Amazon biggest threat: Wesfarmers

By AAP

He also believes there should be a level playing field for GST on foreign goods bought online. "If we have to pay GST, everyone should have to pay GST, it's a simple as that," he said. "By the way, I wouldn't mind being able to operate our businesses 24/7 as well, but that's a totally different story.

I think Amazon is the biggest threat we've got to our business model at the moment," Mr Goyder told the National Press Club in Canberra.

The CEO of the conglomerate that runs Coles, Target and Bunnings says when he thinks about his biggest competitor, it's not Woolworths or Big W that comes to mind. "I think Amazon.

He does not expect the business landscape to stay the same in the future and it will have to adapt, be fast moving, innovative and more competitive. "I think we are in a more competitive world than we have ever been.

Read more here: Business Spectator

    

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