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Harvey Norman posts record result as COVID cocooning boosts demand – Sydney Morning Herald

Sales at electronics and furniture seller Harvey Norman have soared nearly 40 per cent through July and August despite lockdowns in Victoria and New Zealand.

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The strong sales have continued into the new financial year, climbing 38.4 per cent on a comparable basis in Australia despite 18 stores being closed in Victoria and rising nearly 20 per cent in New Zealand, despite stricter lockdowns due to the Auckland COVID-19 outbreak.
The retailer’s results were partially weighed down by some weaker results from its international divisions, as sales in Northern Ireland dropped 6 per cent on a comparable basis, and fell 14.7 per cent in Singapore, largely d…

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