PROFILE |
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Bargain shoppers sniff out deals at stores run by Harvey Norman. The fast-growing company sells discounted electriconics, furniture, bedding, carpet, hardware, and computers through more than 125 franchised stores in Australia and New Zealand. Harvey Norman leases property to the franchisees and provides them with administrative and advertising services in return for a percentage of sales. The company has grown through acquisitions, buying three smaller chains (Joyce Mayne, Loughrans, and Vox). Harvey Norman has expanded to Asia, using a 30% stake in Singapore retailer Pertama Holdings to acquire 15 stores. Harvey Norman was founded in 1982 by Gerry Harvey and Ian Norman; the Harvey family owns 34% of the company.
COMPETITION |
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Coles Myer Ltd. (CM)
Woolworths Limited (WOW)
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FINANCIAL OVERVIEW |
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Fiscal Year-End: June
2000 Sales (mil.): 311.40
1-Yr. Sales Growth: 38.6%
Employees: 5,500
Revenue per employee: $56,618.18
KEY PEOPLE |
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Kay L. Page
CEO
John Skippen
CFO
CONTACT INFO |
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A1 Richmond Rd.
Homebush West New South Wales 2140, Australia
Phone: 61-2-9201-6111
Fax: 61-2-9201-6250
Online: Web Site
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