Premier Retail has performed well in 2012. Internet sales during the financial year grew by 67% due to heavy investment in developing the brands’ presence online.
We are innovating in the online space with Dotti and Portmans to include mobile functionality, social media engagement and much more. There will be more to come in the future for our online retail stores across the country and internationally.
I see a lot of opportunity to expand our online business, however, the existing tax regime does not support Premier Retail’s companies and other online Australian businesses. Without support from the government, online businesses in Australia will not thrive with the current tax structure. The $1000 GST-free threshold for purchases made over the internet is putting Australian jobs and businesses at risk.
You can view more of my thoughts in the 2012 stakeholder address here: Link