Harvey Norman Holdings Ltd
ASX:HVN

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Harvey Norman Holdings Ltd
ASX:HVN
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Price: 4.71 AUD -1.26%
Market Cap: 5.9B AUD
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Harvey Norman Holdings Ltd
Investor Relations

Harvey Norman Holdings Ltd., an Australian retail giant, has been a household name since it was founded by Gerry Harvey and Ian Norman in 1982. From its humble beginnings, the company has grown into a sprawling empire, headquartered in Sydney, with an impressive network of franchises. At its core, Harvey Norman operates a unique business model that weaves together franchising and property ownership. The company's retail strategy focuses primarily on furniture, bedding, computers, communications, and consumer electrical products, drawing in a broad spectrum of customers looking for value, range, and customer service excellence. With a keen focus on consumer needs and innovative retail experiences, Harvey Norman stores offer a one-stop-shop for diverse lifestyle needs.

In terms of its financial architecture, Harvey Norman is not merely a retailer, but also a formidable property magnate. The company strategically acquires retail space which it leases to franchise owners, creating a dual-income stream of retail sales and rent. This model allows Harvey Norman to not only gain from the retail margin but also to benefit from the appreciation and stable income of its property portfolio. Over the years, the franchisee model has empowered independent operators to manage stores under Harvey Norman's umbrella, while the company retains control over the strategic direction, marketing, and branding efforts. This blend of retail prowess and real estate acumen has carved out a unique niche for Harvey Norman in the competitive landscape of retail, securing its place as a robust and dynamic player in the industry.

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Earnings Calls

No Earnings Calls Available

Management

Mr. Gerald Harvey
Co-Founder, Executive Chairman & Head of Strategy
No Bio Available
Ms. Kay Lesley Harvey Page
CEO & Executive Director
No Bio Available
Mr. Chris Mentis F.C.A., FGIA, GradDipAppFin
Executive Director, CFO & Company Secretary
No Bio Available
Mr. John Evyn Slack-Smith
Executive Director & COO
No Bio Available
Darren Salakas
General Manager of Technology & Entertainment
No Bio Available
Mr. Gordon Ian Dingwall
Chief Information Officer
No Bio Available
Carene Myers
General Manager of Small Appliances
No Bio Available
Christopher Coen
General Manage of Home Appliances
No Bio Available
Benjamin Kelada
General Manager of Audio Visual
No Bio Available
Ms. Melissa Wilson
Managing Director of Europe
No Bio Available

Contacts

Address
NEW SOUTH WALES
Sydney
B1 Richmond Road, Homebush West
Contacts