Stagnation in Food Retail Sector

BusinessEconomy ♦ Published: September 28, 2011; 21:43 ♦ (Vindobona)

Total revenue of the sector grew by only 1.9% in 2010. The market is ruled by retail chains which own 98% of total selling space.

Stagnation in Food Retail Sector / Picture: ©

The Austrian food trade sector is stagnating. According to a recent study conducted by the consulting company RegioPlan, total revenue amounted to € 17.3bn in the year 2010. Compared to 2009, it increased by only 1.9% nominally which corresponds to the inflation rate. The development was mainly driven by the poor performance of discounters which achieved a plus in revenue of only…