Harvey Norman to close up to 10 stores

Wabusinessnews.com.au, 30 Jan 2009

Retail king Gerry Harvey says he will close five to ten Harvey Norman stores in the second half of this financial year as consumers cut back discretionary spending.

"We will be closing a few more stores as the next few months progresses," Mr Harvey told AAP.

"It's the stores that are not making money, they didn't make money when things were good, they're stores that always struggle - there is just no point in having them."

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