Yellow vests: visit rate to shopping centres registers an unprecedented downfall 0f -17%

Since the begin of the Yellow Vests’ protests, “the visit rate to shopping malls has had its worst day on Saturday 8th December, going down by 17% compared to Saturday same time last year” says the National Council for Shopping Centres (CNCC). The downfall is even higher for shopping centres in city centres, down to 20%. The Council says “the anxiety and uncertainty about the outcome of the crisis leads to a retention of consumption”.
In parallel, according to a survey carried out by BVA, 81% of the French are pessimistic about the evolution of their purchasing power by 2022. Purchasing power is at the heart of the social demands of the yellow vests' mouvement.
So far, the FCD estimates a shortfall of €1bn in trade since the beginning of the protests, of which €500m shortfall for Hypermarkets & Supermarkets.
 
From articles of Daniel Bicard, Magali Picard, Morgan Leclerc, December 2018, www.lsa-conso.fr
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