Harvey Norman, the furniture and electrical retailer, reported AU$4.7 billion in total sales from operations in Australia, New Zealand, Ireland, Northern Ireland and Slovenia for the nine months ending in March. Gerry Harvey, executive chairman at the retail giant, said that the downturn in consumer discretionary spending hurt. "If you took the top 500 electrical and computer shops across all brands in Australia, the bigger majority of them would all be down on last year," he said.

Related Summaries