2024-03-21 16:35:47
By Le Figaro with AFP
Published 57 minutes ago, Updated now
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This closure plan is an “economically reasonable and socially responsible decision” indicates the group, promising that it will have no impact on jobs.
The Fnac store located on the prestigious Avenue des Champs-Elysées, in Paris, “heavily in deficit”will close its doors at the end of the year without impact on employment, the Fnac Darty group indicated on Thursday, confirming information from Challenges magazine. “The plan to close the store at the end of this year 2024 is the only economically reasonable and socially responsible decision”assured the group in a press release to AFP, stressing that this point of sale was “heavily in deficit for many years”. “The maintenance of employment” East “100% guaranteed”he added.
The store’s 101 employees will be offered “a position offer identical to the one occupied, under the same salary conditions, within another Fnac store in Paris (Ternes, Saint-Lazare, Forum des Halles, Montparnasse, Beaugrenelle)”, said the group again. According to Fnac Darty, the store located at 74 avenue des Champs-Élysées was faced with “multiple difficulties”notably the increase “generalized fixed charges”starting with rent, and a drop in sales “due to a decreasing use of the neighborhood by the brand’s natural customer base”.
The group actually estimated the prospects “unfavorable”with “the increasingly marked orientation of the avenue towards luxury retail and international customers”. Fnac Darty came out of the red in 2023 with a net profit of 50 million euros (compared to 32 million losses in 2022), on a turnover of 7.87 billion euros (-0.9%). The group says it employs 25,000 people in just over a thousand stores, located in a dozen countries.
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