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...

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 protest losses

The Hong Kong pro democracy protests 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 retailerscould lose 6 percent of the month's total retail sales, estimated at 282...

Design

Hackney community unites year from riots

A year on from the riots that swept the UK causing millions of pounds worth of damage to Britain’s high streets, the Olympic Borough of Hackney came together today to raise awareness of local businesses. Eleanor Lowenthal, owner of Pages of Hackney, welcomed the move at a time when smaller communities are missing out on much-anticipated...

Fashion

Riots leave August worst month in sales

August was the worst month for spending across the high street in more than two years as disruption from riots and looting combined with worsening consumer sentiment to cause shoppers to trim their purchases. Total sales fell back by 2.2 per cent in August compared to the same month a year ago, the worst year-on-year fall since 2009, according...

Design

Riots accelerate high street decline

Senior business leaders have warned that last week's riots could send some of Britain's most troubled high streets into a downward spiral if traumatised shopkeepers decide to walk away. Hundreds of stores were looted and in some cases destroyed by fire during the spree of violence and theft that insurers say will cost £200m to mop up. The...

Fashion

BRC seeks government protection after riots

The British Retail Consortium is seeking government reassurance after the riots have devastated boutiques and small businesses across the UK. With looting seen in Manchester, Birmingham, Nottingham and Gloucester, the BRC is seeking urgent reassurances that a range of critical issues are being addressed. The British Retail Consortium plans to...

Fashion

Riots on London's high streets out of control

London’s retailers are in a state of fear as the riots which started in sub areas of London, a couple of days ago, have grown out of control. Debenhams have just announced they will be closing their Wimbledon and Eltham outlets after looters attacked their Clapham Junction store yesterday. A clothing business in Peckham High Street named Giselle...