By  on December 2, 2013

SHANGHAI — Tokyo and Hong Kong remain top cities for new brands to open in Asia Pacific while retail expansion in China, particularly in first-tier cities, remains robust due to an injection of new supply in the market meeting pent-up demand for more niche and bridge brands to enter the country, according to a retail report released Monday by real estate consulting firm CBRE.

The study, which analyzes retail expansion for the first three quarters of 2013, found that growth is fueled by mid- to high-end brands while luxury expansion has been mitigated by companies adopting a more calculated strategy for their presence in the region, particularly in China where slowing economic growth, changing consumer tastes and a government crackdown on ostentatious spending have impacted the sector.

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