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by atourgates
627 days ago
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While "a major department store in every town" is probablty a thing of the past, my impression is that at least in major European capitals, the "national" department stores are still going strong. I make it a point to try and visit them when I can. A couple hours in Selfridges in London, Galeries Lafayette in Paris, Stockmann in Helsinki, Nordiska Kompaniet in Stockholm or Magasin du Nord in Copenhagen will tell you something about the country you're visiting, and keep you well entertained. I never buy anything outside of maybe a snack from their over-the-top food halls (most recently Moomin-shaped-gummies in Helsinki), or a sometimes surprisingly affordable lunch at one of their lunch counters (it's hard to beat the view you get along with your lunch or apéro at the top Galeries Lafayette on their terrace). But in any case, none of these flagships have ever seemed empty or disused. On the contrary, I'm always surprised that while I might be astounded by the prices on display, there are always hundreds of local shoppers who seem to be quite happy to pay them. |
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They've all merged into one chain, and the resulting company is perpetually on the brink of bankruptcy. Every year or two, they announce store closures. This year, 9 out of 92 were closed, fewer than planned, because each closure gets heavy local opposition. That's down from 171 in 2020.
Despite the opposition, the last time I went to one, it was a ghost town. I'm sure it wasn't prime time, but still, a weird vibe. Expensive, too.
What killed it? Online shopping and non-food specials in discounters like Aldi.