Harvey Norman’s sales up for second week in a row

By Patrick Avenell

Harvey Norman chairman Gerry Harvey has brought good news to his shareholders and franchisees this morning, announcing a sales increase for the second week in a row.

“Like for like written sales for the 28 days ended 7th December 2008 (sic) from the franchised “Harvey Norman” stores in Australia increased by 1.2% when compared to the same period last year,” wrote Harvey to the ASX.

Harvey Norman’s share price has also been on a roll this week just past, jumping 7.04%, 1.32%, 1.73% and 3.4% over the last four trading days. In real terms, this has cumulatively seen the share price rise 30 cents, or 14%, to $2.43.

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