French Luxury Store Closes Beijing Flagship After 13 Years
Galeries Lafayette has closed its flagship Beijing store after 13 years, citing weak consumer spending and changing shopping habits in China. Shoppers sought final bargains as the store's merchandise was cleared out.
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.