Meta signs 10-year lease for New York flagship store

Meta has signed a 10-year lease for its first permanent flagship store on Fifth Avenue in New York City. The 15,000-square-foot, five-level townhouse sits among luxury brands like Gucci and Prada. The move supports the company's push into experiential retail for its AI glasses.

Meta began occupying the Fifth Avenue space in November 2025 with a short-term pop-up but has now committed to a decade-long lease, making it the company's second permanent flagship after Meta Lab LA opened in October 2025. Matt Jacobson, Meta’s VP and creative director of wearables, said the stores aim to build aspirational value around the brand. “We’re going to settle in and are looking to open eight to 10 more stores this year. First, in the US, but we’re now starting to consider international expansion, as well,” Jacobson told Vogue. He emphasized that the spaces celebrate community, creativity, and self-expression beyond just selling glasses. Meta plans to theme the New York store around New York skate culture from 1960 to today, offering free coffee and cookies from a Brooklyn skate shop, a 3D-printing station for custom designs on glasses cases, full-length mirrors for outfit try-ons, and demonstrations of the AI glasses' features. Jacobson noted, “Placing our flagship store alongside the brands that help define culture will distinguish Meta Lab from traditional consumer electronics retail.” The company views this as positioning its smart glasses, made with EssilorLuxottica as Ray-Ban Meta and Oakley Meta, as aspirational yet accessible. The lease reflects broader efforts by Meta to create physical experiences amid commoditized tech hardware. Jacobson described Meta as a lifestyle brand, selecting the location on Millionaires’ Row to align with cultural influencers.

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Realistic illustration of Ray-Ban Meta smart glasses amid a class-action lawsuit over privacy breaches, featuring courtroom elements and data review imagery.
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Meta faces class-action lawsuit over Ray-Ban smart glasses privacy

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A class-action lawsuit has been filed against Meta, accusing the company of misleading consumers about the privacy features of its Ray-Ban smart glasses. The suit follows a Swedish report revealing that contractors in Kenya reviewed sensitive footage captured by the devices, including bathroom use and intimate moments. Meta has confirmed using human reviewers for some data but claims privacy protections are in place.

Meta has introduced new frame styles for its Ray-Ban Meta smart glasses that support prescription lenses, starting at $499 for preorder in the US with availability from April 14. The update includes AI features for nutrition logging and message summarization, alongside expanded international availability. Additional enhancements cover Oakley models and Ray-Ban Display glasses.

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At Google's New York offices, prototypes of smart glasses demonstrated advanced features like real-time translation and app integration. These devices, blending AI assistance with wearable tech, are set to launch in 2026 from major companies. The trend signals a shift toward everyday augmented reality companions.

Meta is discontinuing its standalone Workrooms app for virtual reality meetings on February 16, 2026, amid broader efforts to reduce spending on the metaverse. The company is laying off more than 1,000 employees from its Reality Labs division and closing three VR studios. This shift prioritizes investments in AI hardware, such as smart glasses.

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Snap, the parent company of Snapchat, is launching a new subsidiary called Specs Inc. to focus on its augmented reality glasses. The move aims to advance mixed-reality Spectacles amid growing competition from Meta and Apple.

Meta has announced a multi-year partnership with AMD to purchase up to six gigawatts of custom AI chips, potentially gaining a 10% stake in the chipmaker through performance-based shares. The deal, valued in double-digit billions per gigawatt, aims to support Meta's expanding AI infrastructure across its platforms. This arrangement mirrors a similar agreement AMD made with OpenAI last year.

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Maison Margiela is holding its first fashion show outside Paris on Wednesday in Shanghai, marking a major push into China. CEO Gaetano Sciuto described the country as the brand's temporary headquarters, ahead of the event mixing ready-to-wear and Artisanal collections. The move accompanies four exhibitions across Chinese cities showcasing the house's history and philosophy.

 

 

 

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