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Luxury store openings spike as supply demand imbalance nudges competition

Europe sees push driven by fashion and accessories brands
<i>The Passeig de Gracia in Barcelona. Spain. (Getty Images)</i>
The Passeig de Gracia in Barcelona. Spain. (Getty Images)
CoStar News
March 23, 2026 | 2:04 P.M.

The luxury retail sector in Europe has weathered broader industry stressors, recording a rapid increase in store openings, more market participation outside the main global luxury brands and growing pressure on high‑street retail space, new data shows.

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News | Luxury store openings spike as supply demand imbalance nudges competition