Losses, bankruptcies: hard times for retail

2023-08-29 16:06:00

“A great economic development looks different,” said Peter Voithofer from the Austrian Economic Institute (iföw) at a press conference of the Chamber of Commerce, alluding to the situation in domestic trade. Nominally, sales increased by 4.4 percent in the first half of the year, but in real terms (price-adjusted) the industry was unable to achieve any growth for nine months in a row. In the first half of the year, the industry lost 3.8 percent in real terms compared to the previous year.

1693325799
#Losses #bankruptcies #hard #times #retail