Retail in Asia

In Tech

Website bargains no gift to retailers

Retailers have hit the panic button as Australian shoppers cash in on the strong dollar to buy tax-free bargains on overseas websites.

Fashion, music and toy outlets fear the surging popularity of online shopping could ruin crucial Christmas sales.

Retail groups are lobbying the federal government to lower the AUD1,000 (USD980) GST-free threshold on goods bought from foreign websites.

(Source: The Australian)