CONNECT WITH US
eCommerce

eCommerce

Retailers in France and Italy Tally the Cost of Lost Business After Second Round of Protests

WWD logo

Published on

Add as a preferred source on Google
Retailers in France and Italy Tally the Cost of Lost Business After Second Round of Protests

Stores boarded up their windows and shortened hours in anticipation of renewed looting, though most protests remained peaceful.

At a time when Christmas lights have started appearing in London, retailers in France and Italy boarded up their stores and curtailed opening hours on Saturday in preparation for another day of major protests, following the previous weekend’s demonstrations during which thousands of stores were damaged or looted.

Although Saturday’s marches in both countries were mostly peaceful, with isolated pockets of violence, the retail sector was left tallying the cost of lost business in the runup to the crucial holiday season — not to mention additional expenses linked to increased security measures. The lost business came on top of the costs of repairing the damages from the Oct. 17 marches.

“Compared with last Saturday, yesterday was a relief. But the precautions taken to protect shops and their staff are having an impact on business,” Judith Jiguet, executive director of the French Retail Federation, said in a statement Sunday.

“Shutting shop or erecting barricades cannot become the new normal. Retailers are essential to the life of our town centers: They must be able to rely on the public authorities to ensure their safety,” the executive added.

The federation, whose members include Galeries Lafayette Group, sporting goods retailer Decathlon and supermarket chains including Carrefour, E.Leclerc and Monoprix, said it remained “particularly vigilant” ahead of Nov. 5, when French unions have called for nationwide strikes.

Apple closed all three of its Paris stores on Saturday, but LVMH Moët Hennessy Louis Vuitton said it planned business as usual.


Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We TheMorningPulse.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It's possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.