German retailers aren’t feeling very festive

When theKaufhaus des Westens (KaDeWe), a temple of consumption in West Berlin, celebrated its 115th birthday last month with a glitzy champagne party for 2,000, the mood was sparkling. A row of brightly lit Christmas trees greeted partygoers when they entered the ground floor of the grand old lady of Berlin’s department stores, where Chanel, Dior, Gucci, Tiffany’s and other luxury brands vie for their attention. As guests danced through the night, the war in Ukraine, sky-high inflation and other worries seemed far away.

Listen to this story. Enjoy more audio and podcasts on iOS or Android.

Your browser does not support the

→ Continue reading at The Economist

Similar Articles

Advertisment

Most Popular