Quote:
Originally Posted by Dimwit
Now, it's just a mouse click away. The markets are becoming more homogenous every day much to the retailers chagrin. All the business books rally around the efficient markets philosophy but when it comes to reality, the real world is not so enamoured it seems. Too bad, so sad.
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So very true.
This is a main factor in all the whining and bleatings of retail billionaires demanding the government here start taxing imported goods under $1000. One of them, Gerry Harvey, whose business empire has and continues to destroy dozens of smaller businesses, has made the art of price rip-off an art form. The CHOICE report was the final eye opener for consumers.
With the cost of living soaring in Australia now, increased taxes (a new one, a carbon tax, introduced in 2011, new government levies to add to the Medicare one (adding close to 3% of pay direct to government coffers), huge increases in house prices (now around 9x yearly pay), rent, power, water, and gas, little wonder that savvy shoppers are turning to online purchasing to stop being ripped off.
All the above and the fact that price gouging has been revealed to be the norm here has really caused a ground swell of anger amongst consumers who simply want the rip-offs to stop.
In the meantime, online shopping has never been better and more economical.