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

Association of Hoteliers Wants Better Climate for Investments

According to the association of hoteliers, the Austrian economy urgently needs to boost investments. A more friendly tax system could help in that. "The tax model that we have right now won’t rescue Austria as location for investments” vice-president of ÖHV Gregor Hoch said at a press conference.

June 22, 2016

Anti-trust Court: Fruit Juice Producer Rauch has to Pay EUR 1.7 Million

Antitrust court has imposed a fine of EUR 1.7 million (USD 1.916 million) on the Vorarlberg-based juice concern Rauch for price collusion. The decision of the court is legally binding.

June 22, 2016

International Retailers Flocking to Austria

International retailers are opening more and more branches in Austria. Last year 24 international brands arrived in Vienna. Especially European retailers are expanding.

June 17, 2016

Austria Boasts Third-Biggest E-Bike Sales in Europe

Austria is ranked third in terms of sales of electric bikes in Europe, right after the Netherlands and Belgium. Over 1.3 million e-bikes were sold in the EU last year, in Austria it was 77,220. At the moment there are 300,000 e-bikes in Austria.

June 17, 2016

Gamers Sue Novomatic

After the Higher Administrative Court (VwGH) overruled recently the gambling licence or Novomatic, the listed Austrian gambling group, in the latter’s home province, gamblers proceed to file suits against the company, arguing the license had been revoked "ex tunc”, meaning Novomatic operated gambling machines illegally and has to reimburse money spent.

June 14, 2016

Novomatic Gaming Ordered to Refund Gambling Addict by Court

Lower Austrian gaming group Novomatic has to refund EUR 105k lost by a gambling addict represented in court by the group's former business partner Thomas Sochowsky, the regional court in Wiener Neustadt ruled. The ruling is not binding. Novomatic has already appealed the ruling, according to the court representative Birgit Borns.

June 8, 2016

Uniqa Eyes Over EUR 100 Mln from Design Tower Sale

Listed insurer Uniqa expects to obtain over EUR 100 million (USD 113.5 million) from the sale of the Design Tower building in Vienna, the company's spokesman said, confirming an earlier report by broadcaster ORF. The sale of the building, which houses primarily a Sofitel hotel, is in line with the company's long-assumed strategy of focusing on core business, he added.

June 7, 2016

Justice Minister Pushes for Rental Law Reform

Justice Minister Wolfgang Brandstetter (ÖVP) wants to do away with a stalemate in talks between the coalition partner regarding the rental law reform. At the moment the coalition partners have vastly differing ideas as to the reform, but, in the minister’s opinion, amendments are so important that legislators ought to overcome their differences and reach a compromise.

June 7, 2016

Eurozone Retail Sales Up 1.4 Percent in April

According to Eurostat data for April, the retail sales volume rose in the eurozone by 1.4 percent y/y (stable m/m), and in the whole EU it climbed by 2.4 percent y/y, but 0.5 percent m/m. In Austria the sales volume edged up 1.3 percent y/y and 1 percent m/m.

June 6, 2016

Karstadt Head Mulling New Launches

The CEO of department store chain Karstadt, Stephan Fanderl, declared that the restructuring of the German chain was proceeding swiftly. The group has been owned by Austrian investor Rene Benko since 2014. According to Fanderl the moment has come to think about growth and possibly even open a new branches, it follows from an interview featured by Handelsblatt.

June 6, 2016