With 40% of worldwide retailers planning to open a store in Germany in 2014, it is the most popular retail market in the world. According to the newest CBRE research, global retailers are drawn to Germany because it allows them to target 20 major cities in one market. When only European retailers are included, the survey shows that more than 70% of them want to open a store in Germany in 2014. For American retailers, the country is the second most significant market.
France is the second most popular market, attracting 26% of worldwide retailers, followed by the United Kingdom (25%), Austria (22%), and China (22%). (22 percent). the pearl qatar restaurants
Switzerland, Belgium, Spain, Italy, Czech Republic, and Sweden round out the top ten global retail markets, according to the data.
In the next 12 months, more than a third of retailers expect to increase their store portfolio by 40 sites or more, indicating renewed confidence in the global retail sector. Mid-range and value fashion are the most popular sectors among these retailers, accounting for one-third of the total.
"While international growth has slowed in recent years, retailers are making clear their desire to meaningfully invest in their store networks throughout 2014," according to Peter Gold, CBRE's Head of Cross-Border Retail. "Their demand for a diverse variety of markets emphasizes the need of cross-border expansion."
Retailers in the United States are planning significant large-scale expansions, with 47 percent aiming to establish more than 40 locations in 2014. The United States is the region's largest retail market, attracting 43 percent of all retailers from the Americas. Many North American retailers, meanwhile, are trying to grow abroad as domestic markets mature and competition rises, according to CBRE.
"With consumer confidence returning across many European regions, North American retailers believe now is the opportune time to capitalize on a largely untapped growth potential," according to David Close, director of Cross-Border Retail EMEA, in the research. "US retailers are expanding their store networks and overseas offerings at a steady pace, and this trend will continue to grow and diversify in 2014 and beyond."