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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
Retail Trade: No Improvement Expected
After weak first six months, the Austrian retail sector hopes for increasing demand in the second half of 2011. Weak development of incomes reduces consumers’ willingness to spend.
July 27, 2011
Austrians’ Holiday Patterns Are Changing
Traditional summer vacation is getting less important; every third main holiday trip takes place in winter.
July 27, 2011
Austrian Tourism: Slight Increase in Overnights
First third of summer season 2011: Rise in overnights by 3.7% in the period May to June. The number of arrivals reached a new record high.
July 25, 2011
Wolford Doubles Profit
The Austrian luxury clothing company achieved considerable growth in revenue and earnings in financial year 2010/11.
July 22, 2011
Crisis Reaches Retail Sector
Austria’s retail industry starts to feel the effects of a high inflation rate and the euro crisis. In May, revenues declined by 2.3%.
July 21, 2011
Bankruptcy Judge Stops Production at Kneissl
The Austrian ski manufacturer continues the search for an investor. Production has been stopped by the judge in the bankruptcy proceedings.
July 14, 2011
Schlumberger with Slight Growth in 2010/11
The Austrian stock exchange listed champagne and spirits producer has achieved EBIT growth of 50% in the financial year 2010/11. Revenue increased by 2.4%.
July 7, 2011
Casinos Austria Withdraw from Project in Liechtenstein
The Austrian gaming group had applied for the only casino concession in the principality. It now decided to give up its plans due to widely differing ideas of its partner.
July 6, 2011
Strong Decline in Retail Trade Volume
The Austrian retailers recorded a 2.3% drop in trading volume in May. It was the fourth highest decline of all EU member countries.
July 5, 2011
Novomatic Not Interested in Lottery Concession
The Austrian gaming machine manufacturer is not interested in expanding into the lottery business. The company will only apply for casino licenses.
June 29, 2011
Pfanner with Record Investment
The Austrian fruit juice and ice tea producer will make the largest investment in its history. A 5% increase in revenue is planned this year.
June 29, 2011
Retail Sector: New Discussion about Sunday Opening
The current dispute is about the right to open shops on certain lucrative Sundays. The operator of a shopping center has brought in an action at the Constitutional Court.
June 20, 2011
No Money from Al Jaber: Restructuring of Kneissl Has Failed
The last attempt to rescue the Tyrolian ski manufacturer has failed as majority owner Al Jaber has not transferred the € 2.1m necessary to continue business. The company will be liquidated.
June 15, 2011
Palmers on the Way Back to Black Figures
The Austrian lingerie group’s results are still negative due to the acquisition of Lejaby. An expansion of the Palmers brand is planned in Germany and CEE.
June 15, 2011
Shopping Tourism: Asian Visitors Spending Heavily
Russia remains the top shopping nation while Asian tourists' spending is increasing significantly.
June 14, 2011
Swarovski to Invest in US Jewelry Retailer
The Tyrolean optics and crystal group is attracted by a global distribution network of 2,000 stores. The two companies already have a strategic partnership.
June 7, 2011
Swedish Investor Buys Insolvent JoWood
The Austrian computer game producer will resume business after its acquisition. A payout plan ratio for the creditors has not yet been determined.
June 6, 2011
Kneissl: Creditors Accept Restructuring Plans
Al Jaber has to pay € 2m into an escrow account before June 15. Otherwise, the Tyrolian company will be liquidated.
June 1, 2011
Novomatic Considering Application for Lottery Concession
The Austrian gaming machine manufacturer is interested in expanding into the lottery business. An IPO is considered as an option for improving its financing structure.
May 18, 2011
Moderate Earnings Increase for Austrian Post
Revenue up 1.6% from the previous year on a comparable basis. EBIT goes up by 7.6% to € 48.8m. EBITDA margin amounts to 12.4%
May 13, 2011
Sales Increase for Ottakringer Group
The beverage was able to increase its sales by 32% in the first quarter, compared with the same period of the previous year.
May 13, 2011
Falkensteiner Michaeler Tourism Group on Growth Course
With the four-part investment strategy in Central and Southeastern Europe, the Falkensteiner Michaeler Tourism Group AG (FMTG) is on the path to success.
May 12, 2011
Still Rise in New Car Registrations
Registrations of new motor vehicles in April 2011: +2.4%; passenger cars: +5.0%, lorries: -0.1%
May 10, 2011
bwin.party Reports Slight Increase in Revenues
Total net revenue up 2% to €217.8m (2010: €213.9m); average daily revenue up 4% versus the previous quarter with growth in sports betting and casino & other games offset by weakness in poker.
May 9, 2011
Austria's Importance as a Location for Conventions increases
Events, conferences and trade shows are developing as an important part of Austria’s tourism industry. By international comparison, Austria is already ranks in eighth place.
May 5, 2011
Slight Decline in Retail Trades Sales in Real Terms
Turnover in Austrian retail trade increased by 2.1% (nominal) in the first quarter 2011.
May 3, 2011
Austrian Tourism: Small Decrease in Overnights
Current tourism winter season 2010/11: Overnights decreased slightly by 0.9% - rise in overnights in March by 2.7%.
April 29, 2011
Austrians are Patriots when Shopping for Food
A majority of Austrian consumers puts emphasis on the domestic origin of food.
April 27, 2011
Restructuring failed: JoWood on the brink of disappearance
The game manufacturer, already in hard financial troubles for a long time, had to announce today that the restructuring process has failed.
April 22, 2011
Overnight Stays Record for Vienna in March: +3.3%
This year, Vienna recorded its so far highest March concerning overnight stays: 867,000 overnight stays, an increase of 3.3% over March 2010.
April 21, 2011
Sales Increase of 7.4% for Intersport
Sales of Intersport Austria-group grew by 7.4% to € 667.7m (2008/2009: € 622m) in the financial year 2009/2010.
April 20, 2011
Record Results for Arcotel Hotel
ARCOTEL Hotel AG ends the financial year 2010 with extremely positive results. Sole director Manfred Mayer intends to continue expanding in future.
April 20, 2011
Resch &Frisch - Expands to Italy
The baked goods producer was able to increase its sales in 2010 again. The market is to be expanded to the south.
April 13, 2011
Cineplexx Expands
The Austrian cinema operator intends to establish itself in Croatia. A location in the capital was already functioning, and two more have been added now.
April 12, 2011
Team 7: Tripling of Sales by 2020
The natural furniture manufacturer is on the rise. The goal is to reach € 200m in sales by 2020.
April 9, 2011
Schlumberger Takes Over Distribution of Evian and Volvic
The Austrian sparkling wine producer considers this cooperation a "strategic expansion of the beverage competence by means of international Danone water brands".
April 5, 2011
Casinos Austria: Barely Positive
The gambling group managed to prevent a net loss despite massive losses abroad in 2010. Net income is valued at € 3.7m.
March 31, 2011
Falkensteiner Builds in Serbia and Slovakia
The Austrian developer of tourism projects is expanding in the CEE region. The premium segment in the hotel industry is to be strengthened.
March 31, 2011
Strong Profit Growth at Huber
The Austrian lingerie manufacturer managed to increase its earnings by 74%. Sales increase at 3.8% was relatively moderate.
March 29, 2011
BP Austria: Sales for € 1.3bn
The British oil company increased its sales last year from € 1.05bn to € 1.3bn. The operating profit quadrupled.
March 29, 2011
Austria's Gambling Industry Stagnates
Income of Casinos Austria remained constant in the previous year. Online lotteries grew while traditional lotteries lost ground.
March 26, 2011
Shares of bwin.party to Start Trading in Vienna
The stocks of bwin.party Digital Entertainment PLC (“bwin.party”), which starts listing on the London Stock Exchange as of 1 April 2011, will also be traded on the Third Market of the Vienna Stock Exchange.
March 26, 2011
Trend Reversal in Austrian Winter Tourism
Current tourism winter season 2010/11: -2.1% decrease in overnights due to slump in February
March 24, 2011
Concerns about "Eurovegas"
The Austrian-American project for the construction of Europe's largest casino meets increasing opposition.
March 16, 2011
Bwin & Party Gaming: Merger Plan Requirements now met in Austria
Merger between Austrian bwin Intereactive Entertainment AG and British PartyGaming planned to complete on 31 March 2011.
March 16, 2011
Austrian Post: Stable Turnover, Increasing Earnings
Revenue was up by 0.3%. EBIT rose by 5.0% to € 156.9m. Dividend proposal to the Annual General Meeting: € 1.60 per share
March 16, 2011
Geinberg Thermal Springs are Expanding
The Upper Austrian Wellness facility is being expanded massively and gets its own luxury area.
March 15, 2011
Austrian Post Announces Changes of Executive Board
Walter Hitzinger is appointed as director of the mail and retail division. Walter Oblin succeeds Rudolf Jettmar as CFO.
March 15, 2011
Moderate Rise in Turnover for Austrian Service Industry
Austrian service enterprises have overcome the economic crisis: Turnover increase of 3.3% in 2010, employment activities booming
March 10, 2011
Gastronomy Rejects New Beverage Tax
Austria's restaurateurs and brewers fear an "attack on tourism and restaurant culture."
March 9, 2011
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