Tag #Luxury Retail

europe.chinadaily.com.cn
🌐 85% Global Worthiness
News related image

China's Outlet Mall Boom: \$31.5 Billion in Sales and Continued Growth

Driven by middle-income consumers seeking value, China's outlet mall sector achieved \$31.5 billion in sales in 2023, a 9.5% year-on-year growth, and is projected to reach \$35.7 billion by 2025.

Progress

36% Bias Score

Reduced Inequality
es.euronews.com
🌐 85% Global Worthiness
News related image

Milan's Via Montenapoleone Named World's Most Expensive Shopping Street

Via Montenapoleone in Milan is officially the world's most expensive shopping street, with average rent reaching \20,000 per square meter, surpassing New York's Fifth Avenue due to its exclusivity and high-spending clientele.

Progress

48% Bias Score

Reduced Inequality
theglobeandmail.com
🌐 85% Global Worthiness
News related image

Milan's Via MonteNapoleone Overtakes Fifth Avenue as World's Priciest Retail Street

Via MonteNapoleone in Milan is now the world's most expensive retail destination, surpassing New York's Fifth Avenue with average rents of \"20,000 euros per square meter ($2,047 per square foot)\", reflecting high demand from luxury brands and significant shopper spending of an average \"2,500 euro...

Progress

48% Bias Score

Reduced Inequality
africa.chinadaily.com.cn
🌐 85% Global Worthiness
News related image

China's Outlet Mall Boom: \$31.5 Billion Market Driven by Value-Seeking Consumers

In 2023, China's outlet mall sector experienced a 9.5% year-on-year growth, reaching \$31.5 billion in sales, driven by middle-income consumers seeking value and quality brands; the market is projected to reach \$35.7 billion by 2025.

Progress

44% Bias Score

Reduced Inequality
abcnews.go.com
🌐 85% Global Worthiness
News related image

Milan's Via MonteNapoleone Overtakes Fifth Avenue as World's Priciest Retail Street

Via MonteNapoleone in Milan has become the world's most expensive retail destination, surpassing New York's Fifth Avenue with average rents of \"20,000 euros per square meter\", driven by high sales from luxury brands and attracting high-spending tourists.

Progress

52% Bias Score

Reduced Inequality
forbes.com
🌐 85% Global Worthiness
News related image

Luxury Retail Faces Mass Exodus as Employee Dissatisfaction Impacts Market

A survey of 12,000 luxury retail employees reveals that 51% plan to leave their jobs due to dissatisfaction with agency, value, and work-life balance; this, coupled with a 2% contraction in the luxury goods market, highlights a critical juncture for the industry.

Progress

36% Bias Score

Decent Work and Economic Growth