Cost of France's protests running into billions
1,108 views · Published 16 December 2018 · 3:59 · Indexed 6 October 2026
Channel: AP Archive · 2018 · News & Politics
(11 Dec 2018) France's month-long wave of protests and violence is costing the eurozone's second-largest economy a fortune, with billions lost by retailers. Road blockades, demonstrations and successive weekends of rioting in Paris and other towns led to a dramatic drop in sales for retailers in this Christmas sale season, which usually is the peak season for shopping. The Federation of Commerce and Distribution, an industry group representing many of France's largest chains, estimates retailers have suffered more than 1 billion euros (1.1 billion US dollars) in lost revenue, with toys, clothing and food sales among the sectors that have been hit. "People are afraid to go shopping. They are not in a shopping mood right now," said Gontran Thuring, Chief Executive of the National Council of Shopping Malls, another industry group. "It's a disaster in this holiday season. It's not successful," he added. Find out more about AP Archive: http://www.aparchive.com/HowWeWork Twitter: https://twitter.com/AP_Archive Facebook: https://www.facebook.com/APArchives Instagram: https://www.instagram.com/APNews/ You can license this story through AP Archive: http://www.aparchive.com/metadata/youtube/9ab7a0cac5a9a47af1cd614525dac376
