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All Austrian trade had to accept less than 15 billion euros (5.6 percent) in the previous year through November (December data is still pending). For known reasons, the level of corona affected varies widely within the industry. While food retail achieved a solid nearly 10 percent lead for the year as a whole, the apparel sector in non-food retail had to deal with a good 24 percent less. Furniture, construction and electricity retailers, meanwhile, posted an increase of nearly five percent.
Rainer Trefelik, president of the federal trade division of the Austrian Chamber of Commerce, does not expect a big wave of corporate insolvencies in national retail. “There are many approaches for affected industries to get through 2021,” Trefelik said with a view to state aid. Of course, recently there has been an increase in bankruptcy reports in the fashion trade.
However, you have to look closely at how the company was created before the crisis. Roughly, I believe that with state aid we have set up a network with which it should be possible to overcome the crisis ”. Postscript: “It depends largely on the duration of the crisis.” Y: The fact that companies dominated in 2021 does not mean that the crisis cannot break through until 2022.
