Printemps to open first shop in US
French luxury department store Printemps is to open its first shop in the US on New York’s Wall Street.
The store will be situated in a 50-story landmark building at One Wall Street in the rapidly changing financial district of the city.
In a statement, the retailer said the new shop will have a local approach with a focus on increased omnichannel and seamless experiences.
Jean-Marc Bellaiche, chief executive of Printemps Groupe, said: “The US is essential in our international development strategy and opening in New York offers high visibility and growth potential. We think we can bring something unique, both to its engaged local consumer base and the strong tourist flows the city welcomes.
“It is also a strategic ecommerce market for luxury, fashion, home, and beauty. We plan to pioneer a new format of experiential retail in this fast changing and demanding market.”
Due to launch in the spring of 2024, the store will span 54,365 square feet across two levels and will feature a façade measuring 346 linear feet facing Broadway.
Printemps has also announced that it has appointed Laura Lendrum as the chief executive of Printemps America. Lendrum has extensive retail experience after serving as president for Saint Laurent, Gucci and Ralph Lauren for the North American market. She has also previously worked as president, global markets and retail with Dean and DeLuca.
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