Department Stores - France - April 2018
“The French department stores are heavily reliant on their Parisian flagship stores and on tourists. As a result they were hit hard by the downturn in foreign visitors that followed the terrorist attacks in Paris (November 2015) and Nice (June 2016). The format is much less important to retailing than in other countries, such as Germany, the UK and Spain, accounting for only 1% of all retailers’ sales. The opening up of Sunday trading in tourist zones, an uplift in tourism and ongoing investment in stores and their luxury positioning should continue to boost sales going forward.”
– Natalie Macmillan, Senior European Retail Analyst
This report looks at the following areas:
- Solutions for provincial stores
- The implications of Galeries Lafayette’s acquisition of La Redoute
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