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Harvey Norman Holdings Limited (ASX:HVN) is selling computer games on an overseas website in Ireland in a bid to let Australians bypass GST.
Last night the retailer reluctantly launched the website. Chairman Gerry Harvey says he expects the site to cannibalise in-store sales, as the products are listed at much cheaper prices online.
Purchases under $1,000 from the site, www.harveynormandirectimport.com, will be GST-free.
Harvey Norman Holdings lifted its net profit to $259.6 million in fiscal 2011.
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Last
$7.26 |
Change
-0.110(1.49%) |
Mkt cap ! $9.183B | |||
| Open | High | Low | Value | Volume |
| $7.28 | $7.32 | $7.26 | $539.7K | 74.17K |
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| No. | Vol. | Price($) |
|---|---|---|
| 5 | 912 | $7.27 |
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| Price($) | Vol. | No. |
|---|---|---|
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| HVN (ASX) Chart |