Galeries Lafayette Closes Beijing Store After 13 Years
French luxury department store Galeries Lafayette has officially closed its doors in Beijing after 13 years of operation. The closure comes amid weakening consumer spending in China's luxury market.
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French luxury store shuts Beijing flagship after 13 years as China spending weakens
French luxury retailer Galeries Lafayette closed its flagship Beijing store on Wednesday after 13 years, underscoring weak consumer spending and changing shopping habits in China. Shoppers snapped up final bargains as staff cleared unsold goods and dismantled displays at the six-floor department store before its indefinite closure.
By FRANCE 24
Read full article →French luxury store Galeries Lafayette shuts doors in Beijing after 13 years - The Straits Times
French luxury store Galeries Lafayette shuts doors in Beijing after 13 years The Straits Times
Read full article →French luxury department store shuts doors in Beijing after 13 years
Major French luxury department store Galeries Lafayette closed its first China flagship branch on Wednesday, over a decade after opening, pointing to sluggish domestic consumption and shifting spending habits. A steady stream of shoppers browsed for last-minute deals as employees packed away unsold merchandise and mannequins on the penultimate day of Galeries Lafayette operations in […]
By AFP
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