Report: Luxury retail sales in Europe slow down, Romanian market still has room to grow
The latest Cushman & Wakefield European Luxury Retail 2025 report shows that the European luxury retail industry continued its growth in 2024, albeit at a more moderate pace compared with previous years, while Romania became an emerging…
Radu Dumitrescu · Journalist
· Updated · 2 min read
The latest Cushman & Wakefield European Luxury Retail 2025 report shows that the European luxury retail industry continued its growth in 2024, albeit at a more moderate pace compared with previous years, while Romania became an emerging luxury market with plenty of room to grow, despite the 120% growth between 2019 and 2023.
European luxury retail sales increased by 4% vs. 2023, but below the growth rates recorded in 2023 and 2022, which stood at 7% and 23%, respectively. This shows that the market has entered a phase of normalization, the report says.
