Harvey Norman

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Harvey Norman profits rocket 160% to $341m


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,

Optus partners Harvey Norman, Cartridge World


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 profits slip: bushfires, weather to blame


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

Harvey Norman slammed for ‘disgraceful’ coronavirus sign


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

New Harvey Norman director adds independent view


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

$227m profit despite franchising operations fall at Harvey Norman


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.

Australian franchisee sales slow amid global growth at Harvey Norman


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.

Harvey Norman directors dump stock after listing breach


Executives at Harvey Norman have come under fire this week, after a breach of the Australian listing rules was identified by the ASX.

Harvey Norman shells out $7.8m for struggling franchisee


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 profits and franchise operating margins fall


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.