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The K-shaped Christmas: wealthy few drive holiday spending splurge while many struggle to get by

A Printemps showroom on 29 March 2025. arlos Chiossone /Zuma Press Wire via Reuters ConnectA Printemps showroom on 29 March 2025. arlos Chiossone /Zuma Press Wire via Reuters ConnectThe K-shaped Christmas: wealthy few drive holiday spending splurge while many struggle to get byA soaring stock market rewards the already well-off but Trump’s handling of the economy has caused his approval ratings to plungeEntering Printemps in downtown New York City feels like an escape.

The K-shaped Christmas: wealthy few drive holiday spending splurge while many struggle to get by

Credit: Theguardian

Key Highlights

  • A slight smell of musk hangs in the air as shoppers weave carefully around racks of coats and shelves of handbags and shoes.
  • For the holidays, the store set up a small ice rink on its second floor where skaters perform on weekends. The French luxury retail emporium opened its first New York outlet earlier this year and has said it wants shoppers to feel so comfortable that it feels like their own chic “French apartment”.
  • The store has a bar upstairs, along with a roving champagne cart, and encourages shoppers to sip on their drinks while they browse.
  • Plush carpeting in the dressing room, full of orange and reds, is reminiscent of a Wes Anderson movie set. Across the street at Trinity Church, hundreds of people line up for free food and other necessities.
  • Dodge your way past the steaming potholes and snarling traffic and a doorman welcomes you to another world.
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Sources

  1. The K-shaped Christmas: wealthy few drive holiday spending splurge while many struggle to get by

This quick summary is automatically generated using AI based on reports from multiple news sources. The content has not been reviewed or verified by humans. For complete details, accuracy, and context, please refer to the original published articles.

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