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Retail Industry
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
Rewe Austria Shows Solid Growth
The German retail chain achieved sales of € 7.47bn in Austria last year, which is a rise of 6.26%.
March 30, 2012
Wolford Group Reports Stable Results
The Austrian textile company posted almost unchanged sales and profits figures. The outlook is cautiously positive.
March 16, 2012
BWB Finishes Razzia at Rewe Austria
Due to suspicions of price arrangements, the Austrian Federal Competition Authority (BWB) secured comprehensive documents of Rewe Austria. The longest razzia in BWB´s history is finished.
March 9, 2012
Rewe is Said to Constrain Investigations
The Austrian Federal Competition Authority (BWB) suspects Rewe Austria to have made price arrangements. Rewe should have constrained BWB´s investigations.
March 6, 2012
Razzia at Rewe Austria Continues
Investigators announced to have found substantial evidence at Rewe Austria, which is suspected of having made price agreements.
March 3, 2012
Car Deal Pappas Achieves Growth in Hungary
The Austrian car dealer group could achieve sales of € 129.1m in Hungary. In spite of the economic crisis, sales climbed up by 12%.
March 3, 2012
Gigasport Withdraws from Czech Republic and Slovakia
The Austrian sports brand closes twelve branches in the Czech Republic and Slovakia. 280 workers are affected.
March 1, 2012
Schlecker Closes Branches
The insolvent German chemist chain shuts down the half of its branches in Germany. In Austria, inprofitable shops will be closed.
March 1, 2012
Rewe Suspected of Price Arrangements
The Austrian Federal Competition Authority (BWB) suspects Rewe Group for having made price arrangements with competitors and suppliers.
February 28, 2012
Baumax Faces Stagnation
The Austrian building center chain records declining sales in real terms in Austria. Growth rates are observed in Eastern Europe.
February 24, 2012
Austrian Outlet Center Market is Saturated
The Eastern European factory outlet center market still has growth potential. Up to 100 new outlet centers are possible.
February 17, 2012
Russia: Great Demand for Austrian Food
Due to rising purchase power of Russian households, Austrian food exports to Russia are booming. In 2012, the Russian retail trade sector is expected to grow by 15%.
February 14, 2012
Schlecker: „Austria Remains Independent“
The insolvent German chemist chain underlines that ist Austrian subsidiary is „definitively not affected“ by the insolvency proceedings.
February 9, 2012
Zielpunkt Gets New Owner
MBO at the Austrian supermarket chain: CEO Jan Satek takes over the company and wants to focus on local supply.
February 7, 2012
Trade Unions: „Schlecker Austria Depends from Germany“
For the Austrian trade unions, talks with Schlecker Austria´s management are “acceptable”. An all-clear would be difficult.
February 2, 2012
Schlecker Austria Will Not Be Sold
The German chemist chain gives the all-clear. The Austrian subsidiary is not affected by the insolvency of the group.
February 1, 2012
Uncertain Future of Schlecker Austria
After the insolvency of the German chemist chain, experts consider that the Austrian subsidiary could be sold.
January 31, 2012
3E Group Grows in Eastern Europe
The Austrian building material company´s revenues were up by 3.2% in 2011. Total sales reached € 546m.
January 30, 2012
Lutz Enters Croatia
The Austrian furniture store group opens its largest center in the SEE region. Market leader Ikea follows in autumn 2012.
January 26, 2012
H&M Registers Sales Decrease in Austria
The Swedish clothing chain records a decrease in sales in Austria.
January 26, 2012
Zero Growth in Austrian Trade Sector
The Austrian trade sector closes the year 2011 with “zero growth”. The Chamber of Commerce expects “very difficult times” for 2012.
January 5, 2012
La Redoute Leaves Austria
The French owner Redcats decided to close the Salzburg-located branch. The French group has to restructure.
December 8, 2011
Trade and Service Sectors Report Loss in Dynamics
Turnover development of Austrian trade and service enterprises slows down.
December 5, 2011
Retail Turnover Down by 1.2%
Sales volume of food retail trade was up by 0.3% in the first nine months of the year while the non-food sector registered a decline by 1.3%.
November 9, 2011
Collective Bargaining Starts in Trade Sector
After the complicated negotiations between employers and the trade union of the Austrian metal industry, the trade sector continues. 520.000 workers are concerned.
October 19, 2011
Trade Chain Adeg to Achieve Turnaround in 2012
The Austrian subsidiary chain of the German Rewe group still faces losses. By 2012, Adeg should leave the red zone.
October 5, 2011
Rising Turnover in Austrian Retail Trade
Stimulation of trade in August 2011 - turnover in Austrian retail trade increased by 4.0%.
October 3, 2011
Stagnation in Food Retail Sector
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.
September 28, 2011
Retail Trade with Significant Drop in Revenue in July
Adjusted for inflation, revenue of the Austrian retail companies declined by 4.6% compared to the previous year.
September 8, 2011
Upward Trend for Austrian Service Industry
Austrian service enterprises achieve turnover increase by 4.6% in the first half of 2011
September 7, 2011
Austrians Buy Less – Sales in Retail Trade Dropped 0.8%
Sales volume of food retail trade was up 0.3% in the first half of the year while the non-food sector registered a decline by 0.8%.
August 1, 2011
Bawag Sells Stiefelkönig to Leder & Schuh
The Austrian shoe retail chain is taken over by its strongest competitor. The deal is subject to approval by the competition Authority.
July 29, 2011
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
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
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
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
Shopping Tourism: Asian Visitors Spending Heavily
Russia remains the top shopping nation while Asian tourists' spending is increasing significantly.
June 14, 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 Unemployment Still Declines
Compared to April 2010, the number of unemployed persons decreases by 5.4%. The number of trainings went down by 19.3%.
May 3, 2011
Austria's Economy Remains Small Structured
About 238,000 or 55.6% of the members of the Economic Chamber are one-person enterprises. Their proportion has even risen slightly recently.
April 7, 2011
Search for SME Owners in Austria
Almost one-fifth of domestic SMEs will be looking for new owners in the next decade. 57,000 businesses and 500,000 jobs will be affected.
March 29, 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
Volkswagen Acquires Automobile Trading Business of Porsche Holding Salzburg
Next major step towards the creation of the integrated automotive group of Volkswagen and Porsche
March 3, 2011
Stable Sales for Rewe Austria
The German food retail group was able to increase its sales moderately last year. The number of employees has increased.
February 26, 2011
Spar: Moderate Growth in Market Share
The Austrian food trade group recorded a sales increase of 4.4% in the previous year. Growth in the CEE region turns out weaker.
February 18, 2011
Strong Growth for bauMax
The do-it-yourself group increased its sales in Austria and Eastern Europe in 2010.
February 18, 2011
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