[jillesvangurp]

In the Netherlands, most of the traditional department stores have imploded and are long gone. I live in Germany currently and the local chains here have been struggling for decades as well.

The exception to this seems to be flagship luxury stores with exclusive and expensive stuff on display. Here in Berlin that would be the Alexanderplatz Galeria and the KaDeWe on Kudamm. Both attract a lot of tourism. But the chains that own them are struggling as well. Tourists of course look but there's only so much they are going to stuff in their hand luggage when they fly back home. And they don't come back that often. The issue is that the locals ignore these stores because they can get better deals online for essentially anything sold inside those stores.

KaDeWe filed for bankruptcy and is being restructured. And the group that owns Galeria is also being restructured. And not for the first time. Most of these things have been handed off between various hedge funds for decades now and they are just milking these things for short term profit.

Online shopping killed off that market. If I need socks, I get them on Amazon.