Tag: retail in germany
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A Painful FALL
Recent headlines from Berlin’s KaDeWe have painted a dark picture of a once great department now in a fall. Since the last visit to the seven floor luxury emporium two weeks, the situation appears more dire on a Monday afternoon, customers appear to be staying away. More brands have pulled, not selling merchandise, or not…
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A TailSpin
An insolvency sent shock waves through the German Retail and fashion world. The KaDeWe Group announced it was unable to meet its financial obligations. The Berlin based luxury department store chain operates the famous KaDeWe in Berlin, Alsterhaus in Hamburg and Oberpollinger in Munich continues to operate, for how long? Brick and mortar retailers have…