Austrian Times RSS FeedsLike the Austrian Times Facebook page!Follow us on Twitter!


Events for November
M T W T F S S
27 28 29 30 31 1 2
3 4 5 6 7 8 9
10 11 12 13 14 15 16
17 18 19 20 21 22 23
24 25 26 27 28 29 30
Add your event FREE

Today

Videos


BurgKino

Pub Quiz everyTuesday at Johnny's Pub

Popular in Austria


Cosmo&Nanu

Zielpunkt expansion follows sale rumours

Zielpunkt boss Jan Satek has reacted to sale claims with the opening of new stores.

A new Zielpunkt branch was put into business in Vienna-Ottakring last week. The opening occurred a few days after another Viennese Zielpunkt shop and a store in Graz, Styria, started operating. Zielpunkt now runs 302 stores across Austria. More than one in two are situated in Vienna.

Satek said at the weekend he had no plans to sell Zielpunkt. The German entrepreneur transferred an undisclosed sum to German-Luxembourgian investment enterprise BluO in February to take over the company he managed since 2010. Business newspapers recently claimed that the Zielpunkt board met managers of German supermarket chain Edeka for talks about a takeover.

Satek took the opportunity of the new openings to reject the speculations and emphasised that he wanted to focus on expansion. Edeka officials rubbished the reports as well. The Zielpunkt boss identified putting on more pressure on Billa in Vienna as one of his goals. Billa, which is part of Rewe Group’s Rewe International branch, dominates the Austrian supermarket business.

Rewe Austria recently claimed it had a market share of 35 per cent. Megastore company Merkur, discounter Penny and drugstore chain Bipa are managed by Rewe Austria as well. Spar Austria is the second-strongest supermarket company in Austria, followed by leading discount chain Hofer. Hofer is part of the German Aldi Süd Group. There are around 5,000 supermarkets in Austria, down from 5,700 in 2004.

Austrians are spending 12 per cent of their incomes on average on food, according to analysis – which also shows that poorly educated people and households with low incomes invest higher percentage points of their available assets on foodstuff. Austrians and foreign residents of the country who earn comparably little also have a tendency towards unhealthy nutrition, experts have said.

Around 220 Euros are spent on food per household and month. Extraordinarily high sums are forked out for fresh milk, potatoes and apples. Austrian supermarkets and organic food stores achieved a profit of 304.4 million Euros by selling organic food last year, slightly less than in 2010 (minus 0.6 per cent). Eggs are the most popular organic food on offer in Austria with a share of nearly 18 per cent. However, organic bananas and coffee are popular too.

Meanwhile, Rewe International head Frank Hensel has appealed on supermarket industry watchdogs and business authorities to create clearer rules regarding firm chiefs’ communication with distributors and suppliers. Rewe Austria’s actions are currently under close scrutiny by the Austrian Competition Authority (BWB).

Hensel said company heads must be allowed to debate details of planned special offers with suppliers. The German businessman – whose firm is accused of having been engaged in illegal price fixing – appealed on officials to eradicate the many "grey areas" which existed in Austrian law in this regard in his opinion.

Austrian Times


Are you on Facebook? Like the Austrian Times on Facebook and win great prizes!


Cosmo and Nanu
ORF Watch

Related articles: Vienna focus

  1. An Austrian Island Escape at the Insel Hotel

    » Travel 2013-04-01

    Looking out of the window you may think of anything other than summer, but it is rapidly approaching and that means one thing - Summer holidays!

  2. A night of glitz and glamour at Vienna Filmball 2013

    » Panorama 2013-03-18

    Glamour and glitz were out in force at the weekend as stars from Austria and further afield flocked over the red carpet into the Vienna City Hall for a night of awards, dance and partying!

  3. Bonbon Ball crowns Miss Bonbon 2013!

    » Panorama 2013-02-11

    By far the sweetest event in the Vienna Ball season - the Bonbon Ball took place this weekend.

more related articles tagged "Vienna focus"

Related articles: crisis

  1. Drachma reintroduction 'would mean social explosion'

    » General News 2012-05-31

    A renowned economist has warned from reintroducing the drachma in Greece.

  2. EC warns debt-ridden Austria

    » General News 2012-05-31

    Austria has been criticised for its high public debts.

  3. Property prices keep climbing

    » Business 2012-05-31

    A real estate expert has expressed concerns about property prices in Austria.

more related articles tagged "crisis"

Related articles: business boom

  1. Austrian skiers create overnight stay record

    » Business 2012-05-29

    The number of winter season overnight stays by Austrians has reached a new record.

  2. Knoflacher emphasises pedestrian zones' economic effects

    » General News 2012-05-24

    A renowned traffic planner has stressed that shop owners are generally appreciating the introduction of pedestrian zones.

  3. IV demands focus on industry in crisis

    » Business 2012-05-24

    The general secretary of the Federation of Austrian Industries (IV) has appealed on Europeís political leaders to strengthen the continentís industry.

more related articles tagged "business boom"

Tag cloud:
Edeka  supermarket  appealed  chain  stores  Satek  German  Zielpunkt  International  Euros  Rewe  ndash  business  Billa  suppliers  rsquo  Austria  food  Vienna  Hensel

Latest News

 

Mad About Mammoths At Vienna Museum
A unique exhibition in the Austrian capital Vienna has proved a massive hit after bringing together for the first time some of the most famous frozen woolly mammoth remains.

Controversy Over Advert For Fucking Hell Beer
An Austrian political party has defended a decision to promote a local beer named after the village of Fucking.

Luigi Restaurant Cooks Up Delicious Delights For Winter Season
Brothers Luigi and Leo Doci who own the renowned Luigi restaurant chain will be cooking up a storm in Semmering this winter.

Church Porn Star In Court
A Polish-born woman who made a video of herself masturbating in church is facing six months in jail after a viewer called police when he recognised the woman.

Hugh Grant Cuddles Lamb On Animal Farm With Mrs Glock
Hugh Grant led a star-studded turnout at Austria's animal farm project which unveiled its Christmas market this week.

Cheating Wife Buries Hubby Alive For New Lover
A woman who married her sisterís fiance and then attacked him with a knife before burying him alive so she could be with her new lover is facing life in jail.

Spate of Crimes throughout Vienna and Lower Austria Solved
Four men have been arrested after committing 113 break-ins, 21 thefts and causing at least 260,000 Euros worth of damage.

Dad Punished Child, 2, With Boiling Hot Shower
A two-year-old girl is in an artificial coma and fighting for her life after her father threw her into a scalding hot shower leaving her with severe burns at the family home in the Austrian capital Vienna.

Police And Firemen Get Cold Turkey
Flipping the bird was given a new meaning in Austria this week when a truck filled with plucked turkeys overturned, closing a busy motorway in the process.

Hotel Gets A Penthouse Without The Building Stress
A hotel in the southern Austrian city of Graz has gone upmarket with a five-star penthouse suite by simply having it lifted by a crane onto the top floor.

 


Mala Vrata

The most popular stories –
last 7 days



Don't moan alone, the Ombudsman Investigates.

Why suffer in silence. Let off steam by letting our readers share your troubles. File your complaints about anything and everything here.

Our ombudsman David Rogers will try and help solve some of the problems from lazy civil servants through to incompetent companies – and at the very least the worst transgressors will end up in our weekly special report.


Austrian Zimmers