That’s according to CBRE Group Inc.’s 10th annual study of international retail expansion, which surveyed 166 cities across 51 countries regarding how many international retailers had debuted in their markets in 2016. The survey found that retailers’ expansion into new markets increased by 2% in 2016, down from 3.1% in CBRE’s 2015 study.
United States retailers were the most active by a wide margin, aided perhaps by the dollar’s strength relative to other currencies. Of all expansion at city level, 21% was by U.S. retailers. The next most aggressive were Italian retailers at 12%, and French retailers at 11%.. . . more