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Retail Expansion Fuels U.S. Luxury Brands Across The Nation

Despite gloomy economic news and viral social media videos of stores closing, there is proof that the luxury retail sector in the United States is thriving, and it's due to a wave of retail expansion. According to a recent report by the global real estate services company JLL, luxury brands are making significant strides, with more than half of new luxury stores opening their doors in the ever-iconic states of New York and California. Even more intriguing, nearly 40% of these new store leases were secured in high-end malls across the nation.