Shein Openings Across France Delayed After Shoppers Balked at Paris Store Prices

Customers shop on the opening day of Asian e-commerce giant Shein's first physical store at the Bazar de l'Hotel de Ville (BHV) department store in Paris on November 5, 2025. (AFP)
Customers shop on the opening day of Asian e-commerce giant Shein's first physical store at the Bazar de l'Hotel de Ville (BHV) department store in Paris on November 5, 2025. (AFP)
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Shein Openings Across France Delayed After Shoppers Balked at Paris Store Prices

Customers shop on the opening day of Asian e-commerce giant Shein's first physical store at the Bazar de l'Hotel de Ville (BHV) department store in Paris on November 5, 2025. (AFP)
Customers shop on the opening day of Asian e-commerce giant Shein's first physical store at the Bazar de l'Hotel de Ville (BHV) department store in Paris on November 5, 2025. (AFP)

The opening of five new Shein concession stores across France has been delayed, department store owner Societe des Grands Magasins said on Friday, as it adjusts its strategy after some shoppers found prices at the Paris store too steep.

The online fast-fashion retailer's first physical shop opened at the SGM-owned BHV department store in Paris last week, drawing thousands of bargain-hunters and triggering widespread backlash from other retailers.

Some shoppers at the Shein store in Paris on opening day were surprised by higher prices than they were used to seeing online.

The concession offered fake leather shorts for 41.03 euros ($47.7), a knitted cardigan for 22.99, and a jacket from Shein's more expensive MOTF brand for 64.99, for example - prices more comparable to Zara, and higher than similar items on Shein's French website.

SGM and Shein are walking a fine line, as the Chinese firm's rock-bottom prices are a core part of the criticism levelled at it by French retailers and politicians, but are also a key draw for loyal customers.

SGM AIMS FOR BIGGER SPACES, CHEAPER PRODUCT RANGE

SGM aims to secure bigger spaces for Shein in its regional department stores so that it can offer a broader range of cheap products alongside more "premium" clothing such as Shein's MOTF brand, an SGM spokesperson told Reuters.

"We prefer to push the openings back by a few days, to get around the table, improve the range, expand the spaces, and offer lower prices," the spokesperson said.

SGM previously said it would open Shein stores at regional department stores over the coming weeks, with the first set to open in Dijon, Reims and Grenoble in November, and Angers and Limoges in early December.

"With SGM, we have chosen, for the time being, to focus our efforts on enhancing the experience offered in the BHV Paris store, which has been a strong success since its opening," Shein said in a statement on the postponement.

No revised dates have yet been decided for the opening, SGM and Shein spokespeople said.



Debenhams' New Pay Plan Without Vote 'Disgraceful', Says Top Investor Frasers

Debenhams logo is seen on smartphone in front of a displayed Boohoo logo in this illustration taken January 25, 2021. (Reuters)
Debenhams logo is seen on smartphone in front of a displayed Boohoo logo in this illustration taken January 25, 2021. (Reuters)
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Debenhams' New Pay Plan Without Vote 'Disgraceful', Says Top Investor Frasers

Debenhams logo is seen on smartphone in front of a displayed Boohoo logo in this illustration taken January 25, 2021. (Reuters)
Debenhams logo is seen on smartphone in front of a displayed Boohoo logo in this illustration taken January 25, 2021. (Reuters)

A move by struggling British online fashion retailer Debenhams to push ahead with a new executive pay scheme without seeking approval from investors was "utterly disgraceful", the finance chief of rival Frasers said on Thursday.

Frasers is Debenhams' biggest investor with a 29.7% stake.

Last week, Debenhams said that one of the reasons it was not asking for a shareholder vote on the new pay scheme worth up to 222 million pounds ($296 million) was because a "major competitor" investor, which it did not name, had tried to block previous resolutions.

Debenhams has been locked in a long-running tussle with Frasers, majority-owned by British retail tycoon Mike Ashley, which unsuccessfully attempted to block its rebrand and oust its co-founder.

Frasers' chief financial officer Chris Wootton said Debenhams' latest move, which could see CEO Dan Finley earn up to 148 million pounds if Debenhams' share price hits 3 pounds over the next five years, was "typical corporate governance from them, utterly disgraceful".

However, he told Reuters that if Debenhams achieved a share price of 3 pounds "shareholders will be happy."

Debenhams shares were trading at 22.25 pence on Thursday, down 3.3%.


Zara Owner Inditex Reports Strong Start to Winter Sales

FILE PHOTO: A person walks by a Zara store in Plaza de Espana in Madrid, Spain, June 11, 2025. REUTERS/Ana Beltran/File Photo
FILE PHOTO: A person walks by a Zara store in Plaza de Espana in Madrid, Spain, June 11, 2025. REUTERS/Ana Beltran/File Photo
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Zara Owner Inditex Reports Strong Start to Winter Sales

FILE PHOTO: A person walks by a Zara store in Plaza de Espana in Madrid, Spain, June 11, 2025. REUTERS/Ana Beltran/File Photo
FILE PHOTO: A person walks by a Zara store in Plaza de Espana in Madrid, Spain, June 11, 2025. REUTERS/Ana Beltran/File Photo

Zara owner Inditex said sales grew 10.6% in constant currency over the start of its fourth quarter, beating analysts' expectations for the November period that includes the crucial Black Friday sales.

The $178 billion fast fashion giant also reported on Wednesday sales of 9.8 billion euros ($11.41 billion) for its third quarter ending October 31, higher than the 9.69 billion euros expected by analysts according to an LSEG estimate.

The results from Inditex, seen as a bellwether for the global fast fashion sector, provide a first glimpse into how successful the key Black Friday sales weekend was for retailers.

The strong sales growth in the period from November 1 to December 1 compared to a year ago marked an acceleration from the nine-month currency-adjusted growth rate of 6.2%, an encouraging sign for the fourth quarter, its biggest in terms of revenues.


Hugo Boss Sees 2026 EBIT at 300 Million-350 Million Euros on Strategic Overhaul

FILE PHOTO: Plastic toilet cabins are reflected in a window with the logo of Hugo Boss fashion company in central Moscow, Russia, May 8, 2025. REUTERS/Maxim Shemetov/File Photo/File Photo
FILE PHOTO: Plastic toilet cabins are reflected in a window with the logo of Hugo Boss fashion company in central Moscow, Russia, May 8, 2025. REUTERS/Maxim Shemetov/File Photo/File Photo
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Hugo Boss Sees 2026 EBIT at 300 Million-350 Million Euros on Strategic Overhaul

FILE PHOTO: Plastic toilet cabins are reflected in a window with the logo of Hugo Boss fashion company in central Moscow, Russia, May 8, 2025. REUTERS/Maxim Shemetov/File Photo/File Photo
FILE PHOTO: Plastic toilet cabins are reflected in a window with the logo of Hugo Boss fashion company in central Moscow, Russia, May 8, 2025. REUTERS/Maxim Shemetov/File Photo/File Photo

German fashion group Hugo Boss on Tuesday said it expects its earnings before interest and taxes to be between 300 million and 350 million euros ($406.74 million) in 2026, as it undertakes a strategic overhaul.

The company forecast currency-adjusted sales to fall in mid- to high-single digits in 2026 before returning to growth in 2027, due to deliberate brand and channel realignment, Reuters reported.

The update follows last month's guidance for 2025 at the lower end of its range, between 4.2 billion and 4.4 billion euros in sales and operating profit of 380 million to 440 million euros, citing rising macroeconomic uncertainty and adverse currency moves.

It had also reported its quarterly sales below expectations, hurt by weaker demand in Britain and China and pressure from a softer dollar.

The company said it would provide a detailed outlook for 2026 on March 10, alongside full-year 2025 results.