Then in the textile industry: According to Palmers, the Viennese fashion store Jones is now closed and he will give up 30 branches in Austria at the end of June. The company had already applied for bankruptcy twice in recent years.
The retreat of the brand also influences ten franchise -conducted stores and more than a hundred sales points of sale in specialized stores and 110 employees. For two -thirds of them there should already be interested in stores.
Sale of mid -April
The head office in Vienna Landstrasse and the online store will be closed until the end of June, franchise contracts are dissolved and a collection of collections starts mid -April (also in the online store).
With the exception of four locations, three fashion brands will take over all stores and Jones follow as a tenant. One of them is more and more. The textile chain in Turkish property expanded from Munich to 16 countries. Now the group protects three to four branches in Austria.
Liberty Fashion must take over at least seven areas. The German dealer (more than 100 stores in Germany) has so far only been represented in Innsbruck. As a successor to Jones, the Salzburg Fashion Label Pattern Room also takes the step to Vienna. The location on the ditch in the heart of Vienna, which Jones served as a shop window, is looking for new operators on the free market.
Splus of sales as a result of consumption flocks cannot be created
“Given the changed consumption habits and the strong cost increases, we have not succeeded in developing a sustainable solution for the future of Jones, despite intensive savings measures,” said company boss Gabor Rose. “Every year we need the turnover increase of 10 to 15 percent to manage costs. We do not believe in a turnover increase of 10 to 15 percent, nor are our customers ready to pay 10 to 15 percent more for the goods,” Rose said about the “Kroon”.
Palmers also closes branches
Cleaning up the market has long been active in the textile industry, the most recently the traditional house Palmer has touched it. The insolvency laundry closes 36 branches, 117 employees are affected, the company said a month ago. The continuous financing of the operational company is “currently secure”.
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.
