"Big Apple's Luxury Retail Boom Continues: New York Leads Global Luxury Store Openings. In a significant boost to the city's status as a shopper's paradise, Savills' latest research reveals that New York has taken the top spot globally for luxury store openings in 2025, with a remarkable 23 percent increase in the number of high-end retailers setting up shop compared to the previous year. This surge in luxury retail activity is a testament to the city's enduring appeal to affluent consumers, with brands from around the world clamoring to establish a presence in the iconic Manhattan streets. As the global luxury market continues to evolve, New York's status as a retail hub shows no signs of slowing down."
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.
