AUSTRIA: FOREIGN CHAINS IN FASHION MARKET

Article Abstract:

A number of foreign fashion retailers and luxury product groups are entering or expanding on the Austrian clothing market. - Hermes is to open a store in Vienna. - In Wear of Denmark is to raise the number of Austrian outlets from eight to 20. - Joop has taken over a former Gazelle store in Vienna. - Mango is to open a store in Vienna in November 1999. Altogether the Spanish company is to open 18 stores in Austria. - The German-French chain Orsay is to open its second store in Vienna in August 1999. - The menswear chain Springfield is to open two outlets in Vienna in September 1999. - Street One is to raise the number of Austrian outlets from 80 to 90. - Zara is to come to Austria at the beginning of 2000, setting up four outlets in Vienna and at least three elsewhere in Austria. - Zero of Germany is to raise the number of Austrian stores from seven to 30 in the next five years.

Zara, Hermes Inc., Zero Corp.

---

AUSTRIA: COURT STOPS SHOPPING DEVELOPMENT RULES

Article Abstract:

Austria's constitutional court has overruled a decree that restricts the building of shopping premises with areas of more than 800 sq.m. According to the decree, new shopping developments outside city centres are not allowed if they drain more than 5% of the turnover of the retail sector concerned. The calculation was based on a radius that can be reached within 10 minutes by car. Rather than all products and services, the court held that the decree should cover only products that are consumed daily or almost daily. It is estimated that the court ruling will result in less strict rules for new developments in fields such as furniture, DIY, tableware and jewellery trade. The decree that had been challenged by Media Markt will become ineffective from 1 July 2000. By then the economics ministry is to draw up a new decree.

Government regulation

---

AUSTRIA: IKEA INVESTING IN STORES

Article Abstract:

The Swedish furniture retailer Ikea is to make investments of Sch 2.7bn in Austria in the next four years. Subject to a final approval by the regional authorities, Ikea will build a 15,400-sq.m store in Innsbruck. It will also modernise the stores in Graz, Haid and Vosendorf. In the fiscal year to 31 August 1999 Ikea's Austrian subsidiary expects a turnover of Sch 3.3bn, up 9.4% from a year earlier.

New capacity, new plant construction, Furniture & Appliance Stores, IKEA Svenska AB

Similar abstracts:

• Abstracts: AUSTRIA: CHAMPAGNE FROM PERRIER. AUSTRIA: EU STOPS ALCOHOL TAX. AUSTRIA: SCHLUMBERGER, STOCK JOIN FORCES
• Abstracts: AUSTRIA: FAST INTERNET ACCESS WITH ONE, NOKIA. AUSTRIA: MOBILKOM TO LAUNCH GPRS. AUSTRIA: STORM TELECOMMUNICATIONS COMING
• Abstracts: AUSTRIA: CINEMA IN MUSEUM. AUSTRIA: MUSEUM PROJECT IN SALZBURG
• Abstracts: AUSTRIA: DISPUTE OVER MOBILE PHONE FREQUENCIES. AUSTRIA: TETRA TRIAL IN BURGENLAND

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.