Paris fashions – 70% reductions


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. He also serves as a Global Expert for the World Economic Forum. The aim of this blog is to share ideas about the influences that may shape the chemical industry and the global economy over the next 12 – 18 months. It looks behind today’s headlines, to understand what may happen next in critical areas such as oil prices, China and Emerging Markets, currencies, autos, housing, economic growth and the environment. 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.


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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