Harvey Norman Trading ‘Difficult’ 1.4.% Rise

X

Dull sales figures show growth of just 1.4 percent as cautious consumerism bites.Total global sales for all stores including Oz, NZ, Slovenia and Ireland totalled $4.7bn to the nine months ending 31 March 2011, it announced today. This reflects a 1.4 per cent rise.

However, Aussie stores did rise 3.0 per cent y-o-y, despite market conditions.

NZ and Ireland also showed similar slumps, dropping 3.1 and 14. per cent respectively, although perhaps surprisingly its Slovenia store enjoyed a 17.2 per cent sales hike.   

Its Australian stores continue to operate in “an extremely difficult environment,” the statement said.  Like for like sales actually fell 3.5 percent it also said, when compared to the same period in 2010.

While the TV market remains strong, price deflation, strong Aussie dollar and over cautious consumer sentiment has bitten the sector particular.

Meanwhile on the computer front things don’t look much better either, with the laptop category hit in particular. 

However, it’s not all flat and Harvey’s sales was buoyed by positive activity in in game consoles, cameras and smartphones, it said.

And, white goods, home and cooking appliances especially all experienced “significant market share” growth over the period.

 

And it is confident of “positive contributions from the gaming console, the digital SLR cameras and the smartphone categories, combined with the tablet computer market,” will see it through 2011.

Harvey Norman is “well positioned” to meet retail challenges it faces, it reassured investors.

%name Harvey Norman Trading Difficult 1.4.% Rise
Stormaudio package 728x90 1 Harvey Norman Trading Difficult 1.4.% Rise
Sony 290ES 728x90 1 Harvey Norman Trading Difficult 1.4.% Rise
T20SE 728x90 Harvey Norman Trading Difficult 1.4.% Rise
Moxyo Zigi Band 728x90 1 Harvey Norman Trading Difficult 1.4.% Rise
BEL2117 4Square AUF001 728x90 Harvey Norman Trading Difficult 1.4.% Rise
4SQM banner 728x90px SOUL Harvey Norman Trading Difficult 1.4.% Rise
PAN1992 MWO Banners LB 728x90px V2 Harvey Norman Trading Difficult 1.4.% Rise
en us WD Black Banners Portfolio 728x90 Harvey Norman Trading Difficult 1.4.% Rise
2231 NEXUS 4SQM Digital Banner Ads Leaderboard 728x90 Harvey Norman Trading Difficult 1.4.% Rise


YOU MAY ALSO LIKE