Crisis in the trade: Alarming bankruptcy wave and job reduction 2025!

Crisis in the trade: Alarming bankruptcy wave and job reduction 2025!

The Austrian trade landscape is on the abyss - the numbers are alarming! According to the Austrian Chamber of Commerce, there was a 1 percent drop in sales in 2024 in a row in a row, which pressed the total revenue to around 307 billion euros. This worrying development is primarily due to the weak purchase mood of consumers and a persistent inflation, as Die Krone . The crisis is not only shown in stagnating sales figures, but also in a worrying wave of bankruptcy - over 1,085 companies had to give up, which corresponds to an alarming increase of 18 percent. The furniture and sporting goods trade are particularly affected, which had to accept a massive decline of up to 9.4 percent.

alarmed traders demand immediate measures

"We are still in crisis, you can't talk that away," said sales representative Rainer Treelik. He warns of the need for political support to save the stumbling trade. This is expressed in an urgent appeal to the upcoming government to reduce the inconsistencies of wage costs and reduce bureaucratic hurdles. The pressure on the companies is growing: a total of more than 4,500 jobs have been deleted, which illustrates the consequences of sales declines in retail. There was only a sales increase of 4.3 percent in the food trade, while the rest of the retail trade suffered from the weaker demand, as well as determines the press

In order to address the pressing problems, Treffelik specifically demands incentives for full -time work and a revision of the income tax system to integrate more people into the labor market. At the same time, the need to stop the cost dynamics of energy prices and rents is emphasized. Meanwhile, a small light on the horizon is shown: Treffelik hopes for positive developments and plans to take the swing of the fourth quarter of 2024 into the new year. However, an upswing only seems possible if the circumstances improve significantly and consumers gain confidence in economic stability again.