Paris fashions – 70% reductions

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I’m rather surprised my fellow blogger Barbara has missed this story. Still, it shows us commercial types have a life, too.

Bloomberg reports that the economic downturn has caused major cuts in the prices of ‘shoes, bags and dresses’ during the current Paris fashion sales. France’s biggest department stores, Au Printemps and Galeries Lafayette are offering discounts of 50% to attract shoppers. Whilst smaller stores including Jonak and Maje have cut prices by 70%.

The reason, of course, is the slowing economy, and declining consumer confidence. But as the photo shows, the Grand Sale has brought the shoppers back after a very weak June. Bargains apparently include dress heels with silver straps selling for €49, down from €149.99. I’m not sure what they are, but it sounds like a bargain.

About Paul Hodges

Paul Hodges is Chairman of International eChem, trusted commercial advisers to the global chemical industry. The aim of this blog is to share ideas about the influences that may shape the chemical industry over the next 12 – 18 months. It will try to look behind today’s headlines, to understand what may happen next in important issues such oil prices, economic growth and the environment. We may also have some fun, investigating a few of the more offbeat events that take place from time to time. Please do join me and share your thoughts. Between us, we will hopefully develop useful insights into the key factors that will drive the industry's future performance.

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One Response to Paris fashions – 70% reductions

  1. Doris de Guzman 9 July, 2008 at 10:38 pm #

    Aarrgghh! I missed the Grand Sale by one day when I left Paris on June 26 early morning after attending the CESIO surfactant conference.

    I did see a preview of the sale on June 25 although with the rate of the dollar against euro, it is probably still better for me to do my shopping in New York’s Chinatown district.

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