Humanic, Deichmann and smaller specialist shops want to increase turnover again after the difficult corona period and make up for the losses. How the chains and purchasing combinations now want to continue their expansion in Austria.
The domestic shoe trade is slowly recovering from the corona shock. In 2020, the industry lost more than 20 percent, after a small plus in 2021, a growth of more than eight percent is expected for 2022. “Unfortunately, we have not yet been able to make up for the losses. But we are confident that we will succeed this year,” said division spokesman Friedrich Ammaschell. Because events such as weddings or theater and opera visits are taking place again, the sale of classic shoes is increasing sharply.
Source: Krone
I’m Ben Stock, a journalist and author at Today Times Live. I specialize in economic news and have been working in the news industry for over five years. My experience spans from local journalism to international business reporting. In my career I’ve had the opportunity to interview some of the world’s leading economists and financial experts, giving me an insight into global trends that is unique among journalists.
