[photopress:International_retailer.gif,full,alignright]China is the world’s ninth most international retail market, according to a new study by CB Richard Ellis. The report entitled ‘How Global is the Business of Retail’ ranked the UK, Spain and France as the first, second and third most attractive places respectively. China is the only Asia Pacific country in the top 10 and it ranked just before Russia which was in 10th place and the US in 11th.
The study also reported that luxury goods dominated international retail expansion with almost 90% having a presence in over 10 markets. This compared to food and drink which had a 60% presence and clothing, footwear and accessories 54%. (But it did note that many of the luxury goods brands were clothing ranges).
Bryn Davies, Executive Director of CBRE Greater China, said, ‘One of the most exciting things to watch in the global retail landscape is the growth and influence of the BRIC emerging markets (Brazil, Russia, India and China)’. He noted that most of China’s international retail activity is growing around first-tier cities Beijing, Shanghai and Guangzhou.