By Patrick Avenell
After weeks of reporting comparative sales downturn, Harvey Norman chairman Gerry Harvey has today announced an upturn by 0.5 per cent compared to the same period last year.
“Like for like written sales for the 28 days ended 30th November 2009 (sic) from the franchised “Harvey Norman” stores in Australia increased by 0.5% when compared to the same period last year,” wrote Harvey.
This is big turnaround for Harvey Norman, and welcome in the weeks leading up to Christmas, who has over the past weeks reported 28 days, like-for-like sales decreases of 5.8, 3.6, 0.6, 2.8, 0.8 and 3.1 per cent. This is the first time Harvey has reported a written sales increase since he began reporting weekly to the ASX.
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