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 AUSTRALIA
FRANCHISE NEWS ARCHIVE
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: : Jul-Dec 2000
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Freedom's new MD looking outside the square. Working
in a fast food chain may not, at first glance, seem the ideal background
for managing a national network of furniture stores. .... 26/12/00
Now comes the tricky bit: closing Colonial branches. Commonwealth
Bank of Australia is facing the most challenging leg of its integration
of the recently acquired Colonial operation next month as it begins
the task of culling 250 branches without losing customers. .... 7/12/00
Harvey wants to see the world. Even as Harvey Norman
shares take a hit as the retailer heads into an uncertain domestic
trading environment, it is hatching a grand plan to become larger
outside Australian than it is within - and possibly make its top employees
millionaires. .... 27/11/00
Fast food fight gets ferocious. A Mexican-style hamburger
and diet pizza may sound like the trappings of a gastronomic wasteland,
but for the chains behind these much-hyped products they are the latest
weapons in Australia's $6.5 billion fast food wars. .... 23/11/00
Freedom confident despite profit dip. Furniture retailer
Freedom Group expects a significant improvement in profits this year
after extensive restructuring drove its latest annual profit down
76.5 per cent. .... 22/11/00
Harvey goes for growth. Harvey Norman is to expand its
retail operation into the London market as it seeks to maintain a
strong rate of growth through diversification of its business. ....
22/11/00
TV and Pizza Hut a WINning team. A three-month 't-commerce'
trial between WIN Television and Pizza Hut has turned TV sets into
electronic fast food outlets in the NSW town of Orange. .... 7/11/00
Retailers begin to feel the pinch. Signs of a slowdown
in consumer spending are emerging in parts of the retail sector. Software
company Reckon and retail star Harvey Norman are high-profile listed
companies that have warned of weakness in some categories. .... 23/10/00
Norman notches up two-day fall of 16pc. Harvey Norman
shares fell another 50¢ yesterday amid concerns the retailer's stellar
growth run may be curbed by weaker sales in some areas of its business
and by margin pressures. .... 20/10/00
Harvey down 5pc after warning of slump. Shares
in Harvey Norman fell nearly 5 per cent yesterday after the retailer
fuelled investors' fears about a slowdown in parts of the sector,
warning that its strong first-quarter sales masked a slump in furniture,
bedding and hardware. .... 19/10/00
Real estate manoeuvres: Ray White poised to take control
of rival. Real estate agents Ray White is expected to take
up to a 50 per cent equity stake in Realestate-.com.au this week,
undermining RP Data's grab for the online property group. .... 11/10/00
Retail spending bounces back after the GST pause. Retail
sales bounced back strongly in August from a GST-induced consumer
spending pause, providing further evidence that the economy continues
to grow strongly. .... 4/10/00
Harvey Norman's GST - Great Sales Turnover. A surprisingly
strong run of pre-GST sales in the shadow of Harvey Norman's financial
year tipped the retailer's net profit towards the top end of market
expectations and drove it to another record. .... 14/9/00
Ray White sued in Olympic fracas. A Melbourne-based
accommodation booking service is suing real estate giant Ray White,
claiming more than $1.2 million in damages and lost business over
its Olympic accommodation program. .... 5/9/00
Burger price war turns sacrilegious. A price
war in the fast food industry has turned nasty with Burger King launching
a direct attack on McDonald's favourite clown, Ronald McDonald. ....
31/8/00
Family Affairs. Harvey Norman shares remain
within reach of record highs despite concerted selling by members
of the family that founded the company. .... 18/8/00
INTEREST - dstore's about turn to bricks and mortar.
Online department store dstore is set to do the unthinkable
for a dot com and acquire or roll out a national network of bricks
and mortar stores. .... 16/8/00
Popeyes Chicken and Biscuits Signs Agreement to Develop
35 Restaurants in Australia. Under the terms of the
agreement local franchise partner Group Song Enterprises will construct
35 restaurants throughout the city of Sydney. The first restaurant
is scheduled to open December 2000, with five more to open by late
2001. .... 8/8/00
INTEREST - Local e-tailers close gap on US counterparts.
Australia's leading e-tailers surged ahead in sales volumes
last month, recording up to triple-digit growth and closing the gap
on their US counterparts. .... 8/8/00
Utilities on Harvey Norman's expanding shopping list.
Harvey Norman Ltd is considering selling electricity and gas
among other new products and services. It is part of a strategy to
position itself as a one-stop shop for home owners. .... 7/8/00
INTEREST - Kiosk concept back on the shelf.
The supermarket banking experiment has proved positive for the retailers,
less so for their banks. .... 2/8/00
Flying on the internet. For retailers who fear
that the makers of goods or services could use the tools of e-commerce
to cut them out by selling direct to their customers, welcome to your
nightmare. .... 2/8/00
Harvey Norman to buy Vox stores. Harvey Norman
has agreed to buy 22 stores from the embattled Vox electrical goods
chain, effectively delivering the retailer in one hit its annual target
for opening new stores. .... 26/7/00
Retailers enjoy June Christmas. The frenzy of
pre-GST buying pushed the turnover in Australia's shopping malls and,
in particular, its department stores, to "an all-time high" in June,
according to the latest Byvan AFR Retail Sales Index. .... 26/7/00
LLR centres to offer e-commerce. Lend Lease
Retail, the manager of shopping centres like Melbourne Central and
Bankstown Square, is about to launch an e-commerce strategy for each
centre that aims to back the physical assets with a targeted online
presence. .... 25/7/00
Harvey rejoices in bumper June sales. A pre-GST spending
rush in June gave Harvey Norman its best-ever increase in sales for
a single month as the retailer heads into the most aggressive expansion
drive in its history. .... 22/7/00
Shops fail to make cents of the GST. The introduction
of a goods and services tax has savaged retailers' sales in July and
doubts are emerging whether the damage can be recovered during the
remainder of 2000. .... 21/7/00
e-tailers must make a special delivery. The bug-eyed
husband ushered Jeremy, the personable Shopfast.com delivery man,
into the kitchen where his wife was waiting for her weekly groceries.
.... 14/7/00
Freedom calls in e-business experts. Furniture and homewares
retailer Freedom Group Ltd has commissioned boutique online consultants
First Light Interactive to develop a comprehensive e-business strategy.
.... 10/7/00
What did you buy at work today? The Australian online
retail industry is growing at an astonishing rate as shoppers boost
their average level of spending and increasingly make repeat purchases
of their favourite products. .... 8/7/00
Harvey feeds funds' appetite for retailer. Harvey Norman
shares bounded to another in a series of all-time highs yesterday
as investors ignored news of further share sales by founder and executive
chairman Mr Gerry Harvey, which have raised $60 million since late
April. .... 6/7/00
Changing price tags a $400m exercise. Retailers across the
country have just experienced one of their busiest nights - and not
a single item was sold. .... 1/7/00
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