Emerging markets catch up in global retail stakes: CBRE

The UK maintained its position as the world's most dominant retail destination in 2009, followed closely by the United Arab Emirates (UAE), according to the latest edition of the How Global is the Business of Retail? report by real estate adviser CB Richard Ellis (CBRE). The UK attracted 58% of all international retail brands surveyed, compared with 54% for UAE, propelling the emerging market into second place in the ranking for the first time. China also improved its position, moving up two places to enter the top five for the first time, with 47% of retailers now present there.

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