Thirteen Pen Street.">

Cookie banner

This site uses cookies. Select "Block all non-essential cookies" to only allow cookies necessary to display content and enable core site features. Select "Accept all cookies" to also personalize your experience on the site with ads and partner content tailored to your interests, and to allow us to measure the effectiveness of our service.

To learn more, review our Cookie Policy, Privacy Notice and Terms of Use.

or
clock menu more-arrow no yes

Filed under:

London's Shopping Beats Out Dubai, NYC: Report

J.Crew London. Image via <a href="http://13penstreet.com/2013/11/15/j-crew-london-is-open/">Thirteen Pen Street</a>.
J.Crew London. Image via Thirteen Pen Street.

Racked is no longer publishing. Thank you to everyone who read our work over the years. The archives will remain available here; for new stories, head over to Vox.com, where our staff is covering consumer culture for The Goods by Vox. You can also see what we’re up to by signing up here.

A new report from CBRE, the world's largest commercial real estate services firm, concludes that London outranks every other city on the globe in terms of indie boutique and chain store shopping. Coming in second is glittery Dubai; New York City and Moscow are tied for third.

"Despite high rental levels, a fiercely competitive market and a lack of available prime space, London continues to attract retailers from around the world," reads the report. Last year, J.Crew, Isabel Marant and Tom Ford all opened stores in the city and 55% of all retailers have a location there.
· London 'is world's leading retail brand city' [Design Week UK]
· J.Crew's First UK Flagship Opens This Friday [Racked]
· Sorry Statesiders: Victoria Beckham's Store Will Open in London [Racked]