Galeries Lafayette celebrates a 130th anniversary this year. After returning to pre-Covid sales levels, the department store chain is forecasting revenue of €3.85 billion this year. Despite an expected slowdown during the Olympic Games, Asian expansion goals continue.
On June 14, 2024, at the presentation of the redesigned flagship on Boulevard Haussmann, C.E.O. Nicolas Houzé reviewed the year 2023 and Galeries Lafayette‘s strategy for 2024. A year marked not only by a 130th anniversary, but also by the Paris Olympic Games. With sales of €3.6 billion in 2023, the Group has finally returned to pre-Covid-19 levels. It will invest €400 million in technological transformation projects and in renovating the facade of the Paris flagship store (3,500 brands,...
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Article authors
Morgane Monteiro
Journalist
Journaliste économique pour mind Retail depuis 2024, j’analyse la transformation digitale du commerce.