GITNUX MARKETDATA REPORT 2024

Statistics About The Most Expensive Store

The most expensive store is known for its high prices and attracts customers interested in luxury items.

Last Updated: June 23, 2024

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In this post, we will explore the world of high-end luxury retail, where exorbitant prices and exclusive offerings are the norm. From Paris to Hong Kong, we will take a closer look at the most expensive stores around the globe and the jaw-dropping statistics that come with them. From daily rents soaring as high as $11,000 to single items fetching hundreds of thousands of dollars, prepare to be amazed by the extravagant world of luxury shopping.

Statistic 1

"Paris' Avenue Montaigne, known for high-end fashion stores, has daily rents as high as $11,000."

Statistic 2

"The most expensive single item sold at Harrods was a $660,000 crystal-studded bathtub."

Statistic 3

"Melrose Avenue in Los Angeles has some of the most expensive boutiques with items often exceeding $5,000."

Statistic 4

"The Emporium Mall in Bangkok is renowned for luxury goods, drawing around 2 million visitors a month."

Statistic 5

"Bergdorf Goodman’s most expensive item once included a $6.5 million dress."

Statistic 6

"A wine case sold at Burj Khalifa’s Atmosphere restaurant (at the Dubai Mall, home to many luxury stores) went for $195,000."

Statistic 7

"European luxury retailer Neiman Marcus sold a $300,000 Fantasy Gift in its annual Christmas Book."

Statistic 8

"Beverly Hills’ Rodeo Drive features stores that regularly carry $50,000+ items."

Statistic 9

"Sydney’s Pitt Street Mall is among the top 10 most expensive retail spaces globally, with annual rents nearing $10,000 per square meter."

Statistic 10

"London's Harrods is often cited as one of the most expensive stores in the world."

Statistic 11

"Shanghai's Plaza 66 is known for housing luxury brands like Chanel and Gucci, with individual items priced up to $20,000."

Statistic 12

"Zurich's Bahnhofstrasse is one of the most expensive retail locations, with store rents around $13,000 per square meter/year."

Statistic 13

"Harrods' annual revenue surpasses $1 billion."

Statistic 14

"Tokyo’s Ginza Six has an annual visitor count of over 20 million, featuring high-end luxury stores."

Statistic 15

"New York City's Bergdorf Goodman, another high-end store, generates nearly $600 million in annual sales."

Statistic 16

"New York's Saks Fifth Avenue regularly carries items priced over $10,000."

Statistic 17

"The oldest luxury store, Florentine jewelry shop "Il Bisonte" offers bags costing up to $2,000 each."

Statistic 18

"Stockholm’s Birger Jarlsgatan is among Europe’s most expensive shopping streets with the highest concentration of luxury shops."

Statistic 19

"Milan's Quadrilatero d'Oro district has some of the highest rental rates for luxury retail space, at around $15,000 per square meter/year."

Statistic 20

"Hong Kong's The Landmark is home to several luxury boutiques, with annual sales reaching $1.2 billion."

In conclusion, the statistics portraying the exorbitant prices and opulence within the world’s most expensive stores paint a clear picture of the luxury retail landscape. From Paris to Bangkok, Los Angeles to Sydney, these high-end shopping destinations boast staggering rents, record-breaking sales figures, and eye-watering price tags attached to their most coveted items. Whether it’s a crystal-studded bathtub, a multi-million-dollar dress, or a wine case fetching nearly $200,000, the allure of luxury retail continues to thrive in global fashion capitals, attracting high-spending clientele and setting unprecedented standards for extravagance in the retail industry.