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French 'yellow vest' protests curb Printemps sales by 25-30 percent

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By Reuters
French 'yellow vest' protests curb Printemps sales by 25-30 percent
People attend a demonstration near the Printemps Department Store during a national day of protest by the "yellow vests" movement in Paris, France, December 8, 2018. REUTERS/Stephane Mahe   -   Copyright  STEPHANE MAHE(Reuters)

By Pascale Denis

PARIS (Reuters) – French upmarket department store Printemps <PRTP.PA> said it had suffered a 25-30 percent slump in sales over the last four weeks as a result of the “yellow vest” anti-government protests.

“There has been a colossal loss in sales and they won’t be recouped,” said Pierre Pelarrey, who runs Printemps’ flagship store in central Paris.

Printemps Haussmann, rival Galeries Lafayette and major tourist attractions such as the Eiffel Tower and Louvre were all shut on Saturday as the French capital endured another day of disorder during the protests.

(Reporting by Pascale Denis; Editing by Sudip Kar-Gupta/Richard Lough)