Comptoir des Cotonniers and Princesse Tam Tam in Crisis: Latest News and Updates

2023-06-06 19:43:35

Published

Video length: 2 min.

FRANCE 2

Article written by

M.Justet, V.Frédéric, T.Grosse, M.Birden, J.-M.Mier, J.Delage, L.Michel

France 2

France Televisions

The carnage continues in the textile sector. 55 stores out of 136 under the Comptoir des Cotonniers and Princesse Tam Tam brands are expected to close. 304 jobs could disappear. The owner group plans to combine the two brands in Uniqlo stores, which it also owns.

The months go by and the closures follow one another. After Camaïeu, Pimkie, Kookaitwo brands in difficulty are added to the list on Tuesday June 6: Counter des Cotonniers and Princess Tam Tam. 55 stores would close their doors at the start of the school year. Customers assume that their consumption has changed.There are brands like Shein which will completely slash prices“, specifies one of them. 304 jobs would be threatened in stores and at headquarters. The Japanese owner doesEasthim, not in difficulty, in particular thanks to Uniqlo.

13% less sales compared to April 2019

For Élodie Ferrier, federal secretary CGT Commerce and Services, there is a problem of commercial strategy.When we impose other collections, the French clientele does not find it“, explains Élodie Ferrier, federal secretary CGT Commerce and Services. Beyond these brands, the entire French textile industry is in crisis. Sales fell by 13% last April compared to the same period in 2019.

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