French luxury retailer Galeries Lafayette closes its flagship department store in Beijing after 13 years of operation, doing so on Wednesday, according to multiple outlets. Sources say the store’s final day draws shoppers seeking last-minute bargains as employees clear merchandise and dismantle displays across the six-floor site. The company attributes the closure to weaker consumer spending and changing shopping habits in China, alongside a slowdown in the luxury sector. One report also points to additional pressure from broader economic conditions, including effects linked to the Covid pandemic and a slump in domestic consumption tied to a property crisis. While the Beijing store shuts, Galeries Lafayette’s other locations in China continue operating, including branches in Shanghai, Shenzhen and Macau, the reports note. The closure is described as indefinite, with the retailer winding down operations at the Beijing flagship but not exiting its entire China presence. Overall, the coverage frames the Beijing shutdown as a response to evolving demand for luxury goods and retail formats in the Chinese market.