Luxury Retail Crisis: Brands Retreat to "Safe Haven" High Streets

Plummeting revenues and a K-shaped economy force LVMH, Kering, and others to exit secondary markets and focus on the world's most prestigious high streets.

By: AXL Media

Published: Apr 27, 2026, 7:12 AM EDT

Source: Bisnow

The "Winner-Take-All" Corridors

A December 2025 JLL report highlighted that just five corridors accounted for 80% of all luxury retail openings in 2025. These "main arteries" of American wealth are currently the only markets seeing consistent capital flow:

New York City: Madison Avenue & Fifth Avenue

Los Angeles: Rodeo Drive (Beverly Hills)

Miami: Bal Harbour & The Miami Design District

Financial Headwinds: From Slowdown to Crisis