science

James Richardson Corporation

James Richardson Corporation is a science topic covered in the lgStudy science library. This page brings together a partial reference excerpt, illustrations, worked examples, real-world applications and a short study plan, so you can understand James Richardson Corporation rather than just read about it. In short: The James Richardson Corporation, also going by the name James Richardson Group or JR/Group, is an Australian furniture, hospitality, real estate and retail corporation, headquartered in the Abbotsford suburb of Melbourne, Australia. It is privately owned and employs approximately 2,300 people worldwide.

Key takeaways

James Richardson Corporation belongs to science; place it in that map before memorising details.
Learn the definition first, then one example that makes the definition concrete.
Connect James Richardson Corporation to a quantity you can measure, compute or draw — that is where exam questions come from.
Reproduce the core statement of James Richardson Corporation from memory before moving on to harder problems.

Reference excerpt

The James Richardson Corporation, also going by the name James Richardson Group or JR/Group, is an Australian furniture, hospitality, real estate and retail corporation, headquartered in the Abbotsford suburb of Melbourne, Australia. It is privately owned and employs approximately 2,300 people worldwide. It is perhaps best known among consumers for its duty-free retail stores in airports and border crossings in Australasia and the Middle East. The company is a household name in Israel due to its duty-free stores in Terminal 3 of Ben Gurion Airport.

History Scottish-born James Richardson (c. 1864–1951) immigrated from Ayrshire to New South Wales in 1886 and worked at the Wentworth Hotel, Sydney before relocating to Melbourne as a barman at Hotel Windsor. By July 1916 Richardson was the proprietor of two wine and spirits stores in Melbourne. In 1928 he commissioned the building of the Hotel Alexander, which became the seventh in his hotel chain and along with his four wine and spirit shops made him "the biggest figure in Australia's hotel trade." He sold off five hotels in 1944 and when he died in August 1951 he was "worth approximately £2 million."

Duty-free retail

Australia and New Zealand Eight duty-free stores in Australia and three in New Zealand operate under the trade name JR/Duty Free. Seven are located inside international airports and four in major city centres. James Richardson first began duty-free retailing in Australia in 1972, opening a single store at Brisbane Airport. The company expanded over the next two decades, opening further duty-free stores in Sydney Airport, Melbourne Airport, Perth Airport and Cairns Airport, and twenty-three stores in all major city centres. The company sold this entire operation to Swissair in 1995, choosing instead to concentrate on the furniture and textiles business and the company's Israeli duty-free retail operation. Ten years later, the company, this time trading under its current trade name, JR/Duty Free, again reentered the Australian market, opening city centre duty-free stores in Melbourne, Perth, Adelaide, and later Brisbane, and winning a ten-year concession to operate at Darwin Airport from February 2007. In 2009, JR/Duty Free was awarded one of the available duty-free concessions in Auckland Airport in New Zealand, and purchased the duty-free concession at Wellington International Airport from a rival firm. Both operations commenced in July of that year, and in 2010, another store opened in Christchurch International Airport. Over the last few years, JR/Duty Free has continued to expand, reopening stores in Cairns Airport in March 2012, Perth Airport in November 2013, and most recently, Brisbane Airport in September 2014.

Israel

In 1987, the Israel Airports Authority issued a tender for a total area of more than 1,000 square metres (of retail space) (at Ben Gurion Airport). Five companies bid for the tender and James Richardson was the winner. The company stores in Israel officially opened on 14 November 1988. The company has invested hundreds of thousands of dollars (into the venture), including a new store with an 800-square metre cosmetics and perfume area, a 300-square metre consumer electronics area, a 150-square metre watch store and a 150-square metre fashion area. Turnover has increased continuously since the start of operations. Total sales in the first year were about 20 million US dollars, while in recent years the total sales in Israel today is over 400 million: an increase of about 2,000% in 20 years. There are now eight James Richardson duty-free stores in Terminal 3 of Ben-Gurion Airport. In addition, James Richardson operates duty-free stores at the Allenby Bridge border crossing with Jordan, the Taba Border Crossing with Egypt, and operates at the ports of Haifa and Ashdod - including providing supplies for ships crews, and warehouses for supplies for UN forces and diplomats. The company also operates a store in Haifa Airport, in cruise ships of the Israeli cruise line Mano, and the duty-free carts on Arkia and Israir flights. In 1989, James Richardson pioneered a shopping storage and pickup service, which led to increased sales and was subsequently adopted by the company in its other stores in Australia and New Zealand. The service was the brainchild of Ze'ev Sarig, then responsible for security at Ben Gurion Airport (and later became its managing director). The idea came to him after buying a bottle of whiskey on his way abroad. The service allows passengers to make duty-free purchases before leaving the country, store them at the airport, and receive them upon their return. The service was first implemented in August 1989, and within two months it had already been used by some 8,000 passengers.

Other James Richardson has an interest in Tahiti Duty Free located within Fa'a'ā International Airport in Tahiti.

Worked examples

Example 1 — a first encounter with James Richardson Corporation

Start with the simplest possible case. Write down what James Richardson Corporation claims or describes in one sentence, then invent the smallest concrete situation in which that sentence is true. In science, the smallest case is usually a single object, a single equation or a single measurement. Check that every symbol or term in your sentence has a meaning in that case.

Example 2 — changing one variable

Take the situation from Example 1 and change exactly one quantity: double it, halve it, or set it to zero. Predict what should happen to James Richardson Corporation before you calculate. Comparing your prediction with the result is the fastest way to find out whether you understand the idea or only the words.

Example 3 — an exam-style question

Typical questions about James Richardson Corporation ask you to (a) state it precisely, (b) apply it to given data, and (c) explain a limitation. Practise writing all three answers in under five minutes; the third part is what separates a full-mark answer from an average one.

Applications of James Richardson Corporation

In research: James Richardson Corporation appears in science research whenever the underlying quantities have to be modelled precisely. Papers usually cite it as a starting assumption and then explore where it breaks down.
In technology and industry: Engineering practice reuses James Richardson Corporation in design rules, simulations and safety margins. Knowing the idea lets you read a specification sheet and understand why the numbers look the way they do.
In the classroom: James Richardson Corporation is common in secondary-school and first-year university syllabi. It links to neighbouring topics Duty-free shops, Retail companies of Australia, Retail companies of Israel, so understanding it makes those chapters shorter.
In everyday life: Look for James Richardson Corporation outside the textbook — in sport, cooking, traffic, electronics or the sky above you. An example you found yourself is remembered far longer than one you were given.

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How to study James Richardson Corporation in 20 minutes

Read the reference excerpt below once, without taking notes.
Close the page and write down what James Richardson Corporation means in your own words.
Compare your version with the excerpt and mark what you missed.
Work through the three examples above with pen and paper.
Explain James Richardson Corporation out loud to somebody else — or to Teacher Smith in the lgStudy chat.

Frequently asked questions

What is James Richardson Corporation in simple terms?

Why does James Richardson Corporation matter?

Because it connects several science ideas at once: it gives you a definition you can apply, a quantity you can calculate, and a way to check whether a result is plausible.

How should I study James Richardson Corporation?

Read the excerpt, restate it from memory, then work through the examples and applications listed on this page. The five-step study plan above takes about twenty minutes.

What does this page cover?

It gives you a compact reference excerpt plus original lgStudy explanations, examples, applications and study material on James Richardson Corporation.