What: Galería Canalejas, Madrid's latest luxury shopping destination, reported EUR 100 million in sales in 2023, its first full year of operation.

Why it is important: This achievement underscores the significant impact of Galería Canalejas on Madrid's luxury retail landscape, attracting top-tier brands and shoppers alike. With an impressive sales density and a strategic location near Puerta del Sol and the Four Seasons hotel, Galería Canalejas is establishing itself as a key player in the luxury market, contributing to the city's economic vitality and global appeal as a shopping destination.

Since its opening in 2022, Galería Canalejas has quickly become a luxury retail hotspot in Madrid, generating EUR 100 million in sales in 2023. Located in a prime area and sharing space with the prestigious Four Seasons hotel, the complex boasts a sales density of EUR 30,000 per square meter. The addition of high-end brands like Dior, Giorgio Armani, Jil Sander, and Stefano Ricci, alongside established luxury names such as Louis Vuitton and Hermès, has contributed to a 31% sales increase compared to the latter half of 2022. With new brands like Escada, Marc Cain, and Tumi set to join in 2024, Galería Canalejas is poised for continued growth and success in the luxury retail sector.

Galería Canalejas stores accumulated 100 million euros in sales in 2023