Harvey Norman ekes out sales growth amid sluggish economy

Homewares and electronics retailer Harvey Norman has talked up growth of its international operations and detailed plans to roll out premium stores in Australia as it seeks to overcome the sluggish domestic economy.

In a statement to the market ahead of the company’s highly anticipated annual general meeting on Wednesday, Harvey Norman said comparable store sales were up 1.7 per cent for the first quarter.

Harvey Norman sales were up….slightly Credit:Scott Barbour

First quarter sales for its local and international store network totalled $2.44 billion, up 2 per cent on the same period a year ago.

The business attributed this growth to an appreciation in foreign currency when compared to this time last year, with the Euro, Pound, Singapore Dollar, New Zealand Dollar and Malaysian ringgit all up against the Aussie.


Related posts

Make a comment