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


Events for December
M T W T F S S
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 31 1 2 3 4
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:
stores  Rewe  food  business  Satek  suppliers  Zielpunkt  supermarket  appealed  ndash  Edeka  chain  Euros  rsquo  German  Hensel  Vienna  Billa  International  Austria

Latest News

 

Ebola's deadly reach impacts Vienna student
Austria has yet to record its first case of Ebola, but the feared virus has already had a severe impact on the lives of Africans living in Vienna.

Grigorij Sokolov Works His Magic At Vienna Konzerthaus
Whilst the world-famous Wizard of Oz played at the Volksoper, there was another Wizard in the Konzerthaus giving his 16th performance in Vienna!

Penelope Cruz To Play The Ice Cream Killer
The memoirs of the woman dubbed the Ice Cream Killer after she shot dead two ex-lovers before hacking the bodies up with a chainsaw and telling neighbours the noise was a new ice cream machine are due to be turned into a blockbuster with Penelope Cruz playing the lead role.

Kid Left In Coma After Beaten By Teacher For Talking
This is the shocking image of a little Chinese girl before and after she was punished by her teacher - for talking in class.

Freezing Rain Causes Chaos In Central Europe
Freezing weather has arrived in Europe with a vengeance with a layer of ice blanketing parts of Austria, Germany and the Czech Republic and causing traffic chaos.

Holey Smoke As Car Disappears Down Sinkhole
Motorist Wei Hsiao found himself in a hole lot of trouble in China when a giant sinkhole opened up on the road beneath him, swallowing his entire car.

Shock Moment Police Helicopter Explodes On Street
This is the moment a police helicopter exploded into a spinning ball of flame in Chile when a fire truck clipped one of its rotors.

More Than Twenty 100,000 GBP Motors Used In Bridal Convoy
A Chinese couple who wanted to have the most expensive wedding convoy possible arranged for a convoy of top of the range cars including a stretch Hummer followed by Lamborghinis, Porsches and other VIP motors.

Riot Police Star In Downs Syndrome Calendar
Spanish riot police have joined forces with Down's syndrome kids to take part in a special calendar for charity.

Chinese Nuclear Winter Smog Leaves Clinics Full
Fresh proof of Chinese scientists' claims that the country's toxic air pollution resembles a nuclear winter are shown by these images that show clinics and hospitals packed with patients suffering with trouble breathing.

 


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