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Retail

Revolt of the “yellow vests” causes 1 billion retail loss in France

The “gilets jaunes” (yellow vests) are taking a heavy toll on French retail. Retailers have lost approximately 1 billion euros (1.13 billion US dollars) since the protests began around a month ago, according to a statement by the French Retail Federation. “We must expect a new slowdown of economic growth at year-end due to the yellow vest...

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Retail

Paris retailers evacuate stores, protests jeopardizing holiday sales

Fashion retailers such as Galeries Lafayette, Printemps, Zara and Mango had to evacuate customers and shut their doors last Saturday (December 1) as the third weekend of protests in Paris became violent. About 5,000 gilets jaunes (“yellow vests”) marched down the famous avenue on Saturday, manifesting their discontent about a new fuel policy and...

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