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Sports retailer Hervis plans to reduce its number of stores in Austria from 70 to between 50 and 55 by the end of 2027, with the new CEO focusing on a younger, digitally-savvy customer base. The company cited a deficit in its business model as the reason for the drastic downsizing.
Kurier:
Hervis to cut stores, aims to be less discount-focused
The retail chain Hervis plans to reduce its number of stores to between 50 and 55 by the end of 2027, with the new CEO focusing on a younger, digitally-savvy customer base.
Die Presse:
55 Instead of 70 Hervis Stores in Austria: 'Our Model Was Deficit'
The sports retailer Hervis is reducing its store count in Austria from 70 to 55, citing a deficit in its business model.
DER STANDARD:
Hervis Shrinks in Austria to Just Over 50 Stores
Spar is exiting, and new investors aim to save Hervis through drastic downsizing, with its future profitability uncertain.
Die Presse:
Ardo Plant Closure Sparks Petition for Local Frozen Vegetables
Following the closure of the Ardo plant, a petition has been launched to support local frozen vegetable production in Austria.
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