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World's Top Shopping Capitals Bookmark and Share  
 
  Author Name : Ritu Srivastava Posted on : August-30-2009 Total Hits: 6369
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The effect of recession has been hitting the retailers’ sale market everywhere. According to the Commerce Department, the US retail sales have been decreased of 9%, to $342.1 billion. Though the industry has been facing recession, but Saks Fifth Avenue, Gap and H&M’s have opened stores globally over a year. One of the most major reason to expand the business, as the industry has been saturated in their on country and planning to capture overseas market. Most of the consumers are from Hong Kong to Hamburg.

This year in April 2009, the world's leading fashion brand, Topshop has finally reached to New York. Similarly, Philadelphia based headquartered, Anthropologie is ready to open its first store at London's Regent Street in Europe by the end of this year 2009. In this article we are trying to covering the renowned world shopping capitals.

London

London’s high street road is shopping meccas, who are shopping freaks. There are more high streets that anyone can count, so it is not surprising that it hosts more than half of the world’s top retailers including young and trendy Topshops as well as high-end department stores like Liberty of London and Harvey Nichols.  If you are looking for best retailers, then London is the best option for you, because around 59.26 percent of the world’s biggest and best stores are open for business in the city. It covers top-notch all big brand from Westbourne Grove to Shoreditch. For instance, Comme des Garçons designer Rei Kawakubo's Dover Street Market in Mayfair features hard-to-find designers like Anne Valerie Hash; Labour of Love in Islington stocks little-known labels such as Louis Amstrup.

Parris

More than 49.79 percent of the high brand designers in the world have opened their stores in Parris. Although they are very selective but most popular French designers, who show their collections during the city’s Fashion Week. Palais Royal is the first arrondissement, which hosts boutiques such as Stella McCartney, Rick Owens and Corto Moteldo. If you are fashion specialist, then visit designer Isabel Marant's boutique in the Marais to add some Parisian ease to their wardrobe. The latest hot shopping spot, however is the Palais Royal, which hosts boutiques such as Stella McCartney, Rick Owens and Corto Moteldo.

New York

Another popular shopping destination is New York with more than 46.91 percent world’s top retailers. Saks, Barneys, Macy's, Bloomingdales and Bergdorf Goodman are some of the biggest fashion department stores.  New York is, and always has been, the working centre of the fashion industry in North America.

Tokyo

Tokyo is one of the undisputed fashion capitols on the planet, and that means that there are a ton of cool shops scattered around the city. It is impossible to see every shop in Tokyo with more than 38.68 tourists visit Tokyo every year. There are certain areas that are cool and well known for cutting edge fashion – Aoyama, Harajuku, Shibuya, Shinjuku, Daikanyama, Nakameguro – and then there is the rest of Tokyo, and points beyond – Chiba, Yokohama, Saitama, etc. There are so many different fashion styles and brands and sub-brands and fashion designers in Tokyo that you could spend your life wandering and never get bored – and that’s not a bad thing. With some of the most unique street fashion in the world, one of Tokyo's biggest draws is its bevy of stores. These include mass retailers like Uniqlo and one-off boutiques such as Boutique W--which stocks Belgian designer Ann Demeulemeester--as well as Side by Side, a clothing store launched by international stylist Nicola Formichetti that also showcases the work of emerging artists.

Other popular shopping destinations include Dubai in UAE, Moscow in Russia, Beijing and Hong Kong in China. Dubai is ranking No 4 on the world’s shopping capital by boasting 45.68% of top retailers. Wealthy shoppers in the Middle East love Dubai for its endless sea of malls, including Mall of the Emirates, Wafi Shopping Mall and Villa Moda, chockfull of designer shops like YSL, Gucci, Prada and Louis Vuitton. Many retailers open up shops in Dubai through franchisee agreements. For example, by 2010, American department store Bloomingdales will be open for business in the city through a partnership with the Dubai-based Al Tayer Group.

Around 50 new millionaires emerge everyday in Beijing and Hong Kong in China. Although oft-considered less-cosmopolitan than Shanghai, Beijing has a broad spectrum of retailers that includes department store Lane Crawford Shanghai Tang--which stocks Western clothes with an oriental flair--and the Place Mall, home to 40-plus luxury boutiques including Givenchy, Prada and Stella McCartney.

However, brand names still lack a real presence in cosmopolitans within India and Brazil. That's because these countries have stricter rules when it comes to foreign retailers operating businesses within their cities, regardless of whether or not it's through a franchise agreement. Both India and Brazil have strong domestic retail and luxury industries and don't want to cannibalize those sales.  

 

 
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