Harvey Norman Holdings Ltd (ASX:HVN) is a major retailer that both operates company-run stores and also franchises Harvey Norman stores. There are Harvey Normans in Australia, New Zealand, Slovenia, Croatia, Ireland, Northern Ireland, Singapore and Malaysia. Gerry Harvey and Ian Norman opened the first store over 50 years ago in 1961.
The Harvey Norman (ASX:HVN) share price is up more than 4% after releasing FY20 profit news.
The S&P/ASX 200 (INDEXASX: XJO) is expected to fall on Thursday. Kogan (ASX:KGN), Harvey Norman (ASX:HVN) and Transurban (ASX:TCL) shares are some to watch.
Harvey Norman (ASX:HVN) is in the spotlight this morning after declaring a special dividend and giving an update.
The S&P/ASX 200 (ASX: XAO) was trading 1.67% higher on Tuesday, with shares of Xero Limited (ASX:XRO), Harvey Norman Holdings Limited (ASX:HVN) and Australian Foundation Investment Co.Ltd. (ASX:AFI) moving the Australian share market.
The S&P/ASX 200 (ASX: XJO) finished Friday 3.25% lower, following the Dow Jones and NASDAQ 100 indices. WiseTech (ASX:WTC) and Afterpay (ASX:APT) shares were amongst the worst performers.
The Harvey Norman Holdings Ltd (ASX: HVN) share price traded 8% lower on Friday following the release of its half-year financial report.
Australian share market darling Afterpay Ltd (ASX: APT) shares were leading the Australian share market down on Friday, following more sell-offs on global markets overnight.
Three of Australia’s premier retailers are suffering share price falls today despite the wider market pushing slightly higher. Is this a sign of things to come for the consumer discretionary sector?
Australia’s share market, or the All Ordinaries Index (INDEXASX:XAO)(ASX:XAO), is currently down 0.03% at lunch.
