Sharechat Logo

Harvey Norman reports lower sales in New Zealand

Thursday 21st April 2011

Text too small?

Australian retailer Harvey Norman said same store sales in New Zealand fell 0.9% in the three months to March 31 compared to the same month a year earlier.

On the same basis sales had risen 4.6% in the first quarter, and had fallen 9.5% in the second quarter. The New Zealand sales were down 2.4% in the year to date to the end of March compared to the same period a year earlier.

Across the whole company, third-quarter sales rose by 1.6% compared to a year earlier, while same store sales fell by 4.6%.

In Australia, the company's biggest market, third-quarter like-for-like sales fell by 4.2%.

The company had 31 stores in New Zealand when it released its 2009 annual report. It operates Harvey Norman and Norman Ross stores.

 

NZPA



  General Finance Advertising    

Comments from our readers

No comments yet

Add your comment:
Your name:
Your email:
Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Related News:

Scott Secures $44M Appliance Contracts Across Americas
October 14th Morning Report
Can reporting what a witness says ever be an attempt to “harass and attack”?
Rakon director appointment
October 13th Morning Report
BPG - Quarterly Report Investor Webinar
RYM - Second quarter trading update
October 9th Morning Report
Infratil Newsletter - September 2025
Devon Funds Morning Note - 7 October 2025