gifi-toulouse-fermeture

This famous discount store is closing its shop in the heart of Toulouse

undefined undefined 4 avril 2025 undefined 19h00

The Editor

It's the final curtain for Gifi right in the heart of Toulouse. The discount store, located in the Saint-Georges neighborhood, is closing its doors as part of a major restructuring. A job protection plan indicates that 302 positions will be cut and 11 stores will shut down across France.

Is the low-cost discount model starting to wobble? Facing financial difficulties, Gifi has decided to refocus on its profitability by scaling back. The announcement came this Thursday: the brand with "brilliant ideas" is closing 11 of its stores in France, including the one in downtown Toulouse. Opened in the heart of the Saint-Georges neighborhood, this store represented Gifi's ambition to be close to urban consumers.

302 job cuts at Gifi

But the economic situation hasn’t worked in their favor. The group is implementing a job protection plan that will lead to the elimination of 302 positions, which is 5% of the total workforce. Officially, the goal is to "refocus on the performance of its discount model and its customers," but it's hard to ignore that this decision seems to be a response to profitability weakened by inflation and increased competition in the sector.

For Toulouse residents who love budget-friendly decor, you'll now need to check out the other stores of the brand nearby that will remain open (Gifi Purpan, route de Bayonne; Gifi Toulouse – Portet, route d’Espagne; Gifi Toulouse Compans, in the Reflets Compans shopping center). A new chapter is opening in the Saint-Georges neighborhood, where everyone is already looking forward to the arrival of the next occupant of the space...


Source : Actu Toulouse