No matter how much money we have, no matter how much we and our business suffered during the recession, we always want to look good, buy goods of high quality and have as many choices as possible. Tourism-Review.com brings you the top 10 shopping capitals of the world, according the CBRE, the research and consulting company. Which cities have the highest percentage of top retailers?
TOP 10 SHOPPING CAPITALS OF THE WORLD
Chris Grad
- Feb 1, 2010
10. Tokyo
Top retailers 38.68%
Tokyo is well known for its fashion and people living in Tokyo are said to be obsessed with top brands. You can find here mass retailers like Uniqlo and boutiques such as Boutique W as well as Side by Side, a clothing store established by the stylist Nicola Formichetti that also showcases the work of emerging artists.
9. Barcelona
Top retailers 39.09%
Barcelona has its fair share of high street stores including Zara as well as the more mature Cortefiel. Designer’s shops including Chanel and Cartier are also to be found there. The shoppers will really appreciate lesser known shops such as luxury designer boutique Jean-Pierre Bua that sells brands such as Jean Paul Gaultier – and Le Shoe.
8. Munich
Top retailers 39, 92%
Munich is the third largest city of Germany and attracts shoppers from all over the world. Brands like Brioni, Armani and Cerruti 1881 and Polo Ralph Lauren attract shoppers from near and far. If you look for something really German, go to Marienplatz and get your own Bavarian costume.
7. Berlin
Top retailers 40.33%
The capital of Germany is also the shopping capital of this European country. Department stores such as Galeries Lafayette and fashion-forward boutiques like The Corner attract masses to spend their money here.
6. Moscow
Top retailers 42, 39%
Moscow is considered to be the most expensive city in the world and if you look for luxury Moscow is the right place to go. Le Form is a shop that carries many brands with complimentary aesthetics as well as international favorites such as Derercuny, Maison Martin Margiela and Dries Van Noten. Mass brands like Gap, Zara and H&M have also expanded to the city.
5. Madrid
Top retailers 44.03%
Madrid is the capital of Spain and serves as home to many of the world's top brands, including Adidas, Loewe and mass mainstay H&M. Local favorites such as Agatha Ruiz de la Prada and Desigual are also to be found there.
4. Dubai
Top retailers 45.68%
Dubai is known for its endless shopping malls including Mall of Emirates, Wafi Shopping Mall and Villa Moda housing designer shops like YSL, Gucci, Prada and Louis Vuitton.
3. New York
Top retailers 46.91%
New York is beloved for its department stores such as Bergdorf Goodman and Barneys both situated in Midtown. Funky boutiques such as Crave, Aloha Rag and What Comes Around Goes Around in SoHo, are also typical for this city. Of course every top retailer under the sun seems to have a presence in N.Y.
2. Paris
Top retailers 49.79%
Paris, the capital of France, is considered to be the most stylish city in the world. It is also home of the world's most well-dressed artists, stylists and designers. Maria Luisa, Colette and L'Eclaireur are the best known multi-brand boutiques in the world. Palais Royal is the latest hot shopping spot which hosts boutiques such as Stella McCartney, Rick Owens and Corto Moteldo.
1. London
Top retailers: 59.26%
London is with its High Street the capital of the world’s shopping. The city hosts more than half of the world’s shop retailers, including the young and trendy Topshop as well as high end department stores such as Liberty of London and Harvey Nichols. Comme des Garçons designer Rei Kawakubo's Dover Street Market is a boutique that focuses on hard-to-find designers such as Anne Valerie Hash. Labour of Love stocks little-known labels such as Louis Amstrup.
Brought to you by Tourism-Review.com, the tourism news provider for the travel trade community worldwide. Visit www.tourism-review.com.
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I find it very interesting when I look at your list of top 10 shopping places in the world.
Especially London being the top spot...the financial press would have us believe that the UK is in more economical strife than the USA.
And what about the 20 year recession that Japan has endured.
I guess where there is money there is way to spend it.
Wonder what this list would like like in 5 years if the economies of the world fail to recover any time soon?
John C Spark