After 25 years of presence on the most famous avenue in the world, Fnac on the Champs-Élysées is finally lowering the curtain. A symbolic closure which marks the end of an era for Parisians and the many tourists who frequented this cultural temple.
The decision to close this 2 m² store opened in 800 is above all economic. Located in an area where rents are reaching peaks, the Fnac des Champs-Élysées has been suffering for several years from the drop in attendance linked to the boom in online commerce and the transformation of the future into a luxury tourist destination.
In 2024, the Fnac-Darty group deemed it preferable to concentrate its activities on the most profitable stores, while continuing its digital strategy. “This strategic choice reflects our desire to adapt our network to changing consumption habits,” said a company spokesperson.
Books, vinyls, games, electronic gadgets, or even furniture and equipment from the brand… On the occasion of this event, Fnac is organizing a huge clearance sale until the final closing.
The 75 employees of Fnac des Champs-Élysées were supported in their reclassification, with proposals for internal mobility in other stores of the brand, mainly in Île-de-France.
-The closure of Fnac reflects a broader trend on the Avenue des Champs-Élysées. Like the Virgin Megastore, which closed its doors in 2013, Fnac is moving towards luxury boutiques, high-end restaurants and event spaces. Luxury definitely seems to be king here.
Despite this closure, Fnac continues to play a key role in the French cultural landscape. With nearly 160 stores in France and a booming e-commerce site, the brand intends to continue its commitment to culture and accessible household appliances.
France
Related News :