The veteran retailer has slammed Australia’s legal system,and said people won’t stop shopping at Harvey Norman as it fights allegations of misleading customers.
All it took was a class action lawsuit to put a kink in a nation-unifying call from the Business Council to cease and desist with business bashing.
Harvey Norman has recorded a 4 per cent slide in revenue and a 35 per cent drop in net profit.
Rate-sensitive sectors including consumer stocks dragged the local sharemarket lower,despite a US equities rebound overnight following its steep sell-off.
The founder of Harvey Norman is hoping for artificial intelligence to drum up new sales for the electronics business.
Australia’s largest provider of interest-free shopping and consumer finance has hiked its rates. Here’s where you can get a better deal.
Investors are looking through the retail gloom and anticipating how cyclical companies will fare when inflation is a memory and interest rates start to fall.
With Jo Wright’s simple probe,she epitomised the disparity between working-class and corporate Australia.
This year’s Black Friday deals were some of the best that Australia’s ever seen. But it’s uncertain if retailers can offer the same next year,as discounts eat into margins.
Veteran retailer Gerry Harvey has launched a blistering attack on a proxy adviser,saying it’s to blame for the remuneration strike.
In another blow to the beleaguered game,the major retailer has decided it will no longer back the sport.