Part 3/8:
Traveling down Old Bond Street and observing the space once filled with glittering jewelry and high-end apparel, it’s clear that a sizable part of the luxury retail market is at a turning point. Although some high-profile brands remain, including newly opened Ferrari boutiques, numerous vacant units dominate the landscape. The discussion turns to the retail climate as statistics unfold; an alarming rate of 36 stores closing per day in the UK paints a grim picture.