The top 10 countries by estimated 2013 retail sales.
The top 10 countries by estimated 2013 retail sales.
2008 sales: $1.42 trillion. “In the U.S., you’ve got this huge population, and it’s comparatively rich, relative to other countries,” said Wright of Euromonitor. Despite current contraction, “retailers continue to expand here. And in terms of the number of stores per head, it’s much higher in the U.S. The shopping opportunities here are endless, and that’s going to continue within the next five years.” For example, Hugo Boss, Matthew Williamson and Tory Burch (seen left) have all recently opened new stores in New York’s Meatpacking District.
2008 sales: $467.42 billion. WWD reported last week that Burberry creative director Christopher Bailey caused a commotion on the streets of Beijing when he opened the brand’s two-story flagship in the heart of downtown. Also last month, high-end Italian tailored clothing label Corneliani launched its first Beijing flagship and plans 12 openings in China this year with local partner Zhejiang Hualian Group Co Ltd. The 4,300-square-foot Corneliani store, which opened April 2, is in the Jin Bao Place shopping center. A Jimmy Choo location (left) opened in Beijing last year, as well. In addition to international stores expanding into the country, Wright said, “There’s a real push to spend money on brands or products that people know have been made in China. The Chinese government is really encouraging its consumers to spend.”
2008 sales: $611.58 billion. “Spending will remain relatively level in Japan the next few years,” Wright said. “People have especially been putting off making big-ticket-item purchases. And in terms of pricing — consumers are waiting for prices to go lower.” WWD reported last week that Forever 21 opened its first store in Japan (left). The almost 19,000-square-foot Tokyo flagship is the first step in the California-based retailer’s push into the Japanese market. Executives said the chain plans as many as 100 stores in the country, although the timing of the rollout hinges on finding the right locations. The Tokyo store is next to Hennes & Mauritz’s flagship and near Gap, Topshop and Uniqlo on Harajuku’s bustling Meiji Dori. And Chanel opened its first freestanding beauty store in Japan last month.
2008 sales: $297.01 billion. “Germany is actually a very rich country,” Wright said. “People have the opportunity to spend quite a lot, but like any other place, they haven’t been spending as much.” He pointed out the major presence of discounters, including firms like U.K.-based clothing retailer Primark, might contribute to the overall decline. Mark Burlton, who heads Cushman & Wakefield’s cross-border retail business in Europe, told WWD Monday that discount players were by far the most active tenants at the moment. He also cited Primark, along with TK Maxx — which operates in the U.K., Ireland and Germany and is part of U.S.-based TJX Cos. Inc. — as potentially increasing market share because of the economy. San Francisco-based Levi’s also opened a 4,305-square-foot flagship in Berlin last fall (left).
2008 sales: $268.19 billion. Like Germany, “The U.K. has witnessed a real rise of cheaper clothing stores,” Wright said. “Stores such as Primark, Topshop, H&M and Zara are creating a varied retail scene.” Scott Malkin, chairman of Value Retail, which operates Chic Outlet Shopping in Europe, said there has been a dramatic uptick in demand for space at the group’s nine sites. “Our outlets are key retail streets….We serve a purpose that cannot be served elsewhere,” Malkin said of the shopping villages, which are an hour’s drive from cities, such as London and Paris. But WWD reported Monday that luxury labels remain in demand. This year, Lanvin has opened on London’s fashionable Mount Street, and Marc by Marc Jacobs (left) and Rick Owens launched boutiques around the corner on South Audley Street.
2008 sales: $243.64 billion. France-based Carrefour Group said last month its first-quarter revenue slipped 2.8 percent to 22.72 billion euros, or $29.71 billion. The world’s second-biggest retailer after Wal-Mart Stores Inc. said its French hypermarkets showed resilience, but consumers continued to shun nonfood purchases and hunt for bargains. COS, H&M’s more upscale cousin, has tapped into the French market. The brand opened a Paris shop last year that’s doing “very well,” said COS creative director Rebecca Bay. France is the brand’s major new market entry for 2009. Paul Smith opened its first women’s-only Paris boutique on Rue de Grenelle in March (left), the brand’s third store in Paris.
2008 sales: $234.01 billion. “Italy is a very captive and growing audience, and we need to satisfy a demand and further develop our business,” Olivier Mauny, chief executive officer of Chanel-owned Eres, told WWD last month. The brand opened its first lingerie and swimwear boutique in Milan in April. Prada launched its second unit in Madrid on the Calle Serrano and Cartier opened a store (left) in the 15th-century Palazzo Corsi-Tornabuoni in Florence last month, as well. Milan-based Missoni’s second line, M Missoni, has a directly owned store in Milan in the works, possibly opening in 2010. And Mazzolari, one of Italy’s leading perfumeries, is expanding its Milan store to accommodate growing demand for its products. “Our clients aren’t feeling the crisis,” owner Augusto Mazzolari told WWD in April.
2008 sales: $186.06 billion. Despite a flagging economy, Holt Renfrew, the nine-store Canadian chain, has been outperforming projections and moving forward on major store expansions, WWD reported last month. A Calgary, Alberta, location will open in October, and the Vancouver location has been redesigned (left). The brand’s Toronto flagship is undergoing a renovation that will grow its shoe department, for example, by the end of 2010. “Although the economy has softened here, we have not been in the same situation as the U.S.,” Pat Di Bratto, senior vice president and general merchandise manager of accessories, footwear and jewelry, told Footwear News. “There’s a great appetite from our customer.” Tiffany & Co. plans to open a store in Canada this year, although its international expansion has been cut to 13 stores, down from 22 in 2008.
2008 sales: $144.23 billion. H&M has Russia on the radar. The Swedish fast-fashion brand opened its first Moscow location in March (left). The 32,000-square-foot store, located in a mall near Moscow’s northern outskirts, is the first of three planned for the Russian capital this year. A Saint Petersburg store is to open in 2010. WWD reported, “Moscow has seen an invasion by mass market brands: Gap and New Look have recently opened, while Topshop entered the market in late 2006.” Around despite closing two Japan locations this year, Chanel has plans to open a store in Yekaterinburg in 2009, as well.
2008 sales: $136.23 billion. “There’s an emerging middle class in Brazil — people are getting richer here — they can actually spend more, especially on food and nicer clothing,” Wright said. Christian Louboutin opened a boutique in São Paulo in March (left). Skechers ceo Robert Greenberg said last week his firm continues to invest in its business globally, citing the recent launch of a subsidiary in Chile, as well as growth in Brazil, a new market for Skechers. Although Yves Saint Laurent is absent from South America, Valerie Hermann, chief executive officer, told WWD in March that Brazil was a possibility for expansion.