Galeries Lafayette opens new outlets

Galeries Lafayette opens new outlets

One year after the opening of its first outlet on the outskirts of Paris, French luxury department store chain Galeries Lafayette announces the arrival of an additional 5 stores within the next two years.

Up to 70 % discount

The first two new outlets have to open around New Year: an 800 sqm store in outlet center Marques Avenue de la Ségnuinière (Maine-et-Loire) should open before the end of the year and a 1,000 sqm store in Naillout Outlet Village (Haute-Garonne) will follow soon after in 2016. Both outlets will sell brand clothing and accessories from the previous fashion season, with discounts from 30 up to 70 %. The items come from Galeries Lafayette's three stores in Toulouse, Nantes and Angers.

 

The luxury retailer has the "ambition to open another three outlet stores in France within the next two years", bringing the total to 6. Its outlet expansion plans come a year after the launch of its first outlet store in the Parisian suburbs. It was considered so successful that its floor space was quickly doubled to 1,800 sqm.

 

Outlets are not only a means to optimize its stock. The board also feels it is a "full, complementary product range that meets the specific demand of a customer base that is looking for a bargain". Galeries Lafayette points towards the growing number of Chinese and American customers that have known the formula for a while. Department stores like Norstrom and Bloomingdale's already have similar outlets in the United States.

 

Outlet center One Nation, the location of Galeries Lafayette's first outlet, opened its doors in 2013 and has about a 100 luxury outlets on a 24,000 sqm location.

Questions or comments? Please feel free to contact the editors


Losses keep growing for HelloFresh

14/08/2017

Over the course of the first half of 2017, meal box delivery service HelloFresh has seen both its turnover and its losses grow significantly. This gives mixed messages in the preparation of its IPO, which is planned for the fall of 2017 to create room for more investments.

Italian gelato is European market leader

11/08/2017

Italian cuisine is revered all across the globe, with people often thinking of pizza and pasta. However, Italians also have an ironclad reputation when it comes to ice cream. This is also reflected in sales, because Italians are the European market leader.

Oprah Winfrey and Kraft Heinz join forces

10/08/2017

American tv star Oprah Winfrey has joined forces with Kraft Heinz to develop a range of “healthy and nutritious soups and side dishes”. The range, currently only available in the United States, should help Kraft Heinz generate turnover growth once more.

Ahold Delhaize continues to struggle in Belgium

09/08/2017

Belgian-Dutch supermarket group Ahold Delhaize has had a very good second quarter, with the company thinking last year's merger could result in lower costs than previously anticipated. On the other hand, Belgium's performance is still weak.

Sainsbury’s wants to cut 1,000 jobs

07/08/2017

Sainsbury’s, the second largest supermarket chain in the United Kingdom, is allegedly planning to cut 1,000 office jobs in order to save up to 500 million pounds (550 million euro).

Higher Kraft Heinz profit despite lower turnover

04/08/2017

Food company Kraft Heinz’ second quarter like-for-like turnover dropped slightly, but the American company did manage to seriously enhance its profitability.

Back to top