luxury retailer expands in Oslo

Norwegians covet luxury goods than ever Louis Vuitton Monogram Vernisbefore. The Louis Vuitton store in Oslo now has the highest sales per square foot in the country, and its success is undoubtedly encourage other fashion houses that

go to the economic crisis worsened in the country capital.As be euro zone are the Norwegians inject their money classic European brands as emanate style.

Dagens N?ringsliv (DN) reported recently that the classic handbags, watches, jewelry, and other exclusive items sell very well in the Louis Vuitton store on Akersgata in downtown Oslo. Since opening six

years ago, have the profit margins increased with an increase of 50 percent since the financial crisis in 2008 and a strong 15.6 percent last year.

Christian Ringnes cathedral estates savings, Ringnes farm real estate, which owns the premises of the Louis Vuitton store, told DN Norwegians that around 70 percent of revenue is generated with only 30

percent of foreign visitors.If recovery, a growing number of designer brands will likely see in capital settle. The Italian brand Gucci, one of the most influential fashion houses in the world, has already

chosen the location of his shop. It is in March gate on a small street near the Oslo Karl Johans and is open to French fashion house Hermes as a neighbor. The clothes have no place in the Gucci store, the

focus on the luxury accessories such as handbags and watches.

The Gucci Shop presents important to win the heart of Steen & Str?m shopping in Oslo, which is also home to more customers in many local history, including stores like Burberry and Ralph Lauren, but also

less exclusive retailers such Vivikes. Hans Kristian Melbye the Jotunfjell Partners, a private equity firm that took over 4,000 square meters of retail space Steen & Str?m, told DN, it is important to have a

mix of retailers, not only exclusive brands.

Until recently, the luxury market has relatively low in Norway, but has now exploded. This may be a result of changing attitudes, increasing hedonism and rising disposable incomes.

The trend is expected to turn around some of the streets of downtown Oslo in the paradise of luxury boutiques and shops, good news for developers.

"If you have multiple players who want to come in a limited area, it is understood that the rents will increase," Mari Hektoen, Louis Vuitton new 2012fashion director at S?ylen Eiendom told DN.