While luxury retailers are increasingly embracing ecommerce, London has been voted World’s most attractive city for global luxury retailers to set up shops, according to 2016 report by the Jones Lang LaSalle. Hong Kong ranks second in terms of international retailer attractiveness, just ahead of Paris.
New York is the world’s 5th most appealing luxury retail destination after Tokyo. Despite China’s slowing economy, 4 chinese cities have made the list of world’s top 10 most appealing destination for global luxury retailers, along with Tokyo and Osaka in Japan.
Top 10 of the world’s best luxury retail destinations, 2016
2. Hong Kong
5. New York