Galeries Lafayette has closed in Beijing.
28.05.2026 1199

Galeries Lafayette has closed in Beijing.

Parisian luxury department store Galeries Lafayette has closed its doors in Beijing. Fashion Network France attempted to understand the reasons for the closure. According to Bain & Company, the luxury goods market in China will shrink by 3-5% by 2025, following a 17-19% decline in the previous year. Since the pandemic, Chinese consumers have become more cautious about spending and luxury.

Major brands are facing another challenge: online shopping. It's become so ubiquitous in China that everyone from students to retirees now buys affordable clothes on their smartphones. They have a huge choice: from apps like Taobao or JD.com to livestreamed promotions on social media platforms like RedNote and Douyin (the Chinese version of TikTok).

The new generation of Chinese prefers to shop online. "Many people born in the 1990s, 2000s, and even 2010s don't associate themselves with such shopping malls at all," says 46-year-old Yang Dunqin, who last visited Galeries Lafayette. "When I see something I like in a store, I immediately check its price online."

Young Chinese are less drawn to established fashion houses and prefer trendy pop-up stores and up-and-coming local luxury brands. They now primarily want to "show off their personal taste," and when they buy luxury goods, they do so out of genuine interest, not just for status.

The downside of the French luxury department store chain's history is that in France itself Galeries Lafayette is being 'defeated' by Chinese budget department store chain Shein.Last year, Galleries Lafayette department stores closed in many French cities. Chinese fast-fashion giant Shein opened stores in these prestigious locations. 

The opening of Shein in BHV, one of Paris's prestigious department stores, caused quite a scandal. Many Parisians were outraged by the opening of a Chinese department store on BHV's sixth floor, noting that cheap Chinese goods were killing the French style for which the French capital had always been famous. Chinese retail expansion was stifling small shops run by local entrepreneurs, changing the charming, attractive image of the streets of Paris and other French cities that draw tourists from around the world. 

Parisian luxury department store Galeries Lafayette has closed its doors in Beijing. Fashion Network France attempted to understand the reasons for the closure. According to Bain & Company, by 2025…
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