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Steen & Strøm, the world's oldest continuously running department store, celebrated its strongest ever quarter, with record sales and footfall. Promenaden Management, an asset management platform specialising in luxury offices and retail wholly owned by MARK, has invested significantly in improving the store's design, layout and offering, which has made Steen & Strøm a destination for both local and overseas consumers. Commenting on the Q1 trading figures, David Wilkinson, Executive Director at Promenaden Management, said: “An influx of wealthy tourists from across the world, combined with Norway’s increasing ease with conspicuous consumption, is driving a local luxury boom. Steen & Strøm, still the world’s oldest running department store, has been a prime beneficiary, as evident in our latest trading figures.  “However, this has not simply been a case of rising tides raising all boats – we have invested significantly in improving our offering and continue to do so, with new tech and fashion-based offerings due to open later this year.”  Read more in Retail & Leisure International:

Luxury #retail in Canada is undergoing a dynamic transformation, marked by a surge of high-end #brands establishing themselves and expanding across the country. Key cities such as Toronto, Montreal, Vancouver, Calgary, and Edmonton are witnessing openings of new luxury stores, more so than at any time in Canada's history.

Luxury retail in Canada is experiencing unprecedented growth, driven by rising consumer demand and global brands expanding their presence. Cities like Toronto and Vancouver are becoming key hubs for high-end shopping, reshaping the retail landscape. Learn more about Canada’s growth in the luxury market: https://ow.ly/aCF450UAOoi #LuxuryRetail #CanadaEconomy

Luxury retail in Canada is undergoing a dynamic transformation, marked by a surge of high-end brands establishing themselves and expanding across the country. Key cities such as Toronto, Montreal, Vancouver, Calgary, and Edmonton are witnessing openings of new luxury stores, more so than at any time in Canada’s history, reported Retail Insider. "The rapid expansion could create an over-saturation of luxury stores in the country. At the same time, new suburban luxury nodes are being created that will compete with more traditional urban cores." https://lnkd.in/gMaNd_bn #canada #retail #luxury

Loud vs. Quiet Luxury brands… hmm The New Year is just around the corner, and everyone is in a rush to find the perfect gifts. Shopping bags are filling up, wish lists are growing, and the excitement of the season is on its peak. Luxury brands are stepping up to show off on all displays —but have you noticed how their approaches differ? Some dazzle with loud displays, while others captivate with quiet elegance. Loud luxury is all about the sparkle. Big logos, bold designs, and eye-catching displays dominate. These brands thrive on being noticed! Think Gucci or Versace—bright, bold, and making a clear statement of status On the other hand, quiet luxury takes a more refined approach. It’s about understated elegance and timeless charm. Think about Hermes or Celine - no flashy logos, just pure sophistication. As we celebrate the season, these two approaches reflect different consumer preferences. Some embrace the joy of loud celebration, while others lean into the thoughtful elegance of quiet luxury. Curious to see the difference between quiet and loud luxury in action? Check out my latest video exploring Loro Piana’s stunning Christmas installation at Harrods and why it’s creating a buzz this season in London #LoroPianaHoliday. It’s a perfect example of how the subtlety of quiet luxury brands can truly shine. What kind of luxury resonates with you - loud or quiet? Let me know in the comments! #harrods #loropiana #harrodschristmastakeover

For the modern luxury shopper, their retail journey is increasingly occurring at a surprising location, the international airport terminal. Major luxury brands like Dior, Burberry, Gucci, and Hermès are making a renewed push into opening boutiques and pop-up stores at global airports and travel hubs. It could be because airports provide luxury brands valued face time to the younger generation of luxury buyers, Gen Z. While these consumers often feel intimidated visiting traditional luxury boutiques, the airport offers a more casual setting for them to organically experience and discover these upscale brands. What do you think is driving this change? #luxury #fashion #travel

✨ The Unspoken Luxury: Consistent Cleanliness ✨ Forget fingerprints on mirrors and dust bunnies under shelves. In luxury retail, the magic is in the details. Imagine: shoppers step into a store where every surface shimmers, the air feels invigorating, and products are perfectly displayed. This isn't just clean, it's an impeccable, elevated experience that whispers luxury. Why Consistency Matters: Luxury customers have discerning eyes. A single misplaced item or a smudge can break the spell. Consistent, high-quality cleaning is key. Our Secret Weapon: At The Business Cleaning Company, we're your secret weapon. Our trained experts deliver consistent results that meet the exacting standards of luxury retail. The Impact: Your store will exude effortless elegance, keeping customers coming back for more. Ready to Elevate Your Brand? Contact us for a FREE consultation and set a new standard for retail cleanliness! Call: 1 (800) 317-2636 Website: tbcccorp.com 🧽 ✨ ✨ ✨ ✨ ✨ ✨ ✨ ✨ ✨ ✨ #RetailCleaning #CommercialCleaning #BusinessClean #CleanBusiness #cleaninghacks #costeffectivesolutions #outyoursourcing #businesscleaning #retailsuccess #happycustomers #employeewellbeing #growyourbusiness #LuxuryRetail #RetailMagic #EffortlessElegance #CustomerExperience #CleaningExpertise #ShopLuxury #highstandards

Bal Harbour Shops "is bringing the pop-up to markets where there are prospective customers, high-net-worth individuals who have no easy access to luxury." Really interesting insights from ICSC on the world of #popup shops - this time for #luxury goods. Could pop up shops to capitalize on gaps be the answer for retailers? 🤔 #shop #retailers #CRE #ICSC