Italian menswear brands are investing in retail and experience in stores, while also banking on increased tourism, especially from the U.S.
Physical retail continues to be paramount for fashion brands and their appetite to invest in real estate assets will remain strong.‘s inaugural European Luxury Retail report, issued last month. Also according to the American real estate services firm, fashion companies accounted for more than 40 percent of retail floor space leased across Europe in the first half of 2023. Fashion also accounted for the largest share of leases for bigger spaces — larger than 11,000 square feet — in the period.
“North Americans are very important for the group and even more for Zegna. They are growing double digit domestically and also abroad and Italy is one of their preferred destinations,” Zegna said. “We have important stores in summer and winter resorts as well as in key airports, which are recording sound double-digit-growth performances, not only but also with the Americans.”
“This growth more than compensated the delay of the full recovery of Chinese travelers” — now standing at a 62 percent rate. This is a “fundamental” cluster for tax-free shopping and Italy, continued Rizzi, has “always been one of their favorite shopping destinations. We hope to see a full recovery by the end of the year.
Following the renovation of the Milan store in Via Verri, which was unveiled during the city’s Salone del Mobile in April with an expansive garden and lounge, the company will remodel its Beverly Hills store between the end of 2024 and 2025. Not only is the atmosphere in America “very positive,” but Cucinelli also sees Italy as increasingly attractive for American tourists. in Penne, in the central region of Abruzzo, historically a production hub that specializes in sartorial menswear. It will be completed in spring 2025 and will employ around 350 artisans.
“The attention will be on protecting the growth the positioning and the image of the brand,” said Brandazza, adding that the Italian lifestyle is “perhaps taken for granted but an asset that is very much appreciated by foreign markets, in particular Asia.”
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Nintendo plans to open store in San Francisco's Union Store in 2025The video game giant Nintendo on Friday announced plans to open a store in San Francisco, only the company's second store in the U.S. following one that opened in New York City.
Read more »
Wayfair's Wilmette store opening: From online to in-store shopping and diningWayfair is marking a significant shift from digital to brick-and-mortar retail with the opening of a store in Wilmette.
Read more »
Police Seize 134 Fiat EVs Over Italian Flag As Government’s Beef With Stellantis GrowsThe Italian government entered in a beef with Stellantis in regards to Italian labeling
Read more »
Emergency prep kit for a hurricane: Dollar store vs. grocery store cost comparisonsDiscover the cost-effective way to prepare for a hurricane with this insightful comparison between dollar stores and grocery stores.
Read more »
Huawei opens a flashy store across the street from the Apple Store in this citySebastian, a veteran of a tech writer with over 15 years of experience in media and marketing, blends his lifelong fascination with writing and technology to provide valuable insights into the realm of mobile devices.
Read more »
PHOTOS: A sneak peek inside Wilmette's massive Wayfair store opening next weekThe Wilmette Wayfair store is the online retailer's first-ever brick-and-mortar store.
Read more »