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harvey norman holdings downgraded to neutral by ubs amid market shifts

Harvey Norman Holdings Limited, an Australian company, operates across integrated retail, franchising, real estate, and digital systems. Its activities include selling furniture, bedding, and electrical goods in multiple countries, alongside real estate investments and consumer credit services. The company features various segments, including franchising and retail across several regions.
10:01 28.11.2024

harvey norman holdings expands retail and franchising operations across multiple countries

Harvey Norman Holdings Limited is an Australian company involved in integrated retailing, franchising, and real estate, operating across several countries including New Zealand, Singapore, and Ireland. Its diverse activities encompass the sale of furniture, electronics, and consumer products, alongside property investment and leasing for its franchisees. The company’s segments include various retail operations, property development, and equity investments, catering to a wide range of consumer needs.
10:01 28.11.2024

retail sector poised for growth ahead of black friday and cyber monday

Retail sales in Australia are projected to surge by $69.7 billion leading up to Christmas, with $6.7 billion expected to be spent during Black Friday and Cyber Monday, marking a 5.5% increase from last year. Consumer sentiment is on the rise, encouraging retailers to enhance their offerings as competition intensifies. Despite some caution in the discretionary sector, companies like JB Hi-Fi and Harvey Norman are positioned to benefit from increased sales, particularly in trending products like robot vacuums.
00:25 20.11.2024

myer faces challenges amid store closures and strategic review for recovery

Myer Holdings (ASX: MYR) faced a challenging FY24, marked by store closures and rising costs, leading to a 61% drop in total dividends. Despite a 0.4% increase in comparable store sales, shares fell 11% post-results but are up 40% year-to-date. The company is undergoing a strategic review and exploring a potential merger with Premier Investments' Apparel Brands division to enhance profitability and market position.
00:44 25.09.2024
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