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 AUSTRALIA
FRANCHISE NEWS ARCHIVE
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: : Nov/Dec 1999
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Retailers hit by import shake-up. Retailers of branded
and luxury goods are bracing for an assault on their lucrative market
from the major chains as the doors are thrown open to import competition
in the new year. .... 29/12/99
Christmas tills are jingling. Later
tonight retailers will ring up their final sales in perhaps the strongest
Christmas trading period this decade. Already the signs are overwhelming:
Southcorp is running short of bubbly, Harvey Norman's sales for December
are up at least 15 per cent and Gowings just can't sell any more.
.... 24/12/99
Retailers are having a very merry Christmas.
Retailers are having a very merry Christmas By Simon Evans
Australian shoppers are loosening their purse strings with vigour
in the lead-up to Christmas and the New Year, and total sales in December
will easily outstrip the $11.7 billion spent in the same month last
year. .... 20/12/99
Steak-out as Koreans get the flavour for Australia. The
Korean economy is booming, the mobile phones are ringing and the restaurants
are full a good time for a new venture in Seoul, specialising in steaks,
to open. It's called "Wagga", an apparently well recognised Australian
locality associated with quality cattle. .... 18/12/99
Aussie Home Loans boss John Symonds reckons he's a very lucky man.
He decided to get into the mortgage origination game early - back
in 1992, when the banks were making fat profits on their home lending
and the industry was ripe for a shake-out. .... 15/12/99
Mr Brett Blundy, the managing director of Brazin,
which operates the Sanity music chain and Bras 'n Things lingerie
chain, has paid $1 million for a 50 per cent stake in eTrend, the
owner of online gift voucher provider, evoucher.com.au. ....
15/12/99
Scratch the surface of retail fashion chains and ask
who is really making the money and the answer comes back: the big
shopping centre landlords. .... 15/12/99
Harvey World Travel expects to list on the Australian
Stock Exchange later this week, after yesterday closing its $18.6
million share offer oversubscribed. ....
14/12/99
When Harvey Norman launches its second attempt at
internet retailing this week, it will do so through an autonomous
franchise that is accountable for its own profit and loss. ....
14/12/99
Mr Marc Besen's Sussan Corporation aims to breathe
new life into the Sportsgirl chain of 104 stores after acquiring the
business yesterday, leaving three smaller arms of the failed fashion
icon still on the market. ....
14/12/99
Retailers large and small have enjoyed a strong start
to the festive season, putting the industry on track to ring up a
record Christmas take. ....
10/12/99
Sizzler International Inc, an operator and franchisor
of about 350 restaurants, has entered into contracts to sell 49 of
its Sizzler and KFC restaurants in Australia. ....
3/12/99
A director of Harvey World Travel, Mr Tim Dodds, told the Supreme
Court insolvency examination yesterday that he could not understand
how one of its high-profile, CBD-based corporate travel franchisees,
Potter World Travel, went from making an $80,000 profit to losing
more than $100,000 in the space of six months in 1997. .... 3/12/99
Retailer Harvey Norman Holdings Ltd yesterday flagged further expansion
in Asia and a possible foray into Europe after posting 17.6 per cent
sales growth in the first four months of 1999-2000. .... 24/11/99
Harvey Norman's sales increased a robust 17.6 per cent in the first
four months of 1999-2000 but with warmer weather the result could
have been even better .... 24/11/99
The nation's biggest franchised travel agency, Harvey World
Travel, wants to reinvigorate its network and beef up its Internet
presence with some of the proceeds from its $18 million float launched
yesterday. .... 19/11/99
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