Top 10 cities for new luxury retail stores globally

Top 10 cities for new luxury stores globally - Portugal Business News

News Luxury Retail - Here are the Top 10 cities for new luxury retail stores globally, according to a report by Savills published on May 7, 2026:

What are the the Top 10 cities for new luxury retail stores globally?

Here is the ranking on the Top 10 cities for new luxury stores globally showing luxury retail trends:

1 - New York

New York ranks No. 1 city in the ranking on the Top 10 cities for new luxury stores globally.

North America emerged as the leading region globally for new luxury store openings in 2025, accounting for 27% of total activity. This shift signals a broader recalibration in brand expansion strategies, with renewed emphasis on cities that combine scale, depth of wealth and long‑term strategic relevance within global luxury networks.

New York was one of only a small number of cities globally to record an increase in new store activity over the year, with openings rising by 23% year‑on‑year in 2025. This acceleration reflects a deliberate focus on markets with a high concentration of ultra‑high‑net‑worth individuals (UHNWI), a consumer segment that continues to underpin luxury sales performance and is expected to remain a key driver of growth over the medium term.

New York's prime luxury retail avenues are Fifth Avenue and Madison Avenue, with 56% of New York’s openings located along these two established luxury destinations.

2 - Beijing

Beijing ranks 2nd in the ranking on the Top 10 cities for new luxury stores globally.

3 - Paris

Paris ranks 3rd in the ranking on the Top 10 cities for new luxury stores globally.

Several of Europe’s premier global luxury retail cities, including Paris and Milan, recorded a rising trend in new store openings in 2025. This strengthens the depth of brand appetite for a concentrated group of major luxury markets for both domestic and international luxury shopping. New luxury store openings in Paris and Milan increased by 14% and 86% respectively.

4 - Bangkok

Bangkok ranks 4th in the ranking on the Top 10 cities for new luxury stores globally.

5 - Milan

Milan ranks 5th in the ranking on the Top 10 cities for new luxury stores globally.

6 - London, Los Angeles & Miami

London, Los Angeles and Miami all rank 6th in the ranking on the Top 10 cities for new luxury stores globally.

London registered 42% of new luxury store openings in 2025 and the city's main luxury retail avenues are within Mayfair, Knightsbridge and Chelsea, with the upsizing of stores, either through expansion within existing locations or relocation to larger premises, that represents the highest proportion among the top five global luxury cities.

7 - Tokyo

Tokyo ranks 7th in the ranking on the Top 10 cities for new luxury stores globally.

8 - Shanghai

Shanghai ranks 8th in the ranking on the Top 10 cities for new luxury stores globally.

9 - Hong Kong

Hong Kong ranks 9th in the ranking on the Top 10 cities for new luxury stores globally.

10 - Singapore

Singapore ranks 10th in the ranking on the Top 10 cities for new luxury stores globally.