According to a recent report by consulting firm Mintel, global luxury men’s wear sales in 2016 will reach 18,036 billion dollars compared with 15,971 billion dollars in 2012.
Major international luxury fashion brands including Dior, Ralph Lauren, Gucci and Dolce & Gabbana are pursuing development of men’s only stores both in mature and emerging markets.
The most recent inauguration is Dolce & Gabbana‘s second men’s only flagship store in London located in New Bond Street, following its men’s only store opening on Milan’s Corso Venezia.
At the end of this month, Gucci is set to open its largest men’s only store in Milan’s Brera district, which will feature a tailoring corner in collaboration with Lapo Elkann as well as an Americano bar.
Prada is scheduled to open its brand new men’s only store in Milan’s Galleria Vittorio Emanuele this summer, the first phase of its 5,000 square-metre mega-store scheduled to open in its entirety by the end of the year. The new Prada store will coincide with the re-opening of its refurbished men’s store on Via Montenapoleone.
Earlier this month Ralph Lauren celebrated the opening of its largest men’s only store in Hong Kong, Asia, featuring a Made to Measure salon and a fully serviced bar and lounge.
Last year, Alexander McQueen opened its first ever men’s only store on London’s Savile Row, with a special focus on tailoring and bespoke services.
Hermes opened its first men’s only store in New York two years ago and is scheduled to open its second men’s only store in Milan on Via Montenapoleone in October 2014.