Printemps cited encouraging sales figures along with lower rents as the reason for keeping the stores, which had been slated for closure.
The executive plans a broad rejuvenation with a focus on omnichannel, exclusive products and a wider, local customer base.
Printemps, which recently named a new ceo, plans to close four department stores and three branches of its urban apparel chain Citadium.
Jean-Marc Bellaiche joins the retailer from French startup ContentSquare, where he was chief strategy officer.
Companies navigating the global health and economic crisis face new rules of engagement.
Companies of all sizes will be able to apply for loans equivalent to three months of revenues to tide them over the coronavirus crisis.
Printemps sent a letter to suppliers to explain that a previously communicated suspension of all outstanding payments was only temporary.
Printemps.com will offer services for disabled clients, a broader range of sizes and a gender-neutral section.
The executive has been named chief executive officer of Printemps International, reporting to Printemps ceo Paolo de Cesare.
The fashion group’s initial public offering is expected in the first half of the year.