1、United StatesSeptember 2024RLuxury report 2024Shaping luxurys future:Trends in U.S.luxury real estate JONES LANG LASALLE IP,INC.2024Luxury retail remains resilientdespite economic uncertainty 04Table of contents201Luxury brands expand along prime corridors and inselect malls 0802Luxury report-2024In
2、 a challenging environment,luxury brands repositionand reinvest 1603M&A activity drives growth and reshapes competition 2104Luxury travel trends:luxury retail partners with hospitality to enhance experiences 2405Considerations for the futureof luxury retail 29 06Appendix:notable storeopenings and qu
3、arterly 34luxury leasing volumes 07This report is interactive!Click on the topics to go straight to that section.To come back to this page,uselocated in the top right corner of each page.JONES LANG LASALLE IP,INC.2024Key findings31 1Despite economic uncertainty,the U.S.remains aremains a top luxury
4、market top luxury market globallyglobally,accounting for 28%of global luxury sales in 2023.2 2From the period between July 2023 to July 2024,almost half of new luxury stores opened almost half of new luxury stores opened in malls,in malls,while luxury retailers favor prime corridors for street retai
5、l.3 3Luxury brands are buying real estate buying real estate in prime corridors,relocatingrelocating to better locations,and are expanding expanding existing footprints to better establish themselves and form connections with consumers.4 4While the Tapestry Capri Holdings merger faces FTC scrutiny,r
6、ecent merger&recent merger&acquisition activityacquisition activity involving retailers such as Saks Fifth Avenue will shape the future of shape the future of luxury retailluxury retail.5 5As international arrivals international arrivals to the U.S.recoversrecovers to 2019 levels by the end of 2025,
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