein isn't just a brand, it's a statement of sophistication at prices that won't break the bank! 💸👗 We're all about real deals, real style, and real luxury - without the fake stuff. 🚫👎 Why? Because you deserve the best without the hefty price tag. Dive into our Calvin Klein collection and experience luxury for less. 🛍️💖 Free Shipping Worldwide 🌍✈️ Share if you love #CalvinKlein, comment if you're a #LuxuryForLess believer, and tap the link to shop now! 🛒💬 #AuthenticityMatters #luxuryonabudget #luxuryforless #authenticitymatters #murillomerchandise #designerbrands #luxurylifestyle

At Murillo Merchandise, Calvin Klein isn't just a brand, it's a statement of sophistication at prices that won't break the bank! 💸👗 We're all about real deals, real style, and real luxury - without the fake stuff. 🚫👎 Why? Because you deserve the best without the hefty price tag. Dive into our Calvin Klein collection and experience luxury for less. 🛍️💖 Free Shipping Worldwide 🌍✈️ Share if you love #CalvinKlein, comment if you're a #LuxuryForLess believer, and tap the link to shop now! 🛒💬 #AuthenticityMatters #luxuryonabudget #luxuryforless #authenticitymatters #murillomerchandise #designerbrands #luxurylifestyle

Luxury meets opportunity as some of the world's most iconic fashion houses, including #Gucci, #Chanel, and others, make strategic investments in U.S. commercial real estate. The presence of these luxury brands in prime American locations attracts international attention: creating jobs, stimulating local economies, and contributing to the vitality of neighborhoods fortunate enough to host these luxury retailers. The luxury sector's confidence in U.S. real estate underscores its resilience and long-term value. Retail spaces are evolving into experiential showcases, blending fashion with technology and artistry. This trend positions #CRE as a canvas for innovation. Do you agree? 🤔 🛍 #LuxuryRetail #CommercialRealEstate #Innovation #EconomicGrowth #FashionAndRealEstate

I can’t recall the last time I’ve seen this much activity in an A mall - 10 new stores and 8 remodels! In a digital world, we can sometimes overlook that ~70% of consumer spending in retail happens in physical stores. Digital still influences these purchases, so I view this era as the convergence of physical & digital to enable exceptional customer experiences. ⭐️ Dallas Northpark Center’s has 10 new stores and 8 remodels booked now through fall. ⭐️ Trending brands - Reformation, Hill House Home , and Marine Layer ⭐️ Luxury new stores or renovations - GIVENCHY, Prada, AMIRI, Etro and Tiffany & Co. #futureofcommerce #futureofretail #retail #malls #luxury #customerexperience