France’s iconic Galeries Lafayette closed its flagship Beijing department store on Wednesday after 13 years in the Chinese capital – citing weaker spending, changing shopping habits and a slowdown in the luxury sector. Its stores in Shanghai, Shenzhen and Macau will remain open.
A steady stream of shoppers browsed for last-minute deals on Tuesday, the French news agency AFP reported, as employees packed away unsold merchandise inside the six-storey, 48,000-square metre store, located about three kilometres west of the Forbidden City.
