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Weekly Insights Sep 25, 2015

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

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