Harvey Norman reports lower sales in New Zealand

Thursday 21st April 2011

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

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