Harvey Norman has seen its unaudited profit explode 160 per cent between July and October to $341.11 million, compared to $131.17 million for the same period of last year. Additionally,
Two Aussie retail chains, Cartridge World and Harvey Norman, have partnered with Optus to broaden the merchandise offering for the retailers. At Cartridge World a focus on customer convenience means franchisees will get
Harvey Norman blames bushfires and extreme weather for a subdued Christmas period as the retailer’s first-half profit slipped by 4.0 per cent. The furniture and electronics firm also warned on
The operators of a Harvey Norman store in regional New South Wales have faced a barrage of backlash for a “racist” sign displayed outside its Albury outlet. The image of
The newest Harvey Norman director joins the board as an independent non-executive voice. John Craven was formerly a partner at Accenture. He joined the retailer’s board on 27 March 2019. Craven is
Despite a continuing fall in total network sales, Australian homewares, furniture and electronics retailer Harvey Norman has secured a $222.77m half-yearly profit after tax, up $15.08m on the same period last year.
In an announcement to the ASX ahead of its AGM on Tuesday, Australian retail giant, Harvey Norman disclosed that domestic franchisee sales were falling, indicating a 1.3 per cent year-on-year drop in aggregated sales.
Executives at Harvey Norman have come under fire this week, after a breach of the Australian listing rules was identified by the ASX.
The role franchisees play within big retail networks has come under review following reports Harvey Norman shareholders forked out nearly $8m in “tactical support” last year for a struggling franchisee.
Harvey Norman’s net profit after tax fell 16.4 per cent to $375.38 million in FY18, compared to $448.98 million in the previous fiscal year.