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Harvey Norman Holdings Limited (ASX:HVN) says a rise in consumer confidence since the federal election has not led to a boost in sales.
CEO Katie Page told the retailer’s annual general meeting the jump that was expected after the election, didn’t come.
Several measures of consumer confidence and spending have shown improvements since the election, but Harvey Norman says it has not benefited its business.
Ms Page says trading conditions for Harvey Norman's Australian stores were steady, though its New Zealand business continued to perform strongly.
The electronics and furniture retailer is hoping for a stronger Christmas period.
Harvey Norman generated a net profit of $144.5 million in fiscal 2013.
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Last
$5.93 |
Change
0.050(0.85%) |
Mkt cap ! $7.388B | |||
| Open | High | Low | Value | Volume |
| $5.90 | $5.98 | $5.88 | $7.358M | 1.240M |
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| No. | Vol. | Price($) |
|---|---|---|
| 4 | 6143 | $5.93 |
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| Price($) | Vol. | No. |
|---|---|---|
| $5.94 | 373 | 1 |
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| HVN (ASX) Chart |