Austria: Kika/Leiner Still in the Red

Despite concluding its restructuring process in autumn 2023, Austrian furniture retailer Kika/Leiner continues to face financial challenges. According to Der Standard, citing the Oberösterreichische Nachrichten, the company has closed 23 of its original 40 stores and reduced its workforce by 500, leaving 1,400 employees. Nevertheless, the company remains in the red. “We’re seeing a slight monthly increase in sales, but the current economic climate allows for little more,” said Volker Hornsteiner, a member of the management team. Kika/Leiner aims to return to profitability by September 2025, with further closures or a sale ruled out.

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