‘The Sybarite Report 2018: The Future of the Luxury Department Store, transcendent retail and the role of design’ has been commissioned by Sybarite architects and produced in partnership with leading analyst GlobalData.
The report includes a ranking of the world’s most successful luxury department stores by sales per sq ft in 2017, alongside market forecasts, key retail trends and expert commentary and sets out to identify the most unique and successful luxury department stores in the world, exploring the challenges and opportunities these stores face in providing a shopping experience fit for the 21st century.
Of the top five retailers, three are in London, including Harrods, which is number one in the world by sales per sq ft, and this is largely thought to be due to the spike in international visitors drawn to London. ‘We commissioned the report to better understand the role of store design in creating turley transcendental retail experiences to help luxury department stores continue to survive and thrive. All the top performers in The Sybarite Report 2018 have found innovate was to become true destinations, whether that’s through spatial design, spectacular retail theatre, cultural events and collaborations, a tight edit of product or luxury services as well as boasting globally recognised, iconic archiecture’ says Simon Mitchell. Co-Founder of Sybarite.
To view the full report, please visit: www.sybarite.com/report/ .
