Toronto Named ‘Hottest Retail Market in the Americas’
A recent CBRE report names Toronto as the ‘hottest’ market for international retail expansion in the Americas, attracting 25 new international brands in 2014. It’s a remarkable feat, considering Toronto beat out cities such as Los Angeles, New York City, Mexico City, Buenos Aires, and others. We spoke with a retail expert to get her opinion.
The CBRE report, called “How Global is the Business of Retail“, tracked new brands entering 164 cities in 50 countries. The report found that U.S. retailers are the most active when expanding into global markets — in 2014, American retailers accounted for 26% of all cross-border expansion. Italian retailers were second at 14%, following by U.K.-based retailers at 11% and French retailers with 10% of all cross-border expansion… Read the rest of the article through our friends @Retail – Insider