Breakdown of global luxury new store openings 2023, by region

Published by
Tugba Sabanoglu,
Jul 31, 2024

Compared to the year before, just over 40 percent of luxury store openings in the world was centered in China in 2023. North America and Europe accounted for a combined 35 percent of luxury openings that year. In the Middle East, new luxury stores only contributed three percent of all luxury store openings that took place worldwide.

Distribution of luxury new store openings worldwide in 2023, by region

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Release date

May 2024

Region

Worldwide

Survey time period

2023

Supplementary notes

Figures are comparisons to 2022.

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Statistics on " Luxury goods in Europe "

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Market overview

8

Luxury segments

7

Leading European luxury brands

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Consumer behavior

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