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French luxury giant Galeries Lafayette shuts Beijing flagship store
The French group has made it clear that it is not leaving the Chinese capital for good, as it now plans to focus on brands and products better aligned with the new expectations of Chinese consumers.
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france24.com
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.…
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Frugal and more online: smarter spenders rewrite luxury's China dream
When Beijinger Jacqueline Li first heard one of her favourite luxury department stores in the city was closing, she was shocked -- until she considered how Chinese spending habits…
