The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Retail Retail Trade, Except Of Motor Vehicles And Motorcycles Retail Sale Of Other Goods In Specialised Stores 47.72 - Retail Sale Of Footwear And Leather Goods In Specialised Stores
150 jobs Number of planned job losses
Announcement Date
29 November 2023
Employment effect (start)
29 November 2023
Foreseen end date
31 December 2024
Description
MyShoes, a subsidiary of the Deichmann Group, with 29 points of sale in seven different Austrian federal states, ceases operations in Austria, leading to the loss of 150 jobs.
In total, 150 employees are to be affected by the closure in the upcoming months. The stores are to be closed by December 31, 2024, at the latest. The company claims that the business model as an all-round provider is not economically viable any longer. The chain therefore ceases operations completely. The company names the effects of the coronavirus pandemic, the invasion of Ukraine and the conflict in the Middle East as well as increased costs and consumer restraint as reasons for the closure.
Eurofound (2023), MyShoes, Closure in Austria, factsheet number 200617, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/200617.
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