Demand Continues To Soar In Luxury Retail

The luxury retail market is undergoing a transformation, with sales in the United States forecast to exceed $75 billion by the end of 2023, according to a new report. While the sector is poised for more dollars and space—luxury retailers leased 650,000 square feet in the past year—the focus is shifting away from the mass market to a small but growing audience that uniquely values quality and brand prestige. What they buy, where they buy it and where these new buyers can be found are all rapidly changing.

Malls and Men’s Role in Luxury Consumption