Business

Luxury retailers expanding in Boston

At the Heritage on the Garden building, Hermès is tripling the size of its store and expanding into a second floor.
At the Heritage on the Garden building, Hermès is tripling the size of its store and expanding into a second floor.Lane Turner/Globe Staff

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Stores selling luxury goods — once modest and often isolated outposts of high couture in Boston — are rapidly multiplying, with opulent showrooms to display $9,500 Chanel evening bags and $1,125 Hermès shawls.

More than two dozen high-fashion brands have opened stores in the Back Bay in the past few years, while several longtime anchors have turned small showrooms into multifloor meccas.

Their growth mirrors the surge of wealth that has flooded Boston in recent years, with stylish modern buildings where condos sell for seven figures, and restaurants that feature $62 Kobe steaks.

In just the past seven years, the number of millionaires in Massachusetts has grown by 33,000. The local financial industry has had a strong recovery, and a generation of young entrepreneurs has created a wildly successful technology scene.

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