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Harvey Norman

May 04, 2023

Harvey Norman is a large Australian-based, multi-national retailer of furniture, bedding, computers, communications and consumer electrical products. It mainly operates as a franchise,[2] with the main brand and all company-operated stores owned by ASX-listed Harvey Norman Holdings Limited.[3] As of 2022, there are 304 company-owned and franchised stores in Australia,[4] New Zealand, Europe and South-East Asia operating under the Harvey Norman, Domayne and Joyce Mayne brands in Australia, and under the Harvey Norman brand overseas.[5]

Harvey Norman
TypePublic
(ASX: HVN)
IndustryRetail: Computer, Electrical, Furniture and Bedding goods
Founded1982
FoundersGerry Harvey
Ian Norman
Headquarters
Homebush West, Sydney
,
Australia
Number of locations
195 (Australian, franchised)
109 (overseas, company owned) (2022)
Key people
Gerry Harvey (Chairman/Co-Founder)
Ian Norman (Co-Founder)
Katie Page (Managing Director)
RevenueA$5.4 billion (2021/22)
A$1.2 billion (2021/22)
Number of employees
Est. 10,000 (Australia Only)
Websitewww.harveynorman.com.au (AU)
www.harveynorman.co.nz (NZ)
www.harveynormanholdings.com.au Company investor website
Footnotes / references
[1]

History

Gerry Harvey and Ian Norman opened their first store in 1961, that specialised in electrical goods and appliances.[6] Harvey and Norman had first met when both were working as door-to-door vacuum cleaner salesmen.[6] The store's success prompted Harvey and Norman to expand the business and conduct talks with retailer Keith Lord, who sought to expand his own retail group. They could not settle on a name for the new business, with Harvey and Lord reluctant to take on the other's name. They eventually decided to retain Norman's name and that of its first store manager, Peter Ross. This spawned the retail chain Norman Ross.[7]

Norman Ross became one of the largest appliance retail chains and by 1979 controlled 42 stores with sales of more than $240 million.[6][8] In the early 1980s, Alan Bond and Grace Bros sought to acquire the chain, spawning a bidding war that saw Grace Bros incorporate the chain in 1982. Three weeks later however, a determined Alan Bond successfully convinced the Grace Bros director Michael Grace to sell the chain to Bond. Shortly after, Harvey and Norman were given notice and redundancy package of six months pay. Reasons for their sacking were not publicised, although Harvey later told The Daily Telegraph: "I said I wished Alan Bond would pack up his marbles and go back to Perth. Then I got a telegram telling me I was sacked".[7]

Norman Ross went into liquidation in 1992.[9] In October 1982, Harvey and Norman purchased a new shopping centre in the outer Sydney suburb of Auburn for A$3 million, and opened the first Harvey Norman store.[citation needed] The enterprise was intended to be a single store but its success led to the opening of others. Harvey Norman Holdings Limited was listed on the Australian Securities Exchange on 3 September 1987.[citation needed]

In the early 1990s, Harvey Norman adopted the superstore format then successful in the United States, and entered the computer and furniture markets.[citation needed] The first computer superstore was opened at Bennetts Green, Newcastle, in late 1993 with much fanfare. That was followed several weeks later by the opening of a larger superstore at Auburn. Many stores later expanded their computer sections.

Strong support was provided to the chain by distributors such as Merisel, Dataflow, Tech Pacific, and Marketing Results.[citation needed] Extra support and funding was supplied by vendors (supplied by these distributors) such as Microsoft, Corel, Symantec and WordPerfect.[citation needed]

Harvey Norman also sold Apple Computer products for several years. The launch of Windows 95 was a huge success, with a few Sydney stores opening at midnight, and some regional areas opening at 6 a.m.[citation needed] The products came with a bonus pack featuring Harvard Graphics on CD and an introductory internet offer from OzEmail.[citation needed] Apple decided to stop supplying the chain in the late 1990s, but returned in 2004 with the iPod range, which later expanded into iPads, iPhones and iMacs.[citation needed]

A Norman Ross store was opened at Bennetts Green in 1995, with the purpose of being a clearance centre.[citation needed] That had mixed results, and was closed within 12 months. However, the Bennetts Green store expanded into larger premises in 1996, where it operates today.[citation needed] Part of the relocation was a dedicated educational centre, named Kidscape.[citation needed] Specialist employees from Dataflow provided advice to parents on which software was best for their child. Kidscape was installed at a number of stores, but it was discontinued at a number of them within two years.[citation needed]

Some stores also opened early for the Windows 98 launch, which included a number of offers, including an SPC CD with Harvard Graphics and Quicken. Other products, such as modems and printers, were promoted at $98.[citation needed]

Harvey Norman has relied on 'bricks & mortar' stores as its strength.[citation needed] When suppliers such as Compaq and IBM started supplying direct, Harvey Norman stopped selling those products in-store.[citation needed] After Compaq later stopped selling direct, Harvey Norman returned to selling Compaq PC products.[citation needed]

Harvey Norman's growth occurred organically until it acquired Joyce Mayne in 1998.[citation needed] A number of electrical stores in Western Australia, some of which were owned by Wesfarmers, were purchased.[citation needed] Further acquisitions followed and by 2000 the chain had 100 stores.[citation needed] In 2006, Retravision was struggling, and a number of Retravision stores were acquired by Harvey Norman. Many were later converted to either Harvey Norman or Joyce Mayne stores, but those that were not successful were closed down.[10]

 
A Harvey Norman superstore in Wagga Wagga, New South Wales

Company structure

Harvey Norman's operating structure is unusual in that each store department (flooring, bedding, furniture, computer and electrical) is operated by a separate entity of management. Thus many superstores are a combination of three or four separate businesses managed independently contributing revenue to Harvey Norman Holdings Ltd. through lease payments and a portion of sales.[11] Overseas, Harvey Norman stores are directly owned and operated by the ASX-listed, Sydney-based parent company, Harvey Norman Holdings Limited. However, sales commissions are still heavily used across all departments of the store to motivate salespeople, drive sales and improve service.[citation needed]

Retail marketing consultant Kevin Moore argues that this 'high reward-based remuneration structure' drives Harvey Norman's point of difference and is what contributes, at least partly, to its retail dominance. "Almost all the people in a Harvey Norman are there because they are great salespeople, can propose solutions for customers and are paid in line with what they sell... So when you walk into a Harvey Norman, the guys on the floor have a real reason to help you. You walk away happy at the end of the day having spent money with them. And so do the staff because some of the money you left in the store goes to them... for helping you solve a problem in your life."[11]

Harvey Norman

 
Harvey Norman in the Queen Street Mall, Brisbane

Harvey Norman is the flagship brand of Harvey Norman Holdings. Harvey Norman is mainly a household goods retailer – with items being sold in their stores including major appliances, small appliances, information technology (such as computers, printers and mobile phones), furniture, bedding, hardware (bathrooms) and flooring among other things. There are 193 franchise-operated Harvey Norman stores located throughout Australia, as at 23 April 2020, with separate franchisees owning and operating separate departments. The majority of Harvey Norman stores are located in New South Wales (56), followed by Victoria (45), Queensland (44), Western Australia (27), South Australia (10), Tasmania (7), Northern Territory (2) and the Australian Capital Territory (2).

Home renovations

Harvey Norman Design and Renovations is a subsidiary of Harvey Norman Holdings Limited. The design and renovations arm of the company specialises in bathroom, kitchen, wardrobe, home office, bars and home theatre renovations, and featured showroom franchises in Victoria, South Australia and New South Wales. The Victorian and South Australian outlets have since closed, leaving five New South Wales outlets in operation.

Domayne

Domayne is a furniture, bedding, flooring, computers, electrical and homewares chain independently operated by franchisees (and whose brand is owned by Harvey Norman Holdings). They focus on fashion and design in their furniture range, with their hallmark being their range of contemporary, Australian-made furniture. While their focus is on furniture and bedding, certain outlets (such as former Joyce Mayne stores) also stock higher-end cooking appliances.[12][13] As of 9 June 2016, there are 19 Domayne franchised complexes Australia-wide, with 12 in New South Wales (Alexandria, Auburn, Belrose, Caringbah, Castle Hill, Kotara, Liverpool, Maitland, North Ryde, Penrith, Warrawong, West Gosford), 3 in Queensland (Bundall, Fortitude Valley, Maroochydore), 2 in Victoria (Melbourne QV, Springvale) and Western Australia (City West Perth, Osborne Park), and 1 each in the Australian Capital Territory (Fyshwick) and South Australia (Marion).

As of December 2019, some Domayne stores are listed as 'Harvey Norman @ Domayne'.

Joyce Mayne

Joyce Mayne (slogan: Where the smart money shops) is a retail chain offering similar products to Harvey Norman. They mainly offer whitegoods, small appliances, stationery and IT products (such as mobile phones, computers and printers).[14] There are seven Joyce Mayne stores in Australia as of 1 November 2018 – four in Queensland (Maroochydore, Chancellor Park, Toowoomba and Townsville), two in New South Wales (Nowra and Warrawong) and one in the Northern Territory (Darwin).

Former brands

OFIS

In August 2007, market analysts suggested Harvey Norman would launch a rival "big-box" stationery and office supplies competitor to Officeworks before June 2008. Harvey Norman has registered the brand name OFIS and as a result of the acquisition of former Megamart and Retravision stores, has access to well-placed potential sites on which to open Officeworks-sized outlets.[15] In December 2007, Harvey Norman announced it would be opening its first two OFIS stores in Albury and Auburn in March 2008.They aimed to have 100 stores within ten years.[16] In all, five OFIS outlets were established, but proved unprofitable and in February 2009 Harvey Norman stated it would close all of the stores by June 2009 and abandon the concept.[17]

The School Locker

School Locker is aimed at primary and high school students, selling school uniforms, stationery as well as sports and musical equipment. There are two big box-style retail stores in New South Wales and four in Queensland in addition to a dozen School Campus stores.[18]

Big Buys

There were five Big Buys stores in Australia (all now closed), located in Springvale, Victoria, Cambridge, Tasmania, Munno Para, South Australia, Auburn, New South Wales and Maroochydore, Queensland. They sold some of Harvey Norman's range, plus music instruments, camping gear, luggage, pet and baby products. Big Buys also had an online store via the Harvey Norman website.[19]

International

 
Harvey Norman store at Millenia Walk Singapore

As of 31 January 2023, Harvey Norman Holdings' overseas operations (all conducted under the Harvey Norman brand) are in:[5]

With the exception of Malaysia and Singapore, all overseas operations are directly owned and operated by Harvey Norman Holdings Ltd. or its associated companies.

George Goh Ching Wah, founder and chairman of publicly-listed Singapore sporting goods and fashion distributor Ossia International Limited, partnered Gerry Harvey to form Harvey Norman Ossia (Asia) Pte Ltd as an SGD33 million joint venture vehicle to bring the Harvey Norman brand to Asia in 1999.[20] Harvey Norman Ossia (Asia) bought 50.6% of Pertama Holdings, a Singapore electronics retailer that was publicly listed on the Singapore Stock Exchange for SGD$36 million.[21] Goh was appointed as the Deputy Chairman of Pertama Holding Limited. Harvey Norman Ossia (Asia) acquired 14 electronics stores in Singapore, formerly known as Electric City and owned by Pertama Holdings, and rebranded them as Harvey Norman stores.[21] As of 2022, the company owns 14 outlets in Singapore. Its flagship store is at Millenia Walk, which was opened in 2015, and is the largest electronics store in the city area with 100, 000 sq ft.[22]

Harvey Norman Holdings Ltd. and its associated companies effectively own 80.2% of Pertama, with Ossia International, holding 19.8%.[23] Formerly listed on the Singapore Exchange (SGX), on 8 July 2013, it was finally delisted after the proportion of shares in free float fell below 10%. Under the former ownership structure, as of July 2013 Harvey Norman Singapore (a wholly owned subsidiary of ASX-listed Harvey Norman Holdings Ltd.) and Harvey Norman Ossia (Asia) Ltd.—a 60/40 joint-venture with Ossia International—had held over 83% of Pertama's shares.[24]

The 86 company-owned overseas stores of Harvey Norman contributed around 10%, or AU$36.5 million, of the parent company's AU$378 million profit in the financial year ended 30 June 2015 – an increase of 32% from the previous financial year. This excludes the financial impact of the overseas property Harvey Norman owns for its stores. New Zealand was the only overseas market to recorded a rise in profit over the last financial year (from AU$49.75 million to AU$53.11 million), with operations in Slovenia and Croatia posting a small profit decline (from AU$3.02 million to AU$2.70 million) and all other overseas operations recording losses.[25]

Norman Ross

Harvey Norman Holdings Ltd previously operated Norman Ross stores in New Zealand. The first store opened on 4 December 2007 in Lower Hutt. All Norman Ross stores were rebranded as Harvey Norman in February 2013.[26]

Online store

On 22 December 2011, Harvey Norman launched Harvey Norman Direct Import based in Ireland to ship games to buyers in Australia.[27] The prices for video games are cheaper than the Australia-based online store of Harvey Norman.[28]

Controversies and criticism

  • In 1995, the Australian Competition & Consumer Commission (ACCC) acted against Harvey Norman for knowingly distributing a catalogue which included more than 20 errors. These included illustrations of sale items with incorrect accessories or functions and packages describing features that they did not actually have.[29]
  • In 2000, before the Australian implementation of the Goods and Services Tax, the ACCC alleged that Harvey Norman advertised QuickBooks for $199 with bonus software valued at more than $900 while aware that the quantities of bonus software were insufficient to meet consumer demand. Harvey Norman was also alleged to have misled consumers regarding tax benefits associated with the purchase of Quickbooks and digital cameras.[30]
  • In November 2008, the company's chief executive, Gerry Harvey, was heavily criticised for comparing Ireland's economic problems with the Great Famine,[31][32][33][34][35] an event which saw the deaths of over a million people. Harvey has since refused to apologise, admonishing the Irish for their poor sense of humour and stating: "It doesn’t say much about a people when they can’t take something like that on the chin and get on with it."[36]
  • On 8 October 2011, four environmentalist activists illegally climbed the Sydney Opera House and spread out a banner over one of the sails, reading "No Harvey Norman No! Stop selling Aussie forest destruction" as part of a protest against the retailer's profiting from environmental damage. A spokesperson for the protesters said in an interview the "profiting from the destruction of our spectacular forests is absolutely unacceptable". Harvey Norman had previously mentioned they were being "unfairly targeted" and were trying "their best" to sell products from sustainable timber. The protesters were arrested shortly after the event.[37] In response, the Furniture Industry Association of Australia said that, "Get Up! are effectively campaigning for rainforest destruction in other countries instead of sustainably harvested Australian timber".[38] The Minister for Manufacturing, Kim Carr has said, "the GetUp! 'No Harvey No' campaign runs the risk of deterring people from buying Australian-made furniture and supporting Australian jobs".[38]
  • In December 2011, Harvey Norman was fined AU$1.25 million by the Federal Court of Australia for misleading advertising relating to their promotion of 3D televisions to watch the NRL and AFL Grand Finals in areas which could not receive 3D signals.[39]
  • In 2011 the outspoken founder of Harvey Norman, Gerry Harvey, fronted a sustained media campaign and funded a special-interest lobby group, the Fair Imports Alliance.[clarification needed][citation needed] By late December apparently in a volte-face, Harvey Norman launched a gaming website that leveraged its Irish subsidiary to export video games direct to customers and therefore was outside of the jurisdiction of Australian tax laws for the purposes of GST. Concerns were raised earlier in the year about the prospect of retailers conducting business in such a manner.[40]
  • On 1 October 2015, the New Zealand online store offered cheap furniture deals between midnight and 8 am. Subsequently, the store decided not to honour the sales stating the prices were the result of a "genuine error", leaving a number of disgruntled customers and potentially a damaged brand name.[41]
  • In May 2021, a controversy arose over acceptance of JobKeeper funds earmarked for COVID-19 relief. Harvey Norman received $22 million in funds intended to keep its workers employed, but critics argued it did not comply with the terms of the program.[42]

Relationship with Flexirent

Flexirent has had very close ties to Harvey Norman since 1995 and is heavily marketed in stores. Flexirent is alleged to have strong elements of predatory lending practices.[43][44]

In addition, Gerry Harvey has himself asserted on primetime Australian television in a January 2008 airing of Today Tonight that Flexirent should be turned down by the average family. This is why Harvey Norman promotes the product to its commercial customer base.[45]

Motorsport

 
Harvey Norman backed wildcard at the 2016 Bathurst 1000

Harvey Norman partnered with Tickford Racing to support the #200 Ford Falcon FG X wildcard driven by Simona de Silvestro and Renee Gracie under the name Harvey Norman Supergirls for the 2015 Bathurst 1000.[46]

In 2016 Harvey Norman once again sponsored the Harvey Norman Supergirls wildcard entry for the 2016 Bathurst 1000 now run by Nissan Motorsport using a Nissan Altima L33 and sporting the new number #360.[47] In 2017 Harvey Norman became the major backer for Simona de Silvestro in the #78 Nissan Motorsport Nissan Altima L33.[48] At the end of 2019 the partnership between Harvey Norman and Kelly Racing ended.[49]

References

  1. ^ "2011 Full Year Results". Retrieved 1 September 2011.
  2. ^ . Harvey Norman (Generic Publications Pty Limited). Archived from the original on 20 September 2012. Retrieved 7 February 2013.
  3. ^ . Archived from the original on 21 June 2007. Retrieved 25 June 2007.
  4. ^ "Harvey Norman Store Finder". Harvey Norman Online. Retrieved 17 August 2022.
  5. ^ a b "Harvey Norman Holdings Limited Annual Report 2022" (PDF).
  6. ^ a b c Greenblat, Eli (29 May 2014). "Harvey Norman co-founder Ian Norman dies". Sydney Morning Herald. Retrieved 25 June 2014.
  7. ^ a b "Harvey Norman Holdings Ltd - Company History". Funding Universe. Retrieved 4 February 2009.
  8. ^ Carter, Bridget (31 May 2014). "Harvey Norman co-founder Ian Norman dies at 75". The Australian. Retrieved 25 June 2014.
  9. ^ . Archived from the original on 17 January 2009. Retrieved 25 December 2008.
  10. ^ (PDF). Archived from the original (PDF) on 21 April 2007. Retrieved 25 June 2007.
  11. ^ a b A, Moogy. . SmartCompany. Archived from the original on 3 August 2016. Retrieved 21 April 2016.
  12. ^ "About Us". Domayne Online. Retrieved 21 April 2016.
  13. ^ NORRIS, SAM (18 March 2015). "Joyce Mayne becomes Domayne at Rutherford". Maitland Mercury. Retrieved 21 April 2016.
  14. ^ "About joyce Mayne Online | Joyce Mayne Australia". www.joycemayne.com.au. Retrieved 21 April 2016.
  15. ^ "Harvey will get into stationery". The Sydney Morning Herald. 30 August 2007. Retrieved 30 August 2007.
  16. ^ . The Australian. 4 December 2007. Archived from the original on 6 December 2007. Retrieved 19 December 2008.
  17. ^ "Harvey Norman closes five OFIS stores". The Age. Melbourne. 3 February 2009. Retrieved 3 February 2009.
  18. ^ theschoollocker.com.au/
  19. ^ "Hot Deals - Harvey Norman Australia". www.harveynorman.com.au.
  20. ^ "Harvey hits Asia with Ossia deal". Australian Financial Review. 7 October 1999. Retrieved 23 November 2022.
  21. ^ a b "Harvey Norman widens its global ambitions". Australian Financial Review. 9 March 2001. Retrieved 23 November 2022.
  22. ^ Auto, Hermes (29 October 2021). "Harvey Norman's 'Sellabration' marks 20 years in Singapore". Straits Times. Retrieved 23 November 2022.
  23. ^ "CORPORATE | Ossia International Limited". www.ossia.com.sg. Retrieved 21 April 2016.
  24. ^ migration (8 July 2013). "Electronics company Pertama Holdings told to delist from SGX, exit offer to be made". Straits Times. Retrieved 21 April 2016.
  25. ^ (PDF). Archived from the original (PDF) on 1 March 2016.
  26. ^ "Norman Ross to become Harvey Norman". Manawatu Standard. 20 February 2013. Retrieved 20 April 2013.
  27. ^ "Harvey Norman launches online game-seller site, in competition with own stores". The Courier-Mail. 22 December 2011.
  28. ^ Cook, Henrietta (22 December 2011). "Harvey Norman peddles GST-free computer games". The Sydney Morning Herald.
  29. ^ "Harvey Norman undertakings after catalogue advertising errors". 30 November 1995. Retrieved 25 June 2007.
  30. ^ . Archived from the original on 27 September 2007. Retrieved 25 June 2007.
  31. ^ "Today in the press". RTÉ News. 27 November 2008.
  32. ^ McDonald, Gary (26 November 2008). . The Irish News. Archived from the original on 6 July 2009.
  33. ^ "Harvey regrets his Norman invasion". Irish Independent. 27 November 2008.
  34. ^ . Business World. 2 December 2008. Archived from the original on 6 July 2009.
  35. ^ . 3 December 2008. Archived from the original on 13 February 2012.
  36. ^ . Irish Echo. 2 December 2008. Archived from the original on 5 December 2008.
  37. ^ . Yahoo7. Archived from the original on 9 October 2011.
  38. ^ a b Ferguson, John (9 February 2012), , Australian Associated Press, archived from the original on 25 May 2021, retrieved 12 February 2012
  39. ^ . News Limited. 9 December 2011. Archived from the original on 9 December 2011. Retrieved 9 December 2011.
  40. ^ "Offshore tax move could backfire". Sydney Morning Herald. 7 January 2011. Retrieved 7 January 2011.
  41. ^ "Customers charged more after pricing glitch". New Zealand Herald. 3 October 2015. Retrieved 11 October 2016.
  42. ^ "Harvey Norman hangs on to JobKeeper as profits double". www.accountantsdaily.com.au. 28 February 2021. Retrieved 30 May 2021.
  43. ^ "Flexirent Deals Require a Long Hard Look" (PDF) (Press release). ACT Office of Regulatory Services. December 2006. Retrieved 7 February 2013.[permanent dead link]
  44. ^ The Micah Law Centre (2007), A Loan in Lease Clothing: Problems identified with instalment-based rent/purchase contracts for household goods (PDF), Greensborough, Melbourne, Australia
  45. ^ Pape, Scott (16 February 2008), "Get tough, Wayne (Barefoot Investor editorial)", Herald Sun
  46. ^ Gadeke, Kassie (28 September 2015). "Harvey Norman confirms backing for All-Female Bathurst Wildcard". Supercars Championship.
  47. ^ "Harvey Norman confirms backing for Nissan Motorsport Wildcard". Supercars Championship. 25 September 2016.
  48. ^ Isaacs, Lewis (9 February 2017). "Harvey Norman confirms Silvestro backing". Supercars Championship.
  49. ^ O'Brien, Connor (7 November 2019). "Silvestro confirms Supercars exit". Supercars Championship.

External links

  • Harvey Norman Australia
  • Harvey Norman New Zealand
  • Harvey Norman Ireland
  • Harvey Norman Northern Ireland
  • Harvey Norman Slovenia
  • Harvey Norman Singapore
  • Harvey Norman Malaysia
  • Harvey Norman Croatia
  • Harvey Norman Big Buys

May 04, 2023
harvey, norman, this, article, multiple, issues, please, help, improve, discuss, these, issues, talk, page, learn, when, remove, these, template, messages, this, article, needs, additional, citations, verification, please, help, improve, this, article, adding,. This article has multiple issues Please help improve it or discuss these issues on the talk page Learn how and when to remove these template messages This article needs additional citations for verification Please help improve this article by adding citations to reliable sources Unsourced material may be challenged and removed Find sources Harvey Norman news newspapers books scholar JSTOR November 2019 Learn how and when to remove this template message This article may contain an excessive amount of intricate detail that may interest only a particular audience Please help by spinning off or relocating any relevant information and removing excessive detail that may be against Wikipedia s inclusion policy January 2020 Learn how and when to remove this template message This article needs to be updated Please help update this article to reflect recent events or newly available information March 2023 Learn how and when to remove this template message Harvey Norman is a large Australian based multi national retailer of furniture bedding computers communications and consumer electrical products It mainly operates as a franchise 2 with the main brand and all company operated stores owned by ASX listed Harvey Norman Holdings Limited 3 As of 2022 there are 304 company owned and franchised stores in Australia 4 New Zealand Europe and South East Asia operating under the Harvey Norman Domayne and Joyce Mayne brands in Australia and under the Harvey Norman brand overseas 5 Harvey NormanTypePublicTraded as ASX HVN IndustryRetail Computer Electrical Furniture and Bedding goodsFounded1982FoundersGerry HarveyIan NormanHeadquartersHomebush West Sydney AustraliaNumber of locations195 Australian franchised 109 overseas company owned 2022 Key peopleGerry Harvey Chairman Co Founder Ian Norman Co Founder Katie Page Managing Director RevenueA 5 4 billion 2021 22 Net incomeA 1 2 billion 2021 22 Number of employeesEst 10 000 Australia Only Websitewww wbr harveynorman wbr com wbr au AU www wbr harveynorman wbr co wbr nz NZ www wbr harveynormanholdings wbr com wbr au Company investor websiteFootnotes references 1 Contents 1 History 2 Company structure 2 1 Harvey Norman 2 2 Home renovations 2 3 Domayne 2 4 Joyce Mayne 2 5 Former brands 2 5 1 OFIS 2 5 2 The School Locker 2 5 3 Big Buys 3 International 3 1 Norman Ross 3 2 Online store 4 Controversies and criticism 4 1 Relationship with Flexirent 5 Motorsport 6 References 7 External linksHistory EditGerry Harvey and Ian Norman opened their first store in 1961 that specialised in electrical goods and appliances 6 Harvey and Norman had first met when both were working as door to door vacuum cleaner salesmen 6 The store s success prompted Harvey and Norman to expand the business and conduct talks with retailer Keith Lord who sought to expand his own retail group They could not settle on a name for the new business with Harvey and Lord reluctant to take on the other s name They eventually decided to retain Norman s name and that of its first store manager Peter Ross This spawned the retail chain Norman Ross 7 Norman Ross became one of the largest appliance retail chains and by 1979 controlled 42 stores with sales of more than 240 million 6 8 In the early 1980s Alan Bond and Grace Bros sought to acquire the chain spawning a bidding war that saw Grace Bros incorporate the chain in 1982 Three weeks later however a determined Alan Bond successfully convinced the Grace Bros director Michael Grace to sell the chain to Bond Shortly after Harvey and Norman were given notice and redundancy package of six months pay Reasons for their sacking were not publicised although Harvey later told The Daily Telegraph I said I wished Alan Bond would pack up his marbles and go back to Perth Then I got a telegram telling me I was sacked 7 Norman Ross went into liquidation in 1992 9 In October 1982 Harvey and Norman purchased a new shopping centre in the outer Sydney suburb of Auburn for A 3 million and opened the first Harvey Norman store citation needed The enterprise was intended to be a single store but its success led to the opening of others Harvey Norman Holdings Limited was listed on the Australian Securities Exchange on 3 September 1987 citation needed In the early 1990s Harvey Norman adopted the superstore format then successful in the United States and entered the computer and furniture markets citation needed The first computer superstore was opened at Bennetts Green Newcastle in late 1993 with much fanfare That was followed several weeks later by the opening of a larger superstore at Auburn Many stores later expanded their computer sections Strong support was provided to the chain by distributors such as Merisel Dataflow Tech Pacific and Marketing Results citation needed Extra support and funding was supplied by vendors supplied by these distributors such as Microsoft Corel Symantec and WordPerfect citation needed Harvey Norman also sold Apple Computer products for several years The launch of Windows 95 was a huge success with a few Sydney stores opening at midnight and some regional areas opening at 6 a m citation needed The products came with a bonus pack featuring Harvard Graphics on CD and an introductory internet offer from OzEmail citation needed Apple decided to stop supplying the chain in the late 1990s but returned in 2004 with the iPod range which later expanded into iPads iPhones and iMacs citation needed A Norman Ross store was opened at Bennetts Green in 1995 with the purpose of being a clearance centre citation needed That had mixed results and was closed within 12 months However the Bennetts Green store expanded into larger premises in 1996 where it operates today citation needed Part of the relocation was a dedicated educational centre named Kidscape citation needed Specialist employees from Dataflow provided advice to parents on which software was best for their child Kidscape was installed at a number of stores but it was discontinued at a number of them within two years citation needed Some stores also opened early for the Windows 98 launch which included a number of offers including an SPC CD with Harvard Graphics and Quicken Other products such as modems and printers were promoted at 98 citation needed Harvey Norman has relied on bricks amp mortar stores as its strength citation needed When suppliers such as Compaq and IBM started supplying direct Harvey Norman stopped selling those products in store citation needed After Compaq later stopped selling direct Harvey Norman returned to selling Compaq PC products citation needed Harvey Norman s growth occurred organically until it acquired Joyce Mayne in 1998 citation needed A number of electrical stores in Western Australia some of which were owned by Wesfarmers were purchased citation needed Further acquisitions followed and by 2000 the chain had 100 stores citation needed In 2006 Retravision was struggling and a number of Retravision stores were acquired by Harvey Norman Many were later converted to either Harvey Norman or Joyce Mayne stores but those that were not successful were closed down 10 A Harvey Norman superstore in Wagga Wagga New South WalesCompany structure EditHarvey Norman s operating structure is unusual in that each store department flooring bedding furniture computer and electrical is operated by a separate entity of management Thus many superstores are a combination of three or four separate businesses managed independently contributing revenue to Harvey Norman Holdings Ltd through lease payments and a portion of sales 11 Overseas Harvey Norman stores are directly owned and operated by the ASX listed Sydney based parent company Harvey Norman Holdings Limited However sales commissions are still heavily used across all departments of the store to motivate salespeople drive sales and improve service citation needed Retail marketing consultant Kevin Moore argues that this high reward based remuneration structure drives Harvey Norman s point of difference and is what contributes at least partly to its retail dominance Almost all the people in a Harvey Norman are there because they are great salespeople can propose solutions for customers and are paid in line with what they sell So when you walk into a Harvey Norman the guys on the floor have a real reason to help you You walk away happy at the end of the day having spent money with them And so do the staff because some of the money you left in the store goes to them for helping you solve a problem in your life 11 Harvey Norman Edit Harvey Norman in the Queen Street Mall Brisbane Harvey Norman is the flagship brand of Harvey Norman Holdings Harvey Norman is mainly a household goods retailer with items being sold in their stores including major appliances small appliances information technology such as computers printers and mobile phones furniture bedding hardware bathrooms and flooring among other things There are 193 franchise operated Harvey Norman stores located throughout Australia as at 23 April 2020 with separate franchisees owning and operating separate departments The majority of Harvey Norman stores are located in New South Wales 56 followed by Victoria 45 Queensland 44 Western Australia 27 South Australia 10 Tasmania 7 Northern Territory 2 and the Australian Capital Territory 2 Home renovations Edit Harvey Norman Design and Renovations is a subsidiary of Harvey Norman Holdings Limited The design and renovations arm of the company specialises in bathroom kitchen wardrobe home office bars and home theatre renovations and featured showroom franchises in Victoria South Australia and New South Wales The Victorian and South Australian outlets have since closed leaving five New South Wales outlets in operation Domayne Edit Domayne is a furniture bedding flooring computers electrical and homewares chain independently operated by franchisees and whose brand is owned by Harvey Norman Holdings They focus on fashion and design in their furniture range with their hallmark being their range of contemporary Australian made furniture While their focus is on furniture and bedding certain outlets such as former Joyce Mayne stores also stock higher end cooking appliances 12 13 As of 9 June 2016 there are 19 Domayne franchised complexes Australia wide with 12 in New South Wales Alexandria Auburn Belrose Caringbah Castle Hill Kotara Liverpool Maitland North Ryde Penrith Warrawong West Gosford 3 in Queensland Bundall Fortitude Valley Maroochydore 2 in Victoria Melbourne QV Springvale and Western Australia City West Perth Osborne Park and 1 each in the Australian Capital Territory Fyshwick and South Australia Marion As of December 2019 some Domayne stores are listed as Harvey Norman Domayne Joyce Mayne Edit Joyce Mayne slogan Where the smart money shops is a retail chain offering similar products to Harvey Norman They mainly offer whitegoods small appliances stationery and IT products such as mobile phones computers and printers 14 There are seven Joyce Mayne stores in Australia as of 1 November 2018 four in Queensland Maroochydore Chancellor Park Toowoomba and Townsville two in New South Wales Nowra and Warrawong and one in the Northern Territory Darwin Former brands Edit OFIS Edit In August 2007 market analysts suggested Harvey Norman would launch a rival big box stationery and office supplies competitor to Officeworks before June 2008 Harvey Norman has registered the brand name OFIS and as a result of the acquisition of former Megamart and Retravision stores has access to well placed potential sites on which to open Officeworks sized outlets 15 In December 2007 Harvey Norman announced it would be opening its first two OFIS stores in Albury and Auburn in March 2008 They aimed to have 100 stores within ten years 16 In all five OFIS outlets were established but proved unprofitable and in February 2009 Harvey Norman stated it would close all of the stores by June 2009 and abandon the concept 17 The School Locker Edit School Locker is aimed at primary and high school students selling school uniforms stationery as well as sports and musical equipment There are two big box style retail stores in New South Wales and four in Queensland in addition to a dozen School Campus stores 18 Big Buys Edit There were five Big Buys stores in Australia all now closed located in Springvale Victoria Cambridge Tasmania Munno Para South Australia Auburn New South Wales and Maroochydore Queensland They sold some of Harvey Norman s range plus music instruments camping gear luggage pet and baby products Big Buys also had an online store via the Harvey Norman website 19 International Edit Harvey Norman store at Millenia Walk Singapore As of 31 January 2023 Harvey Norman Holdings overseas operations all conducted under the Harvey Norman brand are in 5 Croatia 2 stores Ireland 15 stores Malaysia 27 stores New Zealand 44 stores Northern Ireland 2 stores Singapore 14 stores Slovenia 5 stores With the exception of Malaysia and Singapore all overseas operations are directly owned and operated by Harvey Norman Holdings Ltd or its associated companies George Goh Ching Wah founder and chairman of publicly listed Singapore sporting goods and fashion distributor Ossia International Limited partnered Gerry Harvey to form Harvey Norman Ossia Asia Pte Ltd as an SGD33 million joint venture vehicle to bring the Harvey Norman brand to Asia in 1999 20 Harvey Norman Ossia Asia bought 50 6 of Pertama Holdings a Singapore electronics retailer that was publicly listed on the Singapore Stock Exchange for SGD 36 million 21 Goh was appointed as the Deputy Chairman of Pertama Holding Limited Harvey Norman Ossia Asia acquired 14 electronics stores in Singapore formerly known as Electric City and owned by Pertama Holdings and rebranded them as Harvey Norman stores 21 As of 2022 the company owns 14 outlets in Singapore Its flagship store is at Millenia Walk which was opened in 2015 and is the largest electronics store in the city area with 100 000 sq ft 22 Harvey Norman Holdings Ltd and its associated companies effectively own 80 2 of Pertama with Ossia International holding 19 8 23 Formerly listed on the Singapore Exchange SGX on 8 July 2013 it was finally delisted after the proportion of shares in free float fell below 10 Under the former ownership structure as of July 2013 Harvey Norman Singapore a wholly owned subsidiary of ASX listed Harvey Norman Holdings Ltd and Harvey Norman Ossia Asia Ltd a 60 40 joint venture with Ossia International had held over 83 of Pertama s shares 24 This section needs to be updated Please help update this article to reflect recent events or newly available information February 2022 The 86 company owned overseas stores of Harvey Norman contributed around 10 or AU 36 5 million of the parent company s AU 378 million profit in the financial year ended 30 June 2015 an increase of 32 from the previous financial year This excludes the financial impact of the overseas property Harvey Norman owns for its stores New Zealand was the only overseas market to recorded a rise in profit over the last financial year from AU 49 75 million to AU 53 11 million with operations in Slovenia and Croatia posting a small profit decline from AU 3 02 million to AU 2 70 million and all other overseas operations recording losses 25 Norman Ross Edit Harvey Norman Holdings Ltd previously operated Norman Ross stores in New Zealand The first store opened on 4 December 2007 in Lower Hutt All Norman Ross stores were rebranded as Harvey Norman in February 2013 26 Online store Edit On 22 December 2011 Harvey Norman launched Harvey Norman Direct Import based in Ireland to ship games to buyers in Australia 27 The prices for video games are cheaper than the Australia based online store of Harvey Norman 28 Controversies and criticism EditIn 1995 the Australian Competition amp Consumer Commission ACCC acted against Harvey Norman for knowingly distributing a catalogue which included more than 20 errors These included illustrations of sale items with incorrect accessories or functions and packages describing features that they did not actually have 29 In 2000 before the Australian implementation of the Goods and Services Tax the ACCC alleged that Harvey Norman advertised QuickBooks for 199 with bonus software valued at more than 900 while aware that the quantities of bonus software were insufficient to meet consumer demand Harvey Norman was also alleged to have misled consumers regarding tax benefits associated with the purchase of Quickbooks and digital cameras 30 In November 2008 the company s chief executive Gerry Harvey was heavily criticised for comparing Ireland s economic problems with the Great Famine 31 32 33 34 35 an event which saw the deaths of over a million people Harvey has since refused to apologise admonishing the Irish for their poor sense of humour and stating It doesn t say much about a people when they can t take something like that on the chin and get on with it 36 On 8 October 2011 four environmentalist activists illegally climbed the Sydney Opera House and spread out a banner over one of the sails reading No Harvey Norman No Stop selling Aussie forest destruction as part of a protest against the retailer s profiting from environmental damage A spokesperson for the protesters said in an interview the profiting from the destruction of our spectacular forests is absolutely unacceptable Harvey Norman had previously mentioned they were being unfairly targeted and were trying their best to sell products from sustainable timber The protesters were arrested shortly after the event 37 In response the Furniture Industry Association of Australia said that Get Up are effectively campaigning for rainforest destruction in other countries instead of sustainably harvested Australian timber 38 The Minister for Manufacturing Kim Carr has said the GetUp No Harvey No campaign runs the risk of deterring people from buying Australian made furniture and supporting Australian jobs 38 In December 2011 Harvey Norman was fined AU 1 25 million by the Federal Court of Australia for misleading advertising relating to their promotion of 3D televisions to watch the NRL and AFL Grand Finals in areas which could not receive 3D signals 39 In 2011 the outspoken founder of Harvey Norman Gerry Harvey fronted a sustained media campaign and funded a special interest lobby group the Fair Imports Alliance clarification needed citation needed By late December apparently in a volte face Harvey Norman launched a gaming website that leveraged its Irish subsidiary to export video games direct to customers and therefore was outside of the jurisdiction of Australian tax laws for the purposes of GST Concerns were raised earlier in the year about the prospect of retailers conducting business in such a manner 40 On 1 October 2015 the New Zealand online store offered cheap furniture deals between midnight and 8 am Subsequently the store decided not to honour the sales stating the prices were the result of a genuine error leaving a number of disgruntled customers and potentially a damaged brand name 41 In May 2021 a controversy arose over acceptance of JobKeeper funds earmarked for COVID 19 relief Harvey Norman received 22 million in funds intended to keep its workers employed but critics argued it did not comply with the terms of the program 42 Relationship with Flexirent Edit Flexirent has had very close ties to Harvey Norman since 1995 and is heavily marketed in stores Flexirent is alleged to have strong elements of predatory lending practices 43 44 In addition Gerry Harvey has himself asserted on primetime Australian television in a January 2008 airing of Today Tonight that Flexirent should be turned down by the average family This is why Harvey Norman promotes the product to its commercial customer base 45 Motorsport Edit Harvey Norman backed wildcard at the 2016 Bathurst 1000 Harvey Norman partnered with Tickford Racing to support the 200 Ford Falcon FG X wildcard driven by Simona de Silvestro and Renee Gracie under the name Harvey Norman Supergirls for the 2015 Bathurst 1000 46 In 2016 Harvey Norman once again sponsored the Harvey Norman Supergirls wildcard entry for the 2016 Bathurst 1000 now run by Nissan Motorsport using a Nissan Altima L33 and sporting the new number 360 47 In 2017 Harvey Norman became the major backer for Simona de Silvestro in the 78 Nissan Motorsport Nissan Altima L33 48 At the end of 2019 the partnership between Harvey Norman and Kelly Racing ended 49 References Edit 2011 Full Year Results Retrieved 1 September 2011 Company Profile Harvey Norman Generic Publications Pty Limited Archived from the original on 20 September 2012 Retrieved 7 February 2013 Harvey Norman Corporate Profile Archived from the original on 21 June 2007 Retrieved 25 June 2007 Harvey Norman Store Finder Harvey Norman Online Retrieved 17 August 2022 a b Harvey Norman Holdings Limited Annual Report 2022 PDF a b c Greenblat Eli 29 May 2014 Harvey Norman co founder Ian Norman dies Sydney Morning Herald Retrieved 25 June 2014 a b Harvey Norman Holdings Ltd Company History Funding Universe Retrieved 4 February 2009 Carter Bridget 31 May 2014 Harvey Norman co founder Ian Norman dies at 75 The Australian Retrieved 25 June 2014 Harvey looks to bring back Norman Ross brand in NZ Archived from the original on 17 January 2009 Retrieved 25 December 2008 Official Company Profile History PDF Archived from the original PDF on 21 April 2007 Retrieved 25 June 2007 a b A Moogy Clive Peeters an eeeasy model for success to Harvey Norman SmartCompany SmartCompany Archived from the original on 3 August 2016 Retrieved 21 April 2016 About Us Domayne Online Retrieved 21 April 2016 NORRIS SAM 18 March 2015 Joyce Mayne becomes Domayne at Rutherford Maitland Mercury Retrieved 21 April 2016 About joyce Mayne Online Joyce Mayne Australia www joycemayne com au Retrieved 21 April 2016 Harvey will get into stationery The Sydney Morning Herald 30 August 2007 Retrieved 30 August 2007 Harvey to take on Officeworks The Australian 4 December 2007 Archived from the original on 6 December 2007 Retrieved 19 December 2008 Harvey Norman closes five OFIS stores The Age Melbourne 3 February 2009 Retrieved 3 February 2009 theschoollocker com au Hot Deals Harvey Norman Australia www harveynorman com au Harvey hits Asia with Ossia deal Australian Financial Review 7 October 1999 Retrieved 23 November 2022 a b Harvey Norman widens its global ambitions Australian Financial Review 9 March 2001 Retrieved 23 November 2022 Auto Hermes 29 October 2021 Harvey Norman s Sellabration marks 20 years in Singapore Straits Times Retrieved 23 November 2022 CORPORATE Ossia International Limited www ossia com sg Retrieved 21 April 2016 migration 8 July 2013 Electronics company Pertama Holdings told to delist from SGX exit offer to be made Straits Times Retrieved 21 April 2016 Harvey Norman Holdings Limited 2015 Annual Report PDF Archived from the original PDF on 1 March 2016 Norman Ross to become Harvey Norman Manawatu Standard 20 February 2013 Retrieved 20 April 2013 Harvey Norman launches online game seller site in competition with own stores The Courier Mail 22 December 2011 Cook Henrietta 22 December 2011 Harvey Norman peddles GST free computer games The Sydney Morning Herald Harvey Norman undertakings after catalogue advertising errors 30 November 1995 Retrieved 25 June 2007 ACCC institutes against Harvey Norman Holdings Pty Ltd Archived from the original on 27 September 2007 Retrieved 25 June 2007 Today in the press RTE News 27 November 2008 McDonald Gary 26 November 2008 Tycoon faces Irish backlash over potato famine remarks The Irish News Archived from the original on 6 July 2009 Harvey regrets his Norman invasion Irish Independent 27 November 2008 Live News Business World 2 December 2008 Archived from the original on 6 July 2009 Recession likened to potato famine 3 December 2008 Archived from the original on 13 February 2012 Harvey Norman chief unapologetic over potato famine jibe Irish Echo 2 December 2008 Archived from the original on 5 December 2008 ACTIVISTS SCALE SYDNEY OPERA HOUSE Yahoo7 Archived from the original on 9 October 2011 a b Ferguson John 9 February 2012 quickbooks online 1 8559796695 quickbook support quickbooks help quickbooks online Australian Associated Press archived from the original on 25 May 2021 retrieved 12 February 2012 Harvey Norman fined 1 25m over misleading TV ads News Limited 9 December 2011 Archived from the original on 9 December 2011 Retrieved 9 December 2011 Offshore tax move could backfire Sydney Morning Herald 7 January 2011 Retrieved 7 January 2011 Customers charged more after pricing glitch New Zealand Herald 3 October 2015 Retrieved 11 October 2016 Harvey Norman hangs on to JobKeeper as profits double www accountantsdaily com au 28 February 2021 Retrieved 30 May 2021 Flexirent Deals Require a Long Hard Look PDF Press release ACT Office of Regulatory Services December 2006 Retrieved 7 February 2013 permanent dead link The Micah Law Centre 2007 A Loan in Lease Clothing Problems identified with instalment based rent purchase contracts for household goods PDF Greensborough Melbourne Australia Pape Scott 16 February 2008 Get tough Wayne Barefoot Investor editorial Herald Sun Gadeke Kassie 28 September 2015 Harvey Norman confirms backing for All Female Bathurst Wildcard Supercars Championship Harvey Norman confirms backing for Nissan Motorsport Wildcard Supercars Championship 25 September 2016 Isaacs Lewis 9 February 2017 Harvey Norman confirms Silvestro backing Supercars Championship O Brien Connor 7 November 2019 Silvestro confirms Supercars exit Supercars Championship External links EditHarvey Norman Australia Harvey Norman New Zealand Harvey Norman Ireland Harvey Norman Northern Ireland Harvey Norman Slovenia Harvey Norman Singapore Harvey Norman Malaysia Harvey Norman Croatia Harvey Norman Big Buys Retrieved from https en wikipedia org w index php title Harvey Norman amp oldid 1151981958, wikipedia, wiki, book, books, library,

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