• Holiday Shopping and Luxury Retail Trends - Where We Buy #312

  • Oct 18 2024
  • Length: 23 mins
  • Podcast

Holiday Shopping and Luxury Retail Trends - Where We Buy #312

  • Summary

  • Hosts James Cook, Keisha Virtue, and Saul Lua dive into recent insights from two reports on holiday shopping and luxury retail trends. With inflation concerns lingering, the discussion reveals that holiday spending is anticipated to rise by 31.7% this year, with a focus on experiences such as dining out, movies, and visits to attractions. Shoppers are embracing in-store visits more, particularly to malls and department stores, while social media's role in gift planning has intensified, with platforms like Facebook and Instagram leading the charge. The conversation also covers luxury brand strategies, highlighting that new store openings are concentrated in malls and prime urban retail corridors, with New York City being a key focus area. Despite a slowing growth trend, the luxury market remains significant, driven by Gen Z and Millennials' increasing spending power and interest in unique, personalized experiences.

    James Cook, Keisha Virtue and Saul Lua are retail researchers for JLL.

    Subscribe: Apple Podcasts | Spotify
    Listen: WhereWeBuy.show

    Email: jamesd.cook@jll.com

    Watch our video show, Everything We Know About Retail: http://everythingweknow.show/

    Leave a message on the Where We Buy hotline. We may use it on an upcoming show. Call (602) 633-4061

    Read more retail research here: http://www.us.jll.com/retail

    Theme music is Run in the Night by The Good Lawdz, under Creative Commons license.

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