Harvey Norman’s New Zealand sales decline

harvey norman nz — Harvey Norman’s New Zealand sales slid amid macroeconomic challenges in the first half. (Source: Harvey Norman New Zealand/Facebook)

By Celene Ignacio Mar 3, 2025

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Harvey Norman’s New Zealand sales slid amid macroeconomic challenges in the first half.

The furniture and consumer electronics retailer’s New Zealand sales declined 3.6 per cent to $20.4 million while retail profit dipped 10 per cent to $39.5 million.

Comparable sales in the country slid 2.5 per cent.

During the period, Harvey Norman opened two stores in New Zealand, at Papanui in Christchuch and Ravenswood in Woodend.

Harvey Norman’s overall group system sales increased 4 per cent to $5.4 billion while earnings before interest, taxes, depreciation, and amortisation (EBITDA) soared 22.9 per cent to $645.6 million.

“Consumers continue to embrace the growing AI-PC market, with Harvey Norman proudly enhancing its AI-foothold in the delivery of the Next Gen-AI technology range,” said Gerry Harvey, chairman of Harvey Norman.

“The continuing innovation and mainstream adoption of Next Gen-AI PCs and devices are expected to drive further sales growth in the home appliances, television, audio, mobile and computer technology categories throughout FY25 and beyond.”