Harvey Norman’s sales for the month to October 26 are down 3.6 per cent on the same period last year, which is a slight improvement on the 5.8 per cent drop last week.
Claiming its sales turnover is a strong indicator of retail market conditions in Australia, chairman Gerry Harvey says retail margins continue to be under pressure.
Harvey Norman has been reporting like for like written sales on a week to week basis to keep investors and the market well informed.
There are Harvey Norman franchise stores in every state and large town in Australia.