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AAP
AAP
Derek Rose

Harvey Norman fears Bleak Friday despite sales increase

Gerry Harvey says the profit margins for retailers are under pressure and costs are high. (Diego Fedele/AAP PHOTOS)

Retail veteran Gerry Harvey says profit margins remain a concern, despite Harvey Norman reporting Australian sales have picked up in the first four months of the financial year.

The homeware and electronics retailer revealed at its annual general meeting that sales at its Australian franchisees were up 3.2 per cent in the period from July 1 to October 31, compared to the same time in 2023. Same-store sales were up 3.1 per cent 

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