1、CONTENTS01A NEW ERA FOR RETAIL02HEADLINE RENT AND RANKING CHANGES03KEY INDICATORS AND GLOBAL RANKINGS04ECONOMIC OUTLOOK05DOUBLING DOWN ON PHYSICAL SPACE06USING DATA TO DRIVE ENGAGEMENT,EXPERIENCE AND ENHANCEMENT07EMBRACING AGILITY AS THE FOUNDATION OF SUCCESS08APPENDIX2MAIN STREETS ACROSS THE WORLD

2、2024 CUSHMAN&WAKEFIELDThe retail sector not only demonstrates remarkable resilience year after year,but also proves its ability to adapt and evolve in response to changing macroeconomic conditions and customer requirements.In our 34th edition of Main Streets Across the World,the central themes are“f

3、lexibility”and“strength,”highlighting how retailers are rising to the challenge and positioning themselves for future growth.The retail sector has been buffeted by the broader economic conditions resulting from interest rate hikes in 2022 and 2023,aimed at combating strong inflation.Implications hav

4、e included a rapid increase in the cost of living,weak consumer sentiment and sluggish economic growth.As a result of such headwinds,it is not surprising that luxury brands have experienced a notable slowdown in revenue growth from approximately 15%in 2022 to 0-4%in the current financial year.The pu

5、llback in spending in parts of Asia Pacific has had a significant bearing on this years revenue performance.However,the fact that companies continue to post overall growth reinforces many brands underlying strength.More optimistically,as the pace of interest rate cuts gathers across the world,this w

6、ill drive economic recovery and provide cost of living relief and real wage increasesall of which are significant tailwinds for the sector.Despite recent challenges,retailers across the world remain committed to the strength of having a physical retail presence in super-prime destinations as evidenc