Some improvement for Harvey Norman

By Patrick Avenell

Although Harvey Norman sales are still down compared to last year, there has been a slight improvement compared to last week.

Harvey Norman chairman Gerry Harvey once again reported like for like written sales for the preceding 28 days this morning. This is the second week of a four week commitment by the retailer to keep investors and the market informed of activity in the marketplace.

Harvey reports that over the 28 days to 26 October 2008, like for like written sales decreased by 3.6 per cent compared to the same period last year. This is an improvement from the 5.8 per cent drop reported last week.

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