Retail sector faces massive losses after widespread riots damage stores across France

Following the latest wave of riots, a substantial portion of France's retail landscape suffered direct damage, according to the head of the national retail federation. He indicated that the overall cost to the sector would be very high, running into several hundred million euros. Carrefour's CEO confirmed that a significant number of its locations, ranging from large hypermarkets to small local shops, were impacted, with some being looted and the estimated loss for its partners reaching tens of millions of euros.

He described the situation as deeply distressing, noting the shock felt by staff and emphasizing the priority of protecting people. The federation leader also called for swift compensation procedures, urging authorities to act quickly to support financially vulnerable partners.