American suitmaker Brooks Brothers will begin a nine-store rollout in early February, joining a growing list of famous retail brands expanding in Australia, The Australian Financial Review has reported.
The rollout for Brooks Brothers will begin with stores in Melbourne and Sydney, with the group far from the last in a long line of fresh faces in Australia’s retail sector, according to Knight Frank retail leasing director Gary Loo.
“There are plenty more deals like this which are already in train,” Mr Loo told the AFR, adding that incentives would soon fall as rents rise.
Among the high profile recent entries are Spanish-owned Zara and Japanese brand Uniqlo. Other retail giants with significant local expansion plans include Costco, Aldi and Daiso.
The report suggested the trend would continue through the new arrivals, or local expansion, of brands including Banana Republic, Cartier, Breitling, Rolex and Abercrombie and Fitch, among others.