Consumers should be spending, Harvey says
According to Gerry Harvey local consumers should be “as happy as pigs in sh**” and spending their cash, given low unemployment and the resources boom.
According to Gerry Harvey local consumers should be “as happy as pigs in sh**” and spending their cash, given low unemployment and the resources boom.
Harvey Norman has reported a 9 percent rise in profit for the year ended June, saying its franchising operations segment continues to underpin the overall performance of the group.
Poor performance has led Harvey Norman to decide to axe the Clive Peeters and Rick Hart brands, with seven stores to be closed and a further 16 to be converted into Harvey Norman or Joyce Mayne formats.
Despite Gerry Harvey’s war on GST free goods imported from overseas, an Australian startup Shopster.com.au has entered the market with hopes that good service and price will overcome the added cost of paying GST in Australia.
Gerry Harvey’s calls for a GST on imported goods bought online has caught the attention of Australian IT retailer eStore, with eStore.com.au offering customers GST-free goods this weekend, 15 and 16 January 2011.
GST is a hot topic of late, with Gerry Harvey and the Fair Imports Alliance arguing for it to be applied to all online imports under $1,000 as well as the National Retailers Alliance’s small business members joining the campaign.
Harvey Norman plans to launch a China-based retail website to circumvent the Government’s GST legislation have been called a hoax, after Harvey Norman chairman Gerry Harvey announced the plan yesterday.
Kogan has grown almost 50 percent in a single quarter with Ruslan Kogan using the opportunity to take a swing at rival Gerry Harvey and his bricks and mortar retail chain Harvey Norman.
Harvey Norman has announced a profit of $290.04 million, up 15.8 percent on last year, showing there is still life in bricks and mortar retailing and dismissing suggestions from rival Ruslan Kogan that Harvey Norman’s business model is dead.
Harvey Norman executive chairman Gerry Harvey has been slammed by the Australian Retailers Association (ARA) for ‘laughing off’ the real concerns of smaller retailers.
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