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  September 5, 2001
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Home > Company Index > Retail > Discount & Variety Retailing > Harvey Norman Holdings Limited

Harvey Norman Holdings Limited
 PROFILE
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
Coles Myer Ltd. (CM)
Woolworths Limited (WOW)

 FINANCIAL OVERVIEW
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
• Kay L. Page
    CEO
• John Skippen
    CFO

 CONTACT INFO
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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