What are the largest luxury retailers in the United States (by annual revenue)?
The following chart from eMarketer gives us the answer. (NOTE: Click on the preceding link to all the firms in alphabetical form; and click on the retailer’s name to see a lot more data from eMarketer.)
For a bigger and more readable version of the chart, please click on it.
Despite the tough times that many retailers are having with their brick-and-mortar stores, there are still some highly desirable, premium retail store locations — with the rents to prove it! 🙂
As reported by Dyfed Loesche for Statista:
“When it comes to pricey retail locations, the Upper 5th Avenue in New York City is the most costly place on earth to entertain shoppers. Retailers have to pay $US 3,000 per square foot a year to present their wares to the wealthy. As our infographic shows, Hong Kong makes second place, followed by the European cities Paris and London, according to the report “Main Streets Across the World” by real-estate services company Cushman & Wakefield.”
You will find more statistics at Statista
As we have noted before, it has been a tough several years for physical U.S. stores as more shoppers head online. Thus, this is a good first question: How over-saturated with retail stores is the United States? And the follow-up questions for YOU are: How many physical U.S. stores/shopping centers do YOU think will have to close until there are no longer too many of them? Which retailers do YOU think are most likely to close physical U.S. stores in the next few years?
Consider these observations from Statista’s Felix Richter — and check out the chart below:
“According to Credit Suisse, the United States has more retail space than any other country in the world. With more than 21,500 ft² (2,000 m²) per 1,000 people, the U.S. leads similarly developed nations by a wide margin, not to speak of emerging markets. But how much is too much? Several U.S. retail chains from Macy’s to American Apparel have recently announced the closure of stores, indicating an unhealthy degree of over-saturation with retail space.”
You will find more statistics at Statista
Retailing: From A to Z 