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Strong Sales and Weak Profits in Austria's Retail Business
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Almost all sectors recorded sales growth, but not all businesses benefited from the boom: "Sales growth is not equal to profit growth".
Strong Sales and Weak Profits in Austria's Retail Business / Picture: © Vindobona.org
The Austrian retail business generated a nominal sales growth of 2.7% (real +1.2%) in 2010, compared with 2009. "The growth in sales lay well above that of past years. And the local retail business recorded, for the first time since 2006, real sales growths", Fritz Aichinger, chairman of the Federal Trade Division of the WKÖ, shows himself pleased. Together with Peter Voithofer,…
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