Big spenders get a little more choosy; consumer confidence is falling, but some parts of the luxury market are still on a high
Article Abstract:
Australia's economy is still capable of sustaining luxury businesses despite a reduction in retail spending. Strong stock market returns and real estate profits have helped automobile, gourmet food and alcoholic beverage spending. Even cosmetic surgery has become a thriving profession as it is preferred by established doctors because it is elective surgery that can be scheduled during normal business hours. Analyses of the economic strengths of luxury markets are provided.
Publication Name: Business Review Weekly
Subject: Business, general
ISSN: 0727-758X
Year: 1998
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Battered Goodman masses for a fresh assault
Article Abstract:
Goodman Fielder, Australasia's largest foodmaker, plans to operate all its divisions from one corporate office in 1999. The company expects to operate more efficiently with one warehousing, distribution and management strategy. Goodman Fielder had its operating profits decrease by 24% in 1998-9 when compared with profits for 1997-8.
Publication Name: Business Review Weekly
Subject: Business, general
ISSN: 0727-758X
Year: 1999
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Slimmer Goodman marks time
Article Abstract:
Goodman Fielder Chief Executive Officer David Hearn has been trying to expand the range of foods supplied by the company by introducing a premier range of chilled meals. The company sales declined from $3,99 billion in 1996 to $3.14 billion in 1999-2000. The company has also sold off some of its subsidiary businesses.
Publication Name: Business Review Weekly
Subject: Business, general
ISSN: 0727-758X
Year: 2000
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