Thread: who are the 21 retailers?

Originally Posted by Rosscoe68

i get so sick of hearing the general (uninformed) public ranting about how much profit business make. i am yet to work in a retail outlet ( ion 20 years of retail) that makes more than 15-20% net profit .
it would be really interesting if ppl stopped asuming local companies are making such a huge profit and actually look up some figures themselves.
in less than 2 minutes on harvey norman website and i found the 2010 annual report. seems there's several parts to the company, not sure how its all managed.
now i am no accountant, but to me, this doesnt look like a huge margin (quote taken directly from report) http://www.harveynormanholdings.com....ual_Report.pdf
" The franchising operations margin was 6.1% for the year ended 30 June 2010 compared to 6.1% for the year ended 30 June 2009. "
yes theres a huge turnover so big dollar value net profit, but where's the huge margins everyone is always whining about ?

actually, on further investigation of said report, it would appear the make more profit out of property dealings than by retailing. that doesn't surprise me really.

further reading just confused me, so ffo to bed now

from an uniformed person......have you had anything to do with fashion, inparticular, the surf industry...............

Originally Posted by Fluids

Don't ya'll loose sight of the fact that the supposed gst on overseas purchases is for END USER customers ... the final link in the supply chain ... who miss out on paying any tax on their purchases to the gov' .... duty free sub $1000.

... BUT the HN's of the world DO already pay import duty on all the product they import ... and import duty is a TAX ... if the importer then ALSO has to pay GST on the imported goods (and that would lead to a VAT style tax on tax on tax), guess what ? That becomes a COST of doing business and increases the products cost price ... which ultimatley would mean a price rise in YOUR hands ... the END USER.

Remember the proposal for an "Internet GST" is for END USER purchases from the internet/overseas ... the big guys already pay import duty (TAX) on all the import .... and GST is levied at the point of sale in the hands of the END USER. The supplier doesn't pay GST on ITEMS they subsequently resale/wholesale down the distribution chain. The GST is ultimatley transparent in the hands of the supply chain ... it's the END USER who pays the 10% to the gov' of the day.

The proposal is aimed directly at the likes of US who purchase from overseas ... not the reatil/import supply chain.

The BIG problem for Australian Retailers is as outlined earlier ... the cost of doing business is way too high ... rent, wages, super, workers comp', insurances, accountants fees, lease costs, vehicles, plant, equipment, IT, point of sale & shop fitout, warehousing, workshop consumables, uniforms, OH&S, fire control systems, alarm & security, electricity, phone, internet, first aid, etc, etc .... it goes on & on.

Anyone going into a business for themselves these days is a very brave person !

the reason all the costs are so high are to do with the quailty (good) of living we have in a large country with a small population.....Im happy to pay all those things to maintain it. charging GST on imported goods under $1000 will not reduce the costs here, it will also contribute 2/5ths of bugger all to the country at the end of the day....this is only short term while our dollar is good...

was it not the busness peoples who wanted australia to be part of the free trade agreement and now it has come back and bit them on the backside they now want to change the rules again

Originally Posted by blackbuttdisco

I saw a letter to the editor in The Australian. They wanted to know does anybody sell petrol on the internet.

They do - it's called comodity trading, but the cost of shipping is prohibitively expensive and no one does fuel by air courier*!

* Except in the Canadian North West Territory! (see Buffalo Airways)

Originally Posted by Brian Hjelm

He sells these at 8 to 15 times my landed cost. He prices by size, bigger sell for more. I sell them all for the same price, less than half his price for the smallest. All sizes cost the same from the maker in China.

and as we established in an earlier discussion he has way bigger overheads.

as said above, markup doesn't always directly relate to profit made.

you cant relate a backyarders costs to a large national companies costs.

Originally Posted by incisor

and as we established in an earlier discussion he has way bigger overheads.

as said above, markup doesn't always directly relate to profit made.

you cant relate a backyarders costs to a large national companies costs.

nore can you relate a backyarders proffits to a large national companies proffits

Originally Posted by incisor

and as we established in an earlier discussion he has way bigger overheads.

as said above, markup doesn't always directly relate to profit made.

you cant relate a backyarders costs to a large national companies costs.

This guy works out of a shed about the size of a triple garage in his back yard. His only staff are his wife and a son who work part time as required. Son receives a disability pension. Everything he sells is at least double or more a reasonable price. I don't mind as he is no competition.

So to summarize this thread...

Those in australian business want GST added to online orders and imports

and

Consumers dont

and

these differing perspectives will never allow a consensus at least while the dollar is as it is.