Fnac Closes Champs-Élysées Store Following Overwhelming Crowds at Clearance Sale

The iconic store, set to shut permanently on January 12, faced safety concerns after thousands gathered for deep discounts.

The Fnac store on the Champs-Élysées, a fixture since 1997, will permanently close on January 12 due to financial losses and shifting local demographics.
A massive clearance sale offering discounts of up to 80% drew over 3,000 people, causing crowd control issues and prompting the store to close early on January 3 for safety reasons.
Fnac Darty attributed the closure to rising fixed costs, including high rent, and a decline in local customers as the avenue increasingly caters to luxury retail and international tourists.
The 101 employees of the store are being offered equivalent positions at other Fnac locations in Paris, with no impact on their salaries or roles.
The Champs-Élysées continues its transformation into a luxury and tourist-focused shopping district, with fewer businesses catering to local residents.