Feeds

Gerry turncoat Harvey gives gamers a deal

Launches discount, offshore GST-free online gaming site

The Essential Guide to IT Transformation

The CEO of Australian retailer Harvey Norman, Gerry Harvey has unleashed his fickle ways on the gaming industry, launching an offshore discount gaming site just days before Christmas.

Harvey has been one of the most vociferous protagonists against the growth of borderless online shopping, campaigning for months on the idea of instituting GST on international orders.

His new venture www.harveynormandirectimport.com, is the manifestation of the etailing model that he has been so strongly arguing against.

The site will be based in Ireland, which will allow Australian customers to buy games directly from Harvey Norman Ireland, GST free, and at the lowest prices currently available in Australia.

Harvey Norman’s European suppliers are sourcing hundreds of game titles on line, which are available for immediate shipping.

"The gaming customer in Australia has been paying too much for years and we look forward to providing our customers with a new cost effective offering”, said Ben McIntosh, GM, Harvey Norman Computers and Communications.

The announcement came at the same time as the company informed the ASX that it had extended a loan agreement with financiers for the repayment of $610 million which was due to be repaid in December 2012.

Under the new terms of the Syndicated Facility Agreement, the loan is repayable in two tranches, one of $370 million, on 22 December 2014 and the remaining $240 million on 22 December 2016.

That’s a lot of games to sell to online. ®

Boost IT visibility and business value

Whitepapers

Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
The Essential Guide to IT Transformation
ServiceNow discusses three IT transformations that can help CIO's automate IT services to transform IT and the enterprise.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
How modern custom applications can spur business growth
Learn how to create, deploy and manage custom applications without consuming or expanding the need for scarce, expensive IT resources.
Build a business case: developing custom apps
Learn how to maximize the value of custom applications by accelerating and simplifying their development.