The latest retail and consumer industry and company news and analysis from FriedlNews
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Austrian Retail and Consumer Headlines

Zielpunkt Bankruptcy - Also Hofer and Lidl Want to Acquire Shops

The Austrian discount chains could take advantage of Zielpunkt’s insolvency to grow faster in Eastern Austria, in particular in Vienna. Just as retail giants Rewe and Spar, also Hofer and Lidl are interested in some Zielpunkt shops.

November 26, 2015

BauMax Insolvent Retailer Suffered EUR 158 Mln Loss in 2014

Insolvent DIY chain bauMax suffered a EUR 158 million (USD 167.7 million) loss in 2014, slightly worse than EUR 152.7 million loss a year earlier, the company said in a report cited by the daily WirtschaftsBaltt.

November 26, 2015

Zielpunkt Retailer Insolvent - 2,500 Employees Affected

Retail chain Zielpunkt, owned by Upper Austrian retail group Pfeiffer, will file insolvency motion to the Vienna court of commerce on December 1, Pfeiffer said.

November 26, 2015

Christmas Season - Mail Order Business in Austria Booming

If the expectations of the mail order sector come true, there will be a literal flood of parcels this year before Christmas. "We expect in Christmas season this year sales growth of 15 percent” the head of Unito group (Otto, Universal, Quelle, etc.), Harald Gutschi told journalists on Tuesday. The terror attacks in Paris have additionally raised online orders.

November 24, 2015

Austrian Hotel Industry Optimistic about Winter Season

The winter season is going to be rather good, the hotel industry association in Austria (Österreichische Hoteliervereinigung (ÖHV)) predicts. Increasing burdens weighed down on investment plans of the sector, it was stated in a press release issued by ÖHV.

November 23, 2015

Tourism in Salzburg - More than 26 Million Overnight Stays

The tourist season 2014/15 brought the province of Salzburg more than 26.2 million overnight stays, which is the best result since record-keeping started. Growth was recorded both in summer and in winter. The tourist year begins on November 1 and ends on October 31 of the following year.

November 19, 2015

Sports Gear Maker Head to Steer German and Austrian Operations from Munich

Sports gear maker Head of Swedish-British business man Johan Eliasch will run its Austrian and German business from Munich, Salzburger Nachrichten reports.

November 19, 2015

Online Retail Growing Faster in Austria than in Germany

The online retail in Austria has been growing faster than it has in Germany, a new survey indicates. The 250 biggest online shops in Austria generated a revenue of EUR 2.1 billion (USD 2.24 billion), which marks an increase of 11.6 percent, whereas in Germany the growth was 9 percent. The concentration on the market, led by Amazon, continues.

November 18, 2015

"Le Meridien” Hotel in Vienna Files for Insolvency

Operator of the "Le Meridien” hotel in Vienna, Barvie GmbH has filed for bankruptcy. Proceedings have already been launched KSV 1870 and AKV informed APA. The reason for this is a dispute concerning rent for land property. The operator is lagging behind with rent payments. The hotel itself is profitable, according to KSV, and it is supposed to continue operating.

November 16, 2015

Bet-at-Home Pretax Profit Increased by 29 Percent

Online gambling provider bet-at-home substantially raised its profits in the first three quarters of 2015. Pretax profit increased by almost 29 percent to EUR 23.1 million.

November 10, 2015