Luxury retail shoppers and their typically higher household incomes are showing up in Sunbelt markets ready to spend and retail centers are taking notice.

No longer mostly consolidated in New York and Los Angeles, areas such as Phoenix, Austin, and Nashville are gaining in popularity, according to recent foot traffic data from Placer.ai blogger Bracha Arnold.

The luxury fashion market has been displaying resilience in the face of a challenging retail climate, Arnold writes, largely because high-income shoppers are still fairly insulated from inflationary concerns.

Want to continue reading?
Become a Free ALM Digital Reader.

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.