In The First Half Of The Year, Department Store Revenues Fell.

After the terrorist attacks in Paris, French luxury.

The performance of department stores continued to deteriorate.

In the first half of this year, the group's revenue declined to 1 billion 600 million euros compared with 1 billion 700 million euros in the first half of last year.

In addition to the flagship store at Osman's main road in Paris, the group also has 56 branches and 4 LeBHV Marais stores in France.

Nicolas Houz e said in a media interview on Wednesday that the number of international tourists dropped by 15% in the first half of the year, due to terrorist attacks.

The negative trend of summer performance is more obvious. In addition to the 20% drop in the cost of international tourist consumers, the consumption of local customers in the Department of Lafayette department has been negative since August, and it continues to this day.

Paris tourists are also luxurious.

Worried, Christian Dior is also a luxury brand struggling by the drop in tourist numbers.

The company reported operating profit fell 30.2% to 74 million euros in the first six months of 2016.

DiorCEO Sidney Toledano said in an interview earlier: "the brand is seriously affected by the decrease in the number of tourists, although the growth trend is seen in the local markets around the world, but this is obviously not enough to compensate for the negative impact of the decline of Paris tourists."

As of this year, the number of French tourists has decreased by 8%. French Foreign Minister Jean-Marc Ayrault announced on Tuesday that the government will increase the emergency fund from 1 million 500 thousand euros to 10 million euros to promote tourism development.

Nicolas points out that the urgent problem now facing France is security. But this problem is relatively global. We believe that France, Paris and Lafayette department stores are still an ideal destination. International tourists, especially Asian tourists, will eventually return to Paris.

Despite the downturn in the overall retail and luxury sector, Lafayette department maintains its goal of doubling its earnings by 2020, and plans to develop business to invest 150 million euros a year.

Lafayette hope that in early 2017, when Osman's main department stores opened on Sunday, business revenue is expected to grow by 8%, and the five year remodeling plan of the flagship store, which will be formally implemented next year, will include the opening of a regional Chinese tour group to enhance service quality and shopping experience for Chinese tourists.

Lafayette department store is still ambitious about the 2020 plan, which has increased the proportion of online business revenue from 2% to 10%. The company recently hired Constancede Polignac as the marketing and digital director of the group to help expand its online sales market share. In the past few months, the group has acquired luxury goods dealer Instantluxe.com and online private sales website BazarChic for acquisitions.

At the same time, the Department of general store also plans to increase from 3 French outlets in France to 10 by the end of 2017.

The group also hopes to add five stores in China and the Middle East by 2020.

At present, the group has settled in Berlin, Dubai, Indonesia Jakarta and Beijing in recent years. The company will then open stores in Qatar, Doha, Istanbul and Milan.