Harvey Norman Holdings Ltd - Company Profile
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Business Description
Harvey Norman Holdings Ltd (Harvey Norman) is a franchisor and retailer that provides products for home and office. It operates under a franchise system in Australia and consistently delivers a retail offering to Australian consumers. The company grants franchises to independent proprietors under three leading brand names: Harvey Norman, Domayne, and Joyce Mayne. The company offers its retail products under the Harvey Norman and Spacing Furniture. The proprietors sell products in various categories, including electrical goods, furniture, computerized communications, bedding and manchester, kitchen appliances, small appliances, bathroom and tiles, carpets, and flooring. The company's strategic pillars include Franchise, Retail, and Property, complemented by a sustained investment in technology, digital transformation, and IT infrastructure assets.
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Business Segments
Overview
Consists of franchisor operations of the company in Australia. Provides franchisee under Harvey Norman, Domayne and Joyce Mayne brand names.
Performance
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Overview
Operates Retail- New Zealand, Retail- Singapore and Malaysia, Retail- Slovenia & Croatia, Retail- Ireland & Northern Ireland, and Other Non-Franchised Retail. These sub-segments consist of the wholly owned operations of the consolidated entity in retail trading operations in respective countries under the Harvey Norman and Space Furniture brand name.
Performance
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Overview
Refers to the investing and trading of equity investments.
Performance
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Overview
Offers credit facilities to related and unrelated parties, and other unallocated income and expense items.
Performance
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Overview
Operates through two divisions, namely, Retail Property under development and Property Developments for Resale. Retail Property consists of land and buildings for each retail site that is fully operational or ready for leasing. Property Developments for Resale consists of land and buildings acquired by the consolidated entity, to be developed, or currently under development, for the sole purpose of resale at a profit.
Performance
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