Business
Harvey Norman posts record result as COVID cocooning boosts demand – Sydney Morning Herald
Sales at electronics and furniture seller Harvey Norman have soared nearly 40 per cent through July and August despite lockdowns in Victoria and New Zealand.
The strong sales have continued into the new financial year, climbing 38.4 per cent on a comparable basis in Australia despite 18 stores being closed in Victoria and rising nearly 20 per cent in New Zealand, despite stricter lockdowns due to the Auckland COVID-19 outbreak.
The retailer’s results were partially weighed down by some weaker results from its international divisions, as sales in Northern Ireland dropped 6 per cent on a comparable basis, and fell 14.7 per cent in Singapore, largely d…
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