Read the latest headlines about developments in the international retail and consumer industry in Vienna and Austria
Page 9/11

Vienna International Retail and Consumer Industry News

Bawag and Post Share 520 Branches

Investments in the common branch network of the Austrian Post and the U.S. fund Cerberus owned Bawag are running.

January 14, 2011

Sales Increases for the Pfeiffer Group

The Upper Austrian commercial group increased its sales last year to € 682m. Price pressures are however immense, according to Pfeiffer.

January 13, 2011

Crash of JoWood’s Share

After the insolvency submission, the Austrian game manfacturer’s shares had to be suspended from trading. On the first trading day, the share fell by 30%.

January 12, 2011

Record of New Car Registrations

The number of registrations of new passenger cars registered an increase in Austria of 2.9% compared with 2009, with a total of 328,563 vehicles.

January 12, 2011

Optimism at JoWood After Insolvency

The Austrian manufacturer of computer games is convinced of the continuity of the company. There are already interested parties with whom negotiations are being held.

January 10, 2011

Austrian Tourism Operators Continue to Invest Heavily

Investment in the tourism business is estimated at € 5.0bn for 2011. The previous year’s level will therefore be maintained.

January 10, 2011

Austrian Tobacco Industry Fears Cigarette Smuggling

According to the presently Japanese Austria Tabak, 20% of cigarettes are already smuggled. The tobacco tax is expected to increase this trend even more.

January 10, 2011

JoWood Applies For Insolvency Proceedings

The Austrian Computer Game Manufacturer has to declare its efforts towards restructuring as failed. Now the procedure of capital reorganization starts.

January 7, 2011

Kneissl: "Al Jaber pays"

The Tyrolean ski manufacturer promises once more to pay its debts. The state prosecution is already looking into the matter.

January 5, 2011

JoWood Sues Former Shareholder

Vienna Stock Exchange listed JoWooD Entertainment AG today filed a law suit demanding payment of an amount of € 2.36m plus interest.

January 5, 2011

Kneissl: Insolvency Seems Inevitable

The traditional Austrian ski producer Kneissl, owned by the Arab investor Al Jaber, did not pay its mature liabilities for months.

January 3, 2011

Red Bull Massively Invests in Upper Styria

The Austrian energy drink producer Red Bull re-opens the former Formula1 race track in Styria.

January 1, 2011

Structural Change in Austrian Winter Tourism

Despite the current good bookings in Austrian winter tourism, the industry will have to reorient in the long term. Guests may fail to appear soon.

December 31, 2010

REWE Group Focuses on Wind Power

6500 MWh of electricity per year are generated by wind turbines in the Lower Austrian Haindorf. The energy produced is bought by the REWE Group.

December 28, 2010

Tourists from Russia Increase

The number of Russian guests in Austria continues on the rise. A double-digit growth might even be possible again.

December 28, 2010

Further Rise in Energy Prices for Households

Austrian energy prices in November 2010 were higher by 5.8% compared to the previous year. Only gas became cheaper.

December 27, 2010

Generali Money Study: What Austrians Will Spend their Money on in 2011

More money will be spent on vacations, housing and sports. Propensity to consume is higher in men.

December 27, 2010

Schlumberger: Seasonal Business Goes Well

Austria's largest producer of sparkling wine was able to improve its results and sales. Only the cash flow remains negative.

December 27, 2010

Merger Between Bwin and PartyGaming Finished

The common company, bwin.party digital entertainment, will be the world’s largest publicly listed online gaming provider.

December 24, 2010

AustrianTourism Figures Increase.

According to Statistik Austria, the winter season started with positive figures in Austria: November breaks a new record in overnight stays with 3.8m..

December 23, 2010

New Markets for Red Bull and Rauch

The Austrian Food companies Rauch and Red Bull open new distribution networks through the Croatian Atlantic Group.

December 21, 2010

Potential of Austria's Creative Industries

Mitterlehner and Leitl: the Austrian creative industry accounts for 60,000 cross-industry jobs and acts as an export driver.

December 20, 2010

JoWood is Deep in the Red

The Vienna game developer has to accept a loss of over € 25m in the first three quarters. Sales have fallen sharply.

December 17, 2010

Ottakringer expands range of products

The Austrian beverage company performed four significant acquisitions, causing Ottakringer to be also represented in the CEE region.

December 16, 2010

No competition for Austrian Post

The letter market remains under control of the Post in Austria. Despite liberalization plans, there are no interested parties on the market.

December 15, 2010

Austrians spend about € 2.5bn on gifts

Spending propensity shows a rising trend. Cash is still the most widely means of payment.

December 14, 2010

A Las Vegas for Europe

On the Austria-Hungarian border, the European “EuroVegas” gaming metropolis is to be built for € 5.0bn.

December 8, 2010

Increase of Austrians’ Purchasing Power

Despite higher taxes and lower benefits, the purchasing power of the Austrian people will grow in 2011 by an estimated 2.6%.

December 7, 2010

Sales Gowth in the Services Sector

In the third quarter, trade and services reached a revenue growth of 7.2% over the previous quarter of this year and of 5.2% over the same quarter of the previous year.

December 7, 2010

Sattler AG Expands to the U.S.

The Austrian specialty textiles manufacturer based in Graz, acquires the American brand Outdura in North Carolina.

December 6, 2010

Significant Losses at JoWood

The Vienna computer game manufacturer JoWood released its semi-annual report. The loss amounts to € 24 million.

December 5, 2010

DO & CO - Good Results in a Difficult Environment

The Austrian catering company Do&Co; currently achieves high growth in profits. Globally, Do&Co; however remains a small player.

December 2, 2010

Joint Venture Between Swiss and Austrian Post

The Swiss and the Austrian Post have planned a joint venture to bundle international activities. The EU Commission has now issued its authorization.

December 1, 2010

Growth Trend in Austrian Advertising Market

After the crisis year 2009, the Austrian advertising industry expects strong growth. The first signs are already visible.

December 1, 2010

bauMax Expands Further in Romania

On November 30, 2010 the Austrian DIY chain bauMax inaugurated its thirteenth Romanian market in Constanta.

November 30, 2010

Salary Increase in Trade up to 2.3%

Low incomes are taken more into account than higher salaries; the minimum wage in trade now amounts to € 1,300.

November 30, 2010

DO & CO Completed Capital Increase

The Capital Increase of Do & Co Restaurants & Catering AG has taken place successfully. The subscription and offer price was set at € 21.90

November 29, 2010

Kneissl: Bankruptcy Application Possible Despite Capital Increase

The traditional Tyrolean ski manufacturer Kneissl is possibly facing lawsuits and bankruptcy applications.

November 25, 2010

Food Industry Under Pressure

Above all, lack of capital and high labor costs are plaguing Austrian food producers.

November 24, 2010

Encouraging Development of Austrian Tourism

The summer 2010 season ended successfully: the number of guests reached an all-time high record of 17.9 million, 62.5 million overnight stays are the best value since 1995.

November 24, 2010

Study: Austrian Thermal Market Saturated

The regional management Burgenland has commissioned a study on the regional thermae. The offer is currently exceeding the demand.

November 19, 2010

Bwin Announces Q1-Q3 2010 Results

Considerable decline in earnings and profits: EBIT fell by 70%, Result after tax shrank by 67%.

November 18, 2010

Hoteliers: Threat of Staff Shortage

On one hand, hotel owners are confronted with more vacancies, on the other the seasonal contingent is reduced, so they are calling for the opening of the labor market.

November 17, 2010

GPA: Private Employees Receive 2.2% Salary Increase.

Bigger salaries in trade, crafts and consulting: the negotiators consider this to be a "reasonable result".

November 17, 2010

Post AG Announces Results for Q1-Q3 2010

The Austrian Post experienced a very stable period. Sales declined slightly, EBIT and cashflows increase moderately.

November 17, 2010

No Bankruptcy Proceedings Against Kneissl

Contrary to what has been speculated for days, no bankruptcy proceedings have been filed against the Tyrolean ski manufacturer. Five execution applications have been filed however.

November 15, 2010

Mobile Telephony: Growth and Continous Upward Trend

The use of mobile phones and telecommunications industry services continues to increase strongly in Austria.

November 12, 2010

Ottakringer Expands

After restructuring, the Vienna beer and mineral water producer plans to grow through acquisitions.

November 12, 2010

Manner: Slight Decline in Sales and Profits

Sales of the Viennese confectionery manufacturer are 1.4% lower that those of the previous year. Continued high prices of raw materials put pressure on the results.

November 11, 2010

Post Partners: The Concept Establishes Itself

The concept developed by the Wirtschaftskammer and the Post is more successful than expected. In total it should come to 2,000 branches.

November 9, 2010