On Air Now
FIRE radio

FIRE radio

3:06 p.m. - 5:55 p.m.
Created for young professionals in Switzerland, FIRE radio offers a...
Listen Live
Just Played
BBC News

BBC News

4 p.m. - 4:06 p.m.
Next on WRS

Globus shuts Geneva branch as sales slump

National News // May 16, 2018

A combination of online shopping, the strong franc and the trend of cross-border shopping is hitting retail sales in Geneva.

Balexert Globus shuts Geneva branch as sales slump

The Globus branch in the Balexert shopping centre will be closed – costing 60 jobs.

Globus is owned by the retail giant Migros – as is the shopping centre itself.

An independent survey by GfK shows sales at Balexert, which is Switzerland’s biggest shopping centre, are down 3.1%.

The proximity of the centre to the French border is thought to be a major factor as shoppers seek bargains in the Eurozone.

Related articles