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Vienna International Retail and Consumer Industry News
Read the latest headlines about developments in the international retail and consumer industry in Vienna and Austria
Hungarian Retail Sector Struggling on Several Fronts
The recession in Hungary is also affecting the Hungarian retail sector. A weak labour market combined with declining purchasing power is dampening consumer spending, a development which is reflected in weak retail sales.
October 8, 2012
Spar Records Losses in Hungary
The Austrian retail chain operates 400 branches in Hungary. The economic crisis caused substantial losses.
September 13, 2012
Lower Losses at bwin.party digital entertainment
In its Half year report for the six months ended 30 June 2012, a solid growth in Clean EBITDA was recorded. Losses were down from € 41m to € 21.3m.
September 1, 2012
bwin Enters into Partnership with Manchester United
bwin, Europe’s leading sports book, today announces a new agreement with Manchester United to become the club’s official online gaming and betting partner.
August 18, 2012
Strong First Quarter for Do & Co
Today, the Austrian catering company issued its results for the first quarter of the financial year 2012/2013. Sales, earnings and profit were up.
August 16, 2012
Austrian Post: Rise in Earnings
Revenue growth (+3.1%) and earnings improvement (EBIT +13.5%) in the first half of 2012 Outlook for 2012 confirmed despite unstable economic environment.
August 10, 2012
Drastic Concentration in Austrian Retail Industry
Retail trade chains are dominating the Austrian retail trade market. Small suppliers are being forced out of the market.
August 4, 2012
„Dayli“: Up to 20% Yield
With the acquisition of Schlecker Austria, the Austrian investment funds TAP 09 wants to achieve the turnaround soon.
August 2, 2012
TAP 09 Wants to Expand with Former Schlecker Branches
The Austrian investment funds, which took over Schlecker Austria this week, wants to enlarge the number of branches substantially.
August 1, 2012
Bankruptcy Prevented: Schlecker Austria Becomes „daily“
The Austrian investment funds TAP 09 acquires the financially stricken chemist chain. Schlecker Austria should become a local grocer.
July 31, 2012
Schlecker Austria to be Rescued?
The Austrian subsidiary of the bankrupt German chemist chain and its subsidiaries in Poland, Italy, Belgium and Luxembourg may be continued.
July 30, 2012
Austrian Retail Industry: Concentration Goes On
In the first quarter of 2012, 38% of all retail trade branches were operated by retail chains.
July 26, 2012
Schlecker´s Financial Situation Becomes Critical
Schlecker Austria, the subsidiary of the insolvent German chemist chain, is becoming more and more problematic. The liquidity is said to be used up in a few days.
July 25, 2012
MTH Takes Over Schlecker´ Subsidiary
MTH, the investment company of the Austrian industrialist Josef Taus acquires 109 branches of IhrPlatz, a subsidiary of the insolvent German chemist chain.
July 20, 2012
U.S. Zumiez Acquires Austrian Action Sports Retailer
Blue Tomato Sold for € 60m. Zumiez Inc. Acquires Leading Austrian Action Sports Retailer
July 18, 2012
Schlecker Austria: Time Pressure Grows
The potential buyers of Schlecker Austria are still highly skeptical. Until August, a decision must be taken.
July 18, 2012
bwin.party´s Earnings Under Pressure
The Austro-British entertainment company issues a pre-close trading update. Due to new taxes in Germany, the expectations are decent.
July 10, 2012
Schlecker Austria Sees High Probability of Takeover
The insolvency manager of the German chemist chain Schlecker sees a favorized potential buyer for Schlecker Austria.
July 9, 2012
Oblin New CFO at Austrian Post
The previous strategy manager Walter Oblin succeeds Rudolf Jettmar as Chief Financial Officer.
July 2, 2012
„Good Prospects“ For Schlecker Austria
The insolvency manager of the bankrupt German chemist chain views „promising talks with potential investors“.
June 30, 2012
Dismal Prospects for Schlecker Austria
An insolvency of Schlecker Austria seems likely. A sale to MTH is still uncertain.
June 25, 2012
Austrian Tourism Has Good Prospects
Start of summer season 2012: 16.8% more overnights and 14.4% more guests in May 2012.
June 25, 2012
Austrian Lotteries Apply for License in Albania
The Albanian Ministry of Finance offers licenses for foreign applicants. A heavy dispute occurs.
June 22, 2012
Schlecker Austria Threatened by Insolvency
The Austrian subsidiary of the insolvent German chemist chain must find a buyer in order to prevent its own bankruptcy.
June 19, 2012
MTH Group Considers Taking Over Schlecker Austria
The industrial holding group MTH may acquire the Austrian subsidiary of the insolvent German Schlecker Group.
June 12, 2012
Austrian Post Signed Deal in Bulgaria
The presence of a company of such a scale in Bulgaria became possible after acquiring shares in the postal operator М&BM; Express.
June 11, 2012
Small Growth Rate in Austrian Service Industry
Austrian service enterprises achieved an increase of turnover by 4.0% in the first quarter 2012.
June 5, 2012
„Schlecker Austria is Solvent“
The spokesman of Schlecker Austria is optimistic to find a buyer for the Austrian subsidiary of the insolvent German chemist chain.
June 4, 2012
No Future for Schlecker
The insolvent German chemist chain will be closed. Fort he Austrian subsidiary, the search for a buyer goes on.
June 1, 2012
Schlecker Austria: Sale Seems Likely
The Austrian subsidiary of the German chemist retail chain is said to be sold.
May 30, 2012
Century Casinos Closes $ 27m Credit Agreement
The Vienna-listed casino operator secured a $ 27m loan and intends to refund mortage debt.
May 30, 2012
Do & Co: Rise in Revenues and Earnings
The Austrian catering company presented results for the fiscal year 2011/2012 today. Do & Co´s net income increased by 25.1%.
May 24, 2012
New Records for Austrian Tourism
Winter season 2011/12: with 64.3 million overnights still at a high level; new record of 16.4 million arrivals.
May 24, 2012
bwin.party received licence in Germany
The British-Austrian betting company is allowed to operate online sports betting in the Northern German province of Schleswig-Holstein.
May 24, 2012
Rising Revenues at Novomatic
The Austrian vending machine producer recorded a 17.2% in revenues. The gambling segment was Novomatic´s growth driver.
May 22, 2012
Great Demand for Austrian Tourism Knowledge in Bulgaria
The Bulgarian tourism industry pushes for an improvement in quality. Austrian AWO brings together Austrian suppliers and potential business partners in Bulgaria.
May 21, 2012
bwin.party: € 33m License Fees in Spain
The British-Austrian gaming company has to pay € 33m to Spain authorities.
May 21, 2012
Record Results at RWA
Raiffeisen Ware Austria achieved an increase in revenues of 26%. EBIT rose by 23.3%.
May 16, 2012
Stable Results for bwin.party
Total revenue was up by 1% to € 215.9m (2011: € 214.0m) with strong growth in casino & other games as well as other revenues partially offset by a softer gross win margin in sports betting
May 16, 2012
Satisfactory Results at Austrian Post
Revenue was up by 6.0% above the prior-year quarter. An EBITDA rise of 7.0% to € 75.8m was recorded. The outlook for 2012 was confirmed.
May 16, 2012
bwin.party Expands in California
The Austrian-British gambling company achieved an online poker agreement in California
May 8, 2012
Century Casinos Records Rising Earnings
The New York and Vienna-listed Century Casinos, Inc. announced its financial results for the three months ended March 31, 2012. Operating income was up slightly.
May 7, 2012
Decent Growth in Austrian Retail Trade Sector
Sales rose by 2.3% for Austrian retail trade in the first quarter 2012.
May 4, 2012
Austrian Post Continues Expansion in CEE Region
With the purchase of “Kolportaz Rzetelny” and a stake in “M&BM; Express”, Austrian Post expands its Network in Poland and Bulgaria.
May 3, 2012
Pfeiffer Group Gets In Zielpunkt
The Austrian wholesale trader acquires a 24.9% stake in the retail chain Zielpunkt. The cartel authorities still must approve the deal.
May 1, 2012
Casinos Austria International Records Massive Losses
Casinos Austria Group posts minimal profits. Losses of the subsidiary Casinos Austria International could be offset by the Austrian division.
April 14, 2012
Zielpunkt: „Not for Sale“
The new owner of the Austrian supermarket chain, Jan Satek, says that there are no plans to re-sell Zielpunkt.
April 10, 2012
Lutz Continues Expansion Program
The world´s second largest furniture house intends to grow in Eastern and Southeastern Europe.
April 7, 2012
Meinl: Big Plans in Russia
The Austrian coffee roaster regards the CEE region as future market. Also China and Turkey are targeted. Last year, group revenues rose by 16% to € 125m.
April 5, 2012
Schlecker: „Jobs in Austria are in Safety“
The Austrian subsidiary of the insolvent German chemist chain Schlecker is not affected by the shut-down program. Jobs are “relatively safe”.
March 30, 2012
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