If you're not up by 20% in Western Australia, you're not trying

Earlier we reported a great WA result for David Jones. Following their February announcement of a first half profit increase of nearly 40%, Harvey Norman sales have risen by more than 17% in the March quarter – on the back of strong results in WA and electronics (particularly Plasma and LCD TVs). Total sales for the quarter totaled $1.28 billion, with same store sales up 10.8%.

In spite of a tough market (except for WA!), Harvey Norman expect to maintain sales growth in excess of 10% for the second half of the financial year.

Gerry Harvey was reported in Inside Retailing as saying “If you're not up by 20% in Western Australia, you're not trying…”

So are you up 20% in Western Australia?

Sources: AAP & Inside Retailing

Jason Wenn