People walk on a street with luxury brand shops and a shopping mall in Shanghai, on May 19, 2026. The closure of France's Galeries Lafayette's first China flagship on May 27, takes place against a backdrop of a sluggish post-pandemic economy and shifting consumption practices. (Photo by Hector RETAMAL / AFP via Getty Images) / TO GO WITH: China-luxury-retail-economy-consumption, FOCUS by Mary YANG and Agatha CANTRILL in Shanghai