Harvey Norman sales in New Zealand fall

Australian-based retailer Harvey Norman has posted a 3.9 percent fall in sales in New Zealand in the year to June 30 while sales in Australia rose 3.3 percent when reported in local currencies.

Overall, the retailer posted a 1.7 percent increase in sales to $A6.18 billion ($NZ7.6 billion), but like-for-like sales fell 3.6 percent. The company said sales were negatively affected by deterioration in the NZ dollar against the Australian dollar and other currency movements.

New Zealand sales, reported in New Zealand dollars, rose 4.6 percent from a year ago in the first quarter, fell 10.4 percent in the second quarter, fell 2.2 percent in the third quarter and fell 6.2 percent in the fourth quarter.

 

 

 

Add a Comment

drivesouth-pow-classic-2.png

Our journalists are your neighbours

We are the South's eyes and ears in crucial council meetings, at court hearings, on the sidelines of sporting events and on the frontline of breaking news.

As our region faces uncharted waters in the wake of a global pandemic, Otago Daily Times continues to bring you local stories that matter.

We employ local journalists and photographers to tell your stories, as other outlets cut local coverage in favour of stories told out of Auckland, Wellington and Christchurch.

You can help us continue to bring you local news you can trust by becoming a supporter.

Become a Supporter