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Considering the period beginning in 2015 and ending in the first half of 2022, the highest number of luxury store openings in Paris, France was seen in 2016. That year, ** new luxury stores were opened in the capital city of France. In the first half of 2022, ** such stores were opened in the French city.

Parisian luxury

Often considered chic's native land, Paris is a leading city for luxury retail worldwide. Indeed, when it comes to the global fashion and luxury industry, the city ranked second worldwide in the Global Fashion & Luxury Industry Cities Index as of the first quarter of 2021. On top of that, according to the Global Fashion Cities Consumer Index, the city was forecast to become the leading city for fashion worldwide by 2030.

A luxurious street

Known worldwide for its prestige, the Av. des Champs Elysées is one of the most famous streets in Paris for luxury stores. This street ranked as the second leading luxury shopping street in Europe based on footfall, with approximately * pedestrians counted on a selected Saturday in **** when the research was conducted.