On February 6, Skims, the shapewear and apparel brand co-founded by Kim Kardashian, opened a new flagship store in Chicago’s upscale Gold Coast neighborhood.
Retail
On January 28, Allbirds, a footwear brand known for its use of sustainable materials, announced plans to streamline its operations as part of a strategy to achieve profitable growth.
On January 27, Phia, an AI shopping agent co-founded by Phoebe Gates, the daughter of Bill Gates, announced that it has raised $35 million in a Series A round, valuing the company at $185 million.
French haute couture maison Schiaparelli has opened its first permanent salon in Asia at Landmark Prince’s Building, a premier luxury complex in Hong Kong’s Central district.
The world’s largest retail industry conference, NRF Retail’s Big Show 2026, has opened in New York. On the first day, the world’s largest luxury group, LVMH, took the stage under the theme “The Fusion of Craft and Intelligence,” presenting its vision for luxury in the age of AI—not as a set of tactics, but as a guiding philosophy.
As financial uncertainty deepens at Saks Global, one of the world’s largest multi-brand luxury retail groups, Italian luxury brand Brunello Cucinelli has made clear that it will continue to stand by its department store–focused wholesale strategy, Reuters reports.
Louis Vuitton, one of the world’s leading luxury brands, has opened a new flagship store, Maison Louis Vuitton Sanlitun, in Beijing’s Sanlitun district.
Saks Global, a U.S.-based luxury department store group, has reached a critical crossroads in its restructuring efforts.
On December 22, SKIMS, the U.S.-based shapewear and lifestyle brand co-founded by Kim Kardashian, opened its first permanent store in the Middle East.
Luxury maison Bottega Veneta, part of the Kering group, opened a new boutique in New York’s Meatpacking District on December 13. The store is located at 58 Gansevoort Street.