Re­tail­ers dis­tracted

Townsville Bulletin - - NEWS -

THE man who has over­seen David Jones’ re­cent re­vival says the de­bate about im­pos­ing GST on all over­seas goods bought online is dis­tract­ing re­tail­ers from im­prov­ing sales. Ian Moir, the chief ex­ec­u­tive of South Africa’s Wool­worths Hold­ings, says the Aus­tralian dol­lar’s fall, which makes over­seas pur­chases less com­pet­i­tive com­pared to do­mes­tic of­fer­ings, is just one rea­son why com­pa­nies should fo­cus on cus­tomers, rather than fret about the im­pact of online re­tail. “The in­tro­duc­tion of any sales tax in any di­rec­tion only has an im­pact in the short term and evens it­self out over time,” Mr Moir said.

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