The productivity commission report is out and the $1000 tax free limit on purchases from overseas stays. Well this by Michael Pascoe will have Jerry Harvey steaming.
I for one, feel the retailers would get a lot more sympathy if the mark up was say 50 - 75%. At the moment it would appear that the mark up on a lot of items is 300%
I have purchased a couple of t.v series on dvd for presents, here approx $170 and $300, from o/s $50 and $60 respectively to the door.
I know the wages, rents etc are high. However it would appear to me that if the mark up has to be that high then they need to sell more or reduce their overheads.
If they can't achieve either, then maybe they are not viable and should shut down.
Eventualy a balance will be achieved where the number of outlets meets demand and the turnover will achieve the desired economy of scale.