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Tag: Harvey Norman

Retail Asia26/11/2020
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General

Harvey Norman sales suffer in Asia

2min0
Australian electronics and furniture retailer Harvey Norman suffered an 18-per-cent decline in sales in its Singapore store network last year. While sales dropped 26.1 percent in local currency during the second half-year due to the Covid-19-related lockdown, first-half sales – described by the company as “poor” – were down as well, by 11.9 percent. In […]
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Retail Asia12/06/2020
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General

Harvey Norman Asia sales suffer during Corona outbreak

3min0
Australian electronics and furniture retailer Harvey Norman suffered an 18-per-cent decline in sales in its Singapore store network last year. While sales dropped 26.1 percent in local currency during the second half-year due to the Covid-19-related lockdown, first-half sales – described by the company as “poor” – were down as well, by 11.9 percent. In […]
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Retail Asia06/04/2020
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General

Harvey Norman executives take pay cut as crisis worsens

3min0
Harvey Norman has told shareholders the business will not pay an interim dividend and that its executive team and non-directors will forgo 20 percent of their salaries and director’s fees for three months. “In the present environment, the board believes that preserving cash is the most prudent course of action to protect shareholder value,” company […]
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Retail Asia13/11/2019
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General

Harvey Norman first to launch Microsoft Synchronized Shopping software

4min0
Harvey Norman has become the world’s first retailer to launch a new AI-powered retail software concept the Microsoft Synchronized Shopping solution. Microsoft says its system, accessible via the retailer’s website, “empowers consumers to make informed purchase decisions amidst the myriad of options available online and offline”. Visitors to the Harvey Nomran website can use a […]
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Retail Asia12/09/2019
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General

Offshore boost for Harvey Norman sales

4min0
Harvey Norman has lifted full-year profit by 7.2 percent to $402.3 million with its overseas ventures again outshining local franchisees, which struggled amid tough retail conditions. The homeware, whitegoods and electronics retailer lifted total sales by 12.1 percent to $2.23 billion in the 12 months to June 30, largely thanks to its 90 company-operated offshore […]
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Retail Asia27/05/2019
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General

Harvey Norman plans More Expansion in Malaysia

2min0
Harvey Norman Malaysia is planning to open nine stores by the end of next year, taking its network there to more than 50 by the end of 2023. The retailer has expanded into Sarawak with an outlet in Miri Times Square. The 40,000sqft store covers a range of products spanning electrical and electronics, as well […]
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Retail Asia05/10/2018
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General

Harvey Norman to open 50 more stores in Malaysia

1min0
Australian furniture and appliance retailer Harvey Norman plans to open 34 stores in Malaysia, taking its network there to 50. In a commentary accompanying the company’s recent Australian results filing, Harvey Norman said it was planning substantial investment outside Australia where markets offered greater growth potential. The company indicated it would open as many as […]
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Retail Asia10/08/2018
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Living

Harvey Norman open door in Johor Malaysia

1min0
Australian furniture retailer Harvey Norman Malaysia has opened its first store in Johor, at Paradigm Mall. Harvey Norman Asia MD Kenneth Aruldoss said the opening was timely as Johor has an impressive market thanks to rapid economic growth. The store also offers the retailer’s “Shop with Confidence” campaign which offers price guarantee. “This means that […]
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Retail Asia08/03/2018
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Electronics

Microsoft Surface Family unveiled in Singapore

2min0
Microsoft Singapore has opened a Surface Store at the Harvey Norman Millenia Walk Flagship Superstore, featuring the full range of the technology. New devices include Surface Book 2, Surface Laptop and Surface Studio, which will join Surface Pro already available. The line-up will be available for commercial customers via Authorised Device Resellers including AsiaPac Distribution, […]
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Retail Asia11/12/2017
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Electronics

Harvey Norman officially launches Kuching outlet

3min
Australian brand Harvey Norman marked a new milestone with the official launch of its first superstore in East Malaysia today at Vivacity Megamall. Established since 1982 in Australia with over 280 stores worldwide, the superstore here occupies a retail space of 46,806 square feet across two floors, featuring a unique retail experience in the country. […]
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Retail Asia18/07/2017
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General

Retail veteran bent on creating top go-to brand

3min0
The Australian department store giant – a household name here in electronics, computers, furniture and bedding – has steadily expanded its footprint in Singapore, even as the retail sector continues to grapple with headwinds. Over the weekend, Harvey Norman unveiled a new, two-storey, 38,500 sq ft factory outlet in Chai Chee Road that stocks items at […]
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Retail Asia21/12/2016
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Real Estate

Sunway Velocity Mall opens doors

3min0
Sunway Velocity Mall has opened in Cheras, with a catchment of 1.72 million residents including the nearby areas of Ampang and Kuala Lumpur. With a neo-futuristic appearance, the sphere-shaped shopping centre, known as the “KL Orb”, is set to be a landmark on the city’s skyline, especially with its LED light display. Its opening is […]
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Retail Asia11/08/2016
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Real Estate

Two more Kuala Lumpur malls opening

5min0
Two Kuala Lumpur malls, collectively offering more than 2 million sqft (185,806 sqm) in net lettable area, will open in Cheras, Klang Valley, by the end of the year. Moreover, the MyTown Shopping Centre (below picture) and Sunway Velocity Mall (above picture) will be just 800m away from each other. Cheras already has the Aeon Maluri shopping centre […]
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Retail Asia12/12/2015
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General

Harvey Norman expands with new flagship megastore

5min
Australian department store giant Harvey Norman has expanded its presence in Singapore with a new flagship store in the Central Business District despite a downturn in the retail sector that has crippled many operators here. The three-storey, 100,000 sq ft superstore, officially opened in Millenia Walk on Thursday, may seem a risky move but chief […]
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