Visitors stand beside empty shelves in the Galeries Lafayette mall a day before it closes, in Beijing on May 26, 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 GREG BAKER / AFP via Getty Images) / TO GO WITH: China-luxury-retail-economy-consumption, FOCUS by Mary YANG and Agatha CANTRILL in Shanghai

Two women chat beside empty display shelves at the Galeries Lafayette mall, a day before it closes, in Beijing on May 26, 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 GREG BAKER / AFP via Getty Images) / TO GO WITH: China-luxury-retail-economy-consumption, FOCUS by Mary YANG and Agatha CANTRILL in Shanghai

Mannequins are seen in the Galeries Lafayette mall a day before it closes, in Beijing on May 26, 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 GREG BAKER / AFP via Getty Images) / TO GO WITH: China-luxury-retail-economy-consumption, FOCUS by Mary YANG and Agatha CANTRILL in Shanghai

People try sunglasses on sale in the Galeries Lafayette mall, a day before it closes, in Beijing on May 26, 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 GREG BAKER / AFP via Getty Images) / TO GO WITH: China-luxury-retail-economy-consumption, FOCUS by Mary YANG and Agatha CANTRILL in Shanghai

Men box up products in the Galeries Lafayette mall, a day before it closes, in Beijing on May 26, 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 GREG BAKER / AFP via Getty Images) / TO GO WITH: China-luxury-retail-economy-consumption, FOCUS by Mary YANG and Agatha CANTRILL in Shanghai

A sign is seen on the Galeries Lafayette mall, a day before it closes, in Beijing on May 26, 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 GREG BAKER / AFP via Getty Images) / TO GO WITH: China-luxury-retail-economy-consumption, FOCUS by Mary YANG and Agatha CANTRILL in Shanghai

A Galeries Lafayette staff member stands beside empty shelves a day before the mall closes, in Beijing on May 26, 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 GREG BAKER / AFP via Getty Images) / TO GO WITH: China-luxury-retail-economy-consumption, FOCUS by Mary YANG and Agatha CANTRILL in Shanghai

Two women walk past boxes of products at the Galeries Lafayette mall a day before it closes, in Beijing on May 26, 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 GREG BAKER / AFP via Getty Images) / TO GO WITH: China-luxury-retail-economy-consumption, FOCUS by Mary YANG and Agatha CANTRILL in Shanghai