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Letters: Age-old views hurt longevity economy
May 18, 2021 – 1.00am
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As chairwoman of the NSW Ministerial Council on Ageing, the council that advises the NSW government on issues affecting older citizens, I support the concerns raised in Hannah Wootton’s “50 is the new 60 when defining ‘older worker’” (May 17).
Increasing longevity is not unique to Australia, but is reflected around the world in the ageing demographic. Sectors relevant to population ageing include not just employment, but also housing, leisure, tourism, the arts, education and training.
Existing products, services and policies are dramatically failing to leverage opportunities or meet the changing needs and aspirations of older Australians.
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David Jones back in fashionable black
Sue Mitchell
Upmarket retailer David Jones is back in fashionable black after slashing costs, reducing discounts and promotions, cutting debt by selling landmark stores and taking about $35 million in JobKeeper subsidies.
David Jonesâ adjusted operating profit rose 33.3 per cent to $56 million in the six months ending December, according to accounts filed by its South African parent, Woolworths Holdings, on Thursday.
It was a major turnaround from the June half of 2020, when David Jones lost $53 million as same-store sales fell 14.4 per cent. It crashed to a full year loss of $33 million last year compared with a $37 million profit in 2019.