Riots news and archive

French riots could dent luxury sales

The contrast between the glamorous haute couture presentations and the ongoing riots sweeping Paris and France following a tragic shooting is striking. As governments caution their citizens about traveling to France, numerous trips have been canceled, casting a shadow over the luxury sector. According to a research note by Berstein, the riots...

Retail

DC retailers forced to close as mayor declares state of emergency

As political unrest took over America’s democracy at its heart – the White House - the DC mayor declared a state of emergency and ordered a citywide curfew requiring all retailers and businesses to close until Thursday morning. No persons other than essentials workers were allowed to be in public streets in accordance with the ordinance. WWD...

RetailFeatured

Italian luxury brands ask for rent reduction after Hong Kong protests

The retail landscape in Hong Kong is not above political instability and the recent protest have seen a dive in sales for many luxury retailers as footfall has slowed and less visitors from mainland China are coming to shop. In the wake of the heightened political campaign, Italy's luxury retailers have called for short-term rate cuts on their...

Fashion

Hong Kong retailers set for riot losses

The Hong Kong pro democracy riots may cost retailers nearly 300 million dollars of sales losses. The disruptions come during China's Golden week holiday, where many of its mainland residents visit Hong Kong for a shopping weekend. The ANZ bank has estimated that retailers could lose 6 percent of the month's total retail sales, estimated at 282...