Solomon Lew Quotes
101 Solomon Lew Quotes
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[In November 2010 on Premier Investments results] The second half was impacted by the cycling of the stimulus effects, abnormal weather, extensive industry discounting and successive interest rate rises.
Solomon Lew
We also fully understand that our business would not exist without the continuing
confidence and support of our shareholders – the owners of the company who have invested at risk funds and expect that their money will be well managed to be both secure and profitable.
Solomon Lew
[In November 2010] As a former member of the Reserve Bank Board I have a very high regard for the institution, its record and the current Governor and Board. I fully understand the difficult task of balancing a range of factors and taking decisions in the present to meet anticipated future outcomes. That said, I very strongly disagree with the Bank’s recent decisions on official interest rates.
Solomon Lew
Retail is a significant driver of the national economy and employment.
Solomon Lew
[In November 2010] The ‘real economy’ – which our customers inhabit – seems to be a very different world to the numbers on paper the Reserve Bank decisions appear to rely on.
Solomon Lew
[In November 2010] Online stores and sales will inevitably become an increasingly important sales channel with increasing market share.
Solomon Lew
[On overseas online sales in November 2010] The issue is not about a fear of competition. It is about unfair competition and its consequences.
Solomon Lew
[In November 2010] The Australian retail sector is one of the most competitive in the world – we thrive on competition and the continuous improvement it delivers.
Solomon Lew
[In November 2010] Australia has been targeted by international online retailers as a very lucrative market. Their costs to sell in Australia are marginal relative to their core markets.
Solomon Lew
[In November 2010] I believe that the foregone revenue to Government in relation to the non payment of import duty is almost equivalent to the current billion dollar plus in foregone GST revenue.
Solomon Lew
[In 2009] Premier is not in the business of pursuing growth for its own sake or in order to give the appearance of activity and the promise of blue sky.
Solomon Lew
[In November 2010] We are continuing to actively pursue opportunities. There will be acquisitions – but not driven by anything other than your Directors’ assessment of value and wealth creation.
Solomon Lew
[In November 2011] The unfortunate fact remains that no Australian based online retail business will achieve its full potential while a fundamentally flawed two tax regime which discriminates against local retailers exists.
Solomon Lew
[In November 2011] We are also very excited by the potential for Smiggle to develop as an international brand.
Solomon Lew
[In October 2012] Well run businesses will deliver value for shareholders in every cycle…
Solomon Lew
[In October 2012] Macro pressures on retailers, combined with the structural changes taking place in the industry, will continue to test all participants in the retail industry.
Solomon Lew
[In October 2012] Premier will maintain its disciplined fiscal approach and will only pursue opportunities that are in the best interests of shareholders.
Solomon Lew
[In November 2011 on the $1,000 tax free threshold for good purchased overseas on the internet - A] Fundamentally flawed two-tax regime which discriminates against local retailers.
Solomon Lew
[In September 2009] I'm still very concerned about the unemployment in Australia, I'm concerned about the potential for rising interest rates, and of course the value of housing. So, you know they are three key components that can really make a difference in the retail business.
Solomon Lew
At the end of the day we're going to stay in the fields that we understand, which is basically retail business and wholesale distribution.
Solomon Lew
If you are not giving the consumer what they want, you have got to reposition the business…
Solomon Lew
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