Independent Retailers Likely To Feel Most Pain From 'Gilets Jaunes' Protests: Moody's
Following the fifth weekend of 'Gilets Jaunes' (Yellow Vests) protests in France, Moody's has said that the protests are credit negative for retailers, with independent operators likely to feel the most impact.
"While the protests were on a smaller scale on the weekend of 15-16 December, they could continue until Christmas, which would further dent sales in December, the peak period of activity for the retail sector," commented Guillaume Leglise, assistant vice president – analyst at Moody’s.
"We believe retailers that would suffer the most are small independent merchants, which have limited financial resources and limited geographic diversity. In addition, the protests may have reduced visitor numbers, hurting tourism-related retailers."
Try European Supermarket Magazine PREMIUM – 30 Day FREE Trial.
A trial subscription gives unrestricted access to all premium site content, app content, weekly email content and European Supermarket Magazine digital edition for a full 30 days. Try it now!