Source: JLL Research

Figure 2: Number of total stores of 20 selected luxury brands in major cities of mainland China

• The hardware of many existing malls is less than ideal for luxury retailers, such as small and irregular floor plates, flawed flow design and poor store visibility.
• Many luxury mall developers like Wharf Holdings or Hang Lung Group have not yet entered the Guangzhou market. Neither have foreign luxury department store brands such as Galeries Lafayette or Printemps.
• Guangzhou is also short of an innovative retail format with superb design and suitable positioning.