French luxury retailer Printemps has opened its first U.S. store in New York City’s Financial District, offering a wide range of merchandise across two floors. Approximately 25% of the brands featured are either unavailable or rare in the U.S., such as Joseph Duclos. The store features unique attractions like the Red Room, transformed into a “shoe forest,” and will soon include a fine dining restaurant. Despite a global slowdown in luxury spending, the U.S. remains an attractive market due to consumer resilience. Printemps aims to differentiate itself through its architecture, brand mix, and services, including beauty treatments and accessory repairs. — news from CNBC
