Gigasport closes branches: 100 jobs affected in the region

Gigasport closes branches: 100 jobs affected in the region

The sporting goods trade faces major challenges, and the latest developments in Gigasport illustrate this. The company has announced that four out of a total of 14 branches. This drastic measure, which is surprising for many, will be carried out by the end of January 2025. The affected locations are located in Wolfsberg, Spittal/Drau, Leoben and Innsbruck.

This decision affects about 100 jobs. In addition to the closures, Gigasport also plans extensive savings in the central area. In an official announcement it was explained that the past few years for the entire economic sector, especially in sports retailers, were disproportionate many difficulties. The effects of corona apandemia, the energy crisis and an overall weak economy have added to the company.

background of the closures

The loads that Gigasport is used with are not new. The sporting goods industry itself has been struggling with sales declines for a long time. Cycling in particular was struck strongly after the initial sales boom during the corona crisis. The inventory is high and many dealers have come under pressure due to this situation.

Another serious factor is the bankruptcy of the Sport 2000 Group in 2022, which also had an impact on gigasport. Sales in the entire sporting goods industry dropped to a total of EUR 2.28 billion, and the number of employees has also developed negatively, with a decrease of 1.7 percent.

Developments in the industry are alarming and show how important it is for companies to re -position itself in such an economic environment. Gigasport now seems to take this step to react to the changed market conditions and possibly ensure the future stability of the company. Details on the exact cost reduction measures are expected in the coming weeks, while the focus will continue to focus on the region and the employees. More information about the situation can be found in a recent report at www.sn.at .