Luxury retail is evolving to meet the growing expectations of consumers, despite global economic challenges.
According to the Altagamma Observatory 2025, the global luxury market is expected to reach €1.52 trillion, with an annual growth rate between 0.5% and 2%. Technological innovation in retail spaces and a focus on sustainability continue to be central, reinforcing the importance of the shopping experience in maintaining the allure of brands.
Luxury stores are recognizing that they cannot rely solely on their brand name, especially with younger audiences. Customers are seeking more from their shopping experience, with brands adding art galleries, restaurants, events, digital experiences, art installations, and more to their physical stores.