Executive Summary

• Our recent report, Global Chinese Shoppers: The $200 Billion Opportunity, a major study that we coproduced with consultancy firm China Luxury Advisors estimates that this group’s overseas retail spending will reach $422 billion by 2020—a 5-year CAGR of 13%
• Macy’s has dedicated one floor at its Herald Square flagship store called One Below, as its “millennial floor,” which blends fashion, food and technology, including a wearable technology shop and a 3D printing area
• Amazon has launched two new sites in France, one for grocery and the other for beer, wine and spirits; in total, the two sites will offer 34,000 products
• International brands are increasingly focusing on opening new stores in shopping malls, particularly destination malls. There are currently 1,800 malls in Latin America, with another 150 under construction