Galeries Lafayette in Lille closed soon – Boursorama

The store Galeries Lafayette Lille, March 31, 2015 (AFP / File / Denis Charlet)

This closure likely to come early 2016, and no later than at the end of the lease in March 2016, has indicated the direction .

The management met Friday afternoon, the 134 employees of the Lille branch of the famous sign to inform them of this decision.

After denouncing the lease that the Pramerica binds to land on March 31, Galeries Lafayette will have ultimately failed to get a drop in Lille rent, estimated at around 3 million euros per year, despite a proposal that was to fall back on the top two levels of the building and leaving the ground floor, said the northerner daily.

The Galeries Lafayette had already announced on March 31 for closing the end of 2015 of its stores of Thiais (Val Out-of-Marne) and Béziers (Hérault), to take account of the “new economic order”, leaving open the future of the Lille.

The management had particularly cited the development of trade online, combined with stagnating purchasing power, to explain his loss of competitiveness and the closures.

In Lille, rent the store has become a “burden too heavy,” while ” store has never been profitable since its opening in 2007, “had indicated the direction.

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