French retailers are preparing for further disruption ahead of the holiday shopping season, with demonstrations planned for October 31 and November 5 following weeks of protests over rising living costs.
About 2,400 stores have been damaged nationwide, according to the French Chamber of Commerce. The organisation estimates retail losses exceeding €1 billion, while credit ratings agency Morningstar DBRS said the total could approach $2 billion when uninsured damage and lost revenue are included, Reuters reported.
The impact extends beyond businesses directly affected by looting or vandalism. Retailers have also closed temporarily or shortened trading hours to protect employees and property. More than a quarter of damaged outlets remain shut, Chamber of Commerce president Alain Di Crescenzo told Reuters.
Major brands have reported disruption. Burberry reopened its Rue Saint-Honoré store after a ten-day closure, while Pandora said three stores in Paris and Lyon remained closed following damage and looting. H&M also reported affected outlets and precautionary closures.
The timing adds to retailers’ concerns. French consumer confidence has fallen to a 13-year low, just before November and December, which typically generate about 40% of annual retail turnover, according to Reuters. Businesses now face repair costs alongside the risk of fewer shoppers during a crucial sales period.
Tourism could also suffer. Paris department store Printemps has delayed the launch of its Christmas decorations, while the city’s tourist office warned that extensive coverage of the unrest could discourage visitors.
With further demonstrations approaching, store managers are weighing whether to remain open as businesses seek to restore trading and reassure customers.
