According to Gerry Harvey local consumers should be “as happy as pigs in sh**” and spending their cash, given low unemployment and the resources boom.
Harvey Norman has reported a 9 percent rise in profit for the year ended June, saying its franchising operations segment continues to underpin the overall performance of the group.
Kogan has grown almost 50 percent in a single quarter with Ruslan Kogan using the opportunity to take a swing at rival Gerry Harvey and his bricks and mortar retail chain Harvey Norman.
Harvey Norman has announced a profit of $290.04 million, up 15.8 percent on last year, showing there is still life in bricks and mortar retailing and dismissing suggestions from rival Ruslan Kogan that Harvey Norman’s business model is dead.