Research
Luxury brands use retail to fuel growth
“Quiet” luxury is making some serious noise
September 13, 2023
Contributors:
- Ebere Anokute
- James Cook
- Keisha Virtue
- Saul Lua
The luxury retail boom shows no signs of slowing down. After being one of the first categories to rebound after COVID, these retailers benefited from a combination of persistent pent-up demand and robust retail expansion, fueling even more growth in the past year.
For this report, we looked at the activity of major luxury players and where they opened stores. Our research reinforced a familiar omnichannel story: strategic physical expansion plans, coupled with enhanced e-commerce capabilities, have resulted in robust gains for luxury retailers as they leased over 650,000 square feet in the last year.
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