French luxury retailer Printemps has opened its first U.S. store in New York City’s Financial District. The 55,000-square-foot store spans two floors and features a unique mix of popular luxury brands and rare French brands, with about 25% of its brands not available or rare in the U.S. The store’s design, inspired by a Parisian apartment, includes creative merchandise displays and food concepts like a restaurant and a café with French pastries. A highlight is the Red Room, an Art Deco-style space restored by Printemps and turned into a “shoe forest” with a nearby bar. The global luxury industry is projected to grow 1% to 3% annually through 2027, a significant slowdown from the 27% jump in global luxury spending from 2020 to 2021. In 2024, global luxury spending across goods and services totaled an estimated $500 billion. Despite the slowdown, Americans are the third-largest spenders for Printemps, with sales to American customers tripling from 2019 to 2024.
Aniza
@OBecky07
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Mar 18 Chanel ranked 46/500 ,Chanel takes the lead among French luxury brands. One of the top brand in the world
Your fav brand can’t relate HAHAHAHAHA!
Yasmine Khosrowshahi
@yasminekho
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Feb 21 This one man alone runs the world’s most luxurious brands—but no one talks about him.
With a whopping $351 billion market cap in 2025, Chanel & Hermes envy their success.
Here’s the full story of Bernard Arnault & how he built his luxury empire:
CraveInvestor
@ThorntonTrading
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20h The three luxury giants, LVMH and Kering of France and Richemont of Switzerland, accounted for 31% of global personal luxury goods sales in 2023, up from 19% in 2014.
RETAILBOSS
@retailboss
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Mar 21 Luxury groups Richemont ($22.4B) and Kering ($21.2B) complete the power circle, with Cartier, Gucci, and Saint Laurent driving growth through digital innovation and sustainability.
ICSC
@ICSC
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Mar 18 #InTheNews:
@BinkleyonStyle
wrote for
@voguebusiness
about the evolution of luxury retail, as French department store
@Printemps
comes to NYC. Printemps is leaving behind the traditional shop-in-shop model, opting for a boutique feel and a fine dining experience, catering to the
@BeckyGang
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15h LVMH, the world’s largest luxury goods company, owns iconic brands like Louis Vuitton, Dior, Moët & Chandon, and Sephora. #LVMH #LuxuryEmpire
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