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Paris has overcome Tokyo and Hong Kong as the world's most important retail market.

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Montry Green @Montry_Green · Sep 6, 2021

According to the most recent edition of CBRE's World Property Consultant How Global is the retail sector, Paris has received 50 brands last year as the world's hottest retail sector and France is the top country for new retailers. عقارات للبيع


According to the 2014 study, which tracks retailer moves in 2013, the total presence of global retailers has grown by 1.7% in the nation. Over half (51 percent) of distributors now operate in all three major global regions: America, Europe, the Middle East and Africa (EMEA), and Asia Pacific, which grew somewhat from last year.
In 2013, retailers focused on mature markets, with 18 of the top cities maturing, up from 14 in the previous year. Over the course of the year, 83% of survey cities had one new entrant (up from 81% the year before), with the new entrants' top target markets growing 28%.
The number of new city entries grew by 26 percent year-on-year and more traders crossed borders to grow their enterprises. With 50 new arrivals this year, Paris has become one of the most attractive towns for retailers, with 10 new brands of luxury and business fashion. Three new retail malls opened in Paris in 2013, although the bulk of multinational companies attracted big high-street sites. Due to increasing touristic demand, in particular from China, premium companies are competing fiercely on these highways.
France has also ranked among the warmest countries, defeating Hong Kong and Japan. In France, investor confidence has resurged. Because of strong global retailers' demand for the restricted quantity of space available, rents in Paris have increased to decade high, which was a significant entrance point for many shops. Retailers chose nine additional French cities, in addition to Paris, as their first shop.
Tokyo is the world's second most enticing retailing city with a twice as many new entries (48) in 2013 as 2012, showing a restored confidence in Japan's economic outlook. A total of 24 newcomers came from the U.S. and 18 from Europe. With 43 and 42 new arrivals, the third and fourth "hottest" markets were Hong Kong and Abu Dhabi.
Although London has the most foreign brands in any location, 31 new market enthusiasts were still attracting it last year. Among the top 10 cities are Beijing, Moscow, Shanghai, Frankfurt, Taipei and Singapore.
"Enhanced economic outlook in Western Europe and North America is prompting global retailers, with the top objectives being Paris, Tokyo, London and Berlin, to refocus their expansion ambitions on mature economies and key retail destinations," CBRE EMEA's Cross Border Retail Director Jose Luis Martin said. Retailers also concentrate on the restoration of European markets and Asian and South American locations where they are still underrepresented."
"Global shopping center growth is at an all-time high that makes it possible for retailers to expand to new areas, particularly in Asia, Latin America and Eastern Europe," the research adds. Owners pay a considerable amount of money to redevelop, extend and refresh their current centres, which is essential to the acquisition of large worldwide brands."
"The expansion of the internet industry has enhanced brand relevance not just among luxury merchants, but throughout the retail spectrum, with the finding of aspirative items and high street and value products by customers, which is a driving force for demand for new shops," said the research.
Retailers in America are by far the most global, with 80% operating on all three continents, compared with 48% in Europe and 25% in Asia Pacific. With the maturity of the US market, retailers have expanded their worldwide scope and cross-border in order to develop their companies. 40 percent of American merchants' cross-border moves were to EMEA, 35 percent to Asia and just 18 percent to other nations in America.
The CBRE Senior Managing Director of Reteal Services Naveen Jaggi added: "The maturity and density of the American market encourage retailers to go outside their domestic borders in order to pursue expansion.