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Gerry Harvey says Australia is nowhere near a recession

Carrie LaFrenz
Carrie LaFrenzSenior reporter
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Gerry Harvey, executive chairman of retailer Harvey Norman, says recent wet weather has resulted in fewer sales of outdoor furniture and air conditioner units, but he still expects to have a good Christmas, while next year is more opaque.

Mr Harvey told The Australian Financial Review that consumers were still spending on big-screen televisions and energy saving products with no sign of any slowdown, despite rising cost-of-living pressures.

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Carrie LaFrenz is a senior journalist covering retail/consumer goods. She previously covered healthcare/biotech. Carrie has won multiple awards for her journalism including financial journalist of the year from The National Press Club. Connect with Carrie on Twitter. Email Carrie at carrie.lafrenz@afr.com

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    Original URL: https://www.afr.com/companies/retail/harvey-norman-plots-major-malaysian-store-expansion-20221124-p5c0vk