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Peek & Cloppenburg to continue expanding in Austria

Family-owned German clothing chain Peek & Cloppenburg (P&C) said today (Weds) it would continue expanding in Austria.

The firm recently opened a 5,000 square metre store at the Tyrol shopping centre in Innsbruck and today opened a 6,700 square metre store at Shopping City S�d (SCS) in Vienna-V�sendorf. P&C is planning to open one at Vienna�s Donaucenter in October.

An official of P&C, based in Dusseldorf, Germany, said the opening of its 12,000 square metre flagship store on Vienna�s K�rntner Stra�e had been rescheduled for early 2011 and would result in the creation of 200 to 300 jobs.

Henning Riecken, country manager for Austria and Switzerland, said: "We want to be present in all major cities and shopping centres over the middle term."

The chain has 10 stores in Austria that employ 1,500 people. The firm has a policy of not disclosing its turnover and profit, but Riecken said: "We have solid turnover and are continuing to grow."

He added that recession had not had much impact on P&C except for a slight decline in sales of the most expensive items.

Consulting firm RegioPlan says P&C was the third largest clothing dealer in Austria in 2009 after H&M and C&A. P&C recently acquired V�gele and KiK.

P&C, which has been present in Austria for 10 years, has a presence in 14 European countries and will soon expand into Bulgaria.

Austrian Times

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