Luxury Retail Sees Surge in New York: Savills' Latest Research Reveals City's Dominance New York has solidified its position as a global hub for high-end shopping, with a staggering 23% increase in luxury store openings in 2025, according to the latest research from Savills. The city's allure to luxury brands continues to grow, as they seek to capitalize on the city's affluent consumer base and reputation for style. As a result, New York has taken the top spot globally for luxury store openings, surpassing other major fashion capitals. This surge in luxury retail is expected to have a significant impact on the city's retail landscape, with many expecting it to become even more competitive in the years to come.
According to Savills' latest research, New York was the top location globally for luxury store openings in 2025, with the number of doors rising 23 percent compared with the previous year.
