TOP 10 FASHION CAPITALS OF THE WORLD

LONDON, ENGLAND

Big things are happening in London. When it comes to shopping in London, there is a lot of variety, according to McKinney. There is also plenty of British "quirk" to be found.

NEW YORK, USA

From designer labels on Fifth Avenue to knock-offs in Chinatown, there are plenty of choices for those who want to spend a little, or a lot, of cash. "New York City is known for being a melting pot," Panella said. "That hits it on the head when it comes to shopping areas in the city."

PARIS, FRANCE

When people think couture, Paris is the city that usually comes to mind. In this European shopping mecca, fashionable stores inhabit beautiful neighborhoods, and stylish people not only strut down catwalks, but the Parisian streets.

MILAN, ITALY

No list of best cities for shopping would be complete without Milan. Virtually every fashion house in the world has a location in this Italian city. There are even guided shopping tours arranged for tourists looking to do a little browsing. With all those choices, even the most serious shopper can get overwhelmed. What Tobe Report finds most compelling are the stores with special interests that have a "well-curated range of brands."

LOS ANGELES, USA

Tourists flock to Los Angeles for its warm weather and beaches, thanks to the 320 days of sunshine a year the city gets. In fact, L.A. experienced an all-time record for tourists in 2011, with 26.9 million people paying the city a visit. And then there's the shopping. This large, spread-out city provides a lot of choices when it comes to spending. "L.A. is very much a mall culture," Lan said. Many were built in the 1960s and '70s, but in 2010, Santa Monica Place was renovated and reopened. It has become the anchor mall in the Santa Monica beach area.

HONG KONG, CHINA

Hong Kong is all about luxury, convenience and exclusive merchandise, according to Tobe Report editor Amy Lan. The city has seen an explosion in tourism, with 42 million visitors taking in Hong Kong in 2011. That's a 16.2 percent increase from 2010. And those tourists are shopping. Most of those who visit Hong Kong are from mainland China, and Lan says they're looking to buy luxury goods at a lower cost.