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Harvey Norman Holdings Limited (ASX:HVN) has launched an e-commerce site, one year after its CEO Gerry Harvey slammed the government for allowing customers to buy products online without paying goods and services tax (GST).
The electronics retailer’s new offering enables consumers to purchase products online and have them delivered or to pick them up at one of the retailers stores.
Speculation emerged earlier this month Harvey Norman could be gearing up to close more of its stores after announcing it will place three of its wholly owned franchisees into administration.
Shares in Harvey Norman Holdings closed 1.46 per cent lower yesterday at $2.02.
Harvey Norman Holdings lifted its net profit by 9 per cent to $259.6 million in fiscal 2011.
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