France Protest Loss Estimates: How Much Could Retailers Lose As Shops Remain Shut?
Retailers say damage, looting and security costs could reach hundreds of millions of euros as 3,000 shops were affected, industry leaders said.
- French and Italian retailers face mounting financial losses as protests and fears of violence force businesses to shutter and increase security, with the retail sector suffering from looting, structural damage, and lost sales.
- Nationwide, the Interior Ministry reported several stores were damaged and 24 looted last Sunday, a significant decline from the 1,522 businesses affected during the initial unrest on October 17.
- Carrefour warned that the unrest could reduce its 2026 operating income by between €80 million and €200 million, while cutting planned capital expenditure in France from €1.7 billion to €1.6 billion.
- "Shutting shop or erecting barricades cannot become the new normal," said Judith Jiguet, executive director of the French Retail Federation, adding that retailers must rely on public authorities for safety.
- Industry groups remain "particularly vigilant" ahead of November 5, when French unions have called for nationwide strikes, as authorities have urged local officials to implement targeted security measures for planned demonstrations.
36 Articles
36 Articles
Special forces in action, thousands of police on the streets, water cannons and tear gas. France and Germany are preparing for Saturday's demonstrations. Shopkeepers and restaurateurs in city centers are boarding up their businesses to protect them from wild mobs that would loot and destroy them.
France announces the deployment of an "exceptional device" of security. And Germany fears that its machas will end up as in Barcelona, Limoges or Paris.
Reformatorisch Dagblad
Shopkeepers in France are bracing themselves for a third weekend of unrest. Over the past weekends, protests in several French cities escalated into violence and the looting of shops. The damage and lost revenue so far are estimated at approximately 1.8 billion euros.
To the summary : France in crisis, who will pay the bill ? 2,488 shops affected, 643 still closed. Social anger, the return of whatever it costs ? Faced with the crisis, the flight of capital ? (Replay LCI).
The violence associated with the demonstrations in October could cost between 2 and 3 billion euros, said Thierry Breton, on Wednesday 28 October, on LCI. An amount that is explained by the rehabilitation of degraded shops and public buildings as well as the increase in the cost of French debt.
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