Paris, one of the world’s largest cities, is also a world leader in business and culture, and a major influence to the world—a major city for “power-shopping”.
First among the major shopping districts in Paris is one of the world’s most famous streets (also one of the most expensive strip of real estate in the world), the Avenue des Champs-Elysees, a prestigious avenue lined with cinemas, cafes, luxury specialty shops and clipped horse-chestnut trees, and is also known to be the “most beautiful avenue of the world”. It is known for upscale shopping, usually by Adidas (which have its biggest store in the avenue), Benetton, the Disney Store, Nike, Zara, Cartier, Bel Air Fashion, Toyota, continental Europe’s largest Gap, and Sephora. The luxury brands of Luis Vuitton, Hugo Boss, Lancel, Guerlain, Lacoste, Hotel de la Paiva, Elysee Palace and Fouquet’s Boulevard Haussmann, on the other hand, is where the department stores of Galeries Lafayette and Au Printemps are found. It is where Marks & Spencer, the British department store chain, opened its first overseas store on 1975.
On Rue du Faubourg Saint Honore, a relatively narrow and nondescript street dedicated to high-fashion stores and other exclusive establishments, like the nearby avenue Montaigne, is where the following notable establishments are found: the atelier and boutique of couturier Dominique Sirop, who established his enterprise in 1996 and at this location from 2000; “A la Corbeille de Fleurs” (at the sign of the flower basket) by Perfumier Jean-François Houbigant; the flagship store of Lanvin, initially established by Jeanne Lanvin in 1889 and here as a couture establishment after several prior locations; the flagship store of Hermès, a company of finely crafted goods, established in 1837 and located at the present address since 1880; the institute and headquarters of Lancôme, the cosmetics brand, established in 1935; and, the flagship shop and tea room of Dalloyau, a luxury gastronomic brand name.
Avenue Montaigne, a street in the 8th arrondissement, boasts numerous stores specializing in high fashion, such as Louis Vuitton, Dior, Chanel, Fendi, Velentino, and Ralph Lauren, as well as jewelers like Bulgari. It is now considered as more important than rue du Fauborg Saint Honore. Several established clothing designers also set up here, particularly the LVMH (Moët Hennessey Louis Vuitton) group which brought investment and international attention to the street, and its stable of top designers and firms, such as Céline, Loewe, Vuitton, Inès de la Fressange and formerly Christian Lacroix, own a substantial portfolio of the street’s real estate.
Other notable streets in Paris are the Rue de Rivoli, where the most fashionable names in the world are located, Boulevard des Capucines, one of the four “grands boulevards”—a chain of boulevards running east-west, including Boulevard de la Madeleine, Boulevard des Italiens, and Boulevard Montmarte, rue de la Paix, best known for its jewelers (such as the shop opened by Cartier SA in 1898), and, the Boulevard Saint-Germain.
Also, Place Vendome and Place de l’Opéra are notable places for shopping.