Category archives for Retail

Human resources or live assets?

Let’s start with this premise. Businesses exist to make money for the shareholders. If anyone says anything other than to make money, get out your bullshitometer. The concept of companies goes back to the Dutch East India company in 1602. It was the first public company formed to make money for shareholders. For 400 years […]

Penalty Rates on Sunday

I have just spent about 10 days in Vienna.  Aside from catching the flu, and the freezing temperature it was an interesting visit.  One thing I found is worth talking about.  On Sundays, no shops open other than cafes and restaurants and the odd tourist place.  To my surprise, shops being closed on Sunday did […]

Impact of the Retail Slump

It is probably wrong to call it a slump.  It is really a long term decline.  As pointed out in the previous post it is a downturn that is likely to continue.  In this post we look at the implications of a shrinking retail segment. Consolidation.  Circle the wagons.  As retail businesses come under more pressure […]

GST on Online Purchases

I keep hearing retailers want GST paid on overseas online purchases under $1,000 to create a level playing field.  I am confused. Say you can buy something from your local retailer for $100 plus $10 GST ($110).  The retailers are saying they are disadvantaged if you buy it for $100 online with no GST.  That […]