HVN harvey norman holdings limited

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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
$5.93
Change
0.050(0.85%)
Mkt cap ! $7.388B
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